Markets trade firm in early trade as GST revenues hit record in April
New Indian ExpressMUMBAI: Equity benchmark indices rebounded in early trade on Thursday amid optimistic investors' sentiment boosted by a record-high GST collections in April and foreign fund inflows. Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by strong economic momentum and increased domestic transactions and imports, the finance ministry said on Wednesday. The GST collection for April setting a record of Rs 2.1 trillion indicates a booming economy," said V K Vijayakumar, Chief Investment Strategist, at Geojit Financial Services. "Positive factors include record-high GST revenue, FIIs and DIIs being net buyers, and WTI oil prices falling below USD 80 a barrel," said Prashanth Tapse, Senior VP, Mehta Equities Ltd.