Sun Pharma, ICICI Bank, Adani Ports and Axis Bank are top gainers, no stock is in red in the Sensex.
The introduction of Goods and Services Tax (GST) is a very positive move for India feels Mark Matthews of Bank Julius Baer & Co., who believes it will restructure the economy. Sharing his views on the US elections outcome, Matthews says market is increasingly looking at Donald Trump as a pro-growth President and although his world view is through a narrow prism of business and economics and he is not so much in geopolitics of things, "he is more of a deal-maker than deal-breaker" which might prove beneficial.
Factoring in Trump's plan of trimming corporate tax rates to 15 percent from 35 percent, earnings per share of companies in US should expand by 20 percent over next few years and that itself could help markets rally, he adds.
