MUMBAI/NEW DELHI -- Hopes that the much-awaited goods and services tax may finally see the light of the day has improved the long-term outlook for Indian manufacturing companies, especially those in the automotive and consumer goods sectors.
A day after the constitutional amendment bill on GST was passed in the upper house of parliament, the shares of four auto companies were top gainers for the day. The Bombay Stock Exchange's benchmark Sensex ended higher by just 0.06% at 27,714.37 on Thursday, as market participants said the GST passage had already been factored in.
