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Markets pare gains to slip in red; lenders fall in trade
Benchmark indices were trading without fervor in afternoon trade with Nifty50 trading near 9,650 amid lack of any strong global and domestic cues. Some gains were erased as investors stay on the sidelines ahead of GST. Finance Minister Arun Jaitley in a press conference today confirmed GST will be officially rolled out on the midnight of June 30. Expects the size of formal economy to increase under GST but one must be prepared for short-term challenges, the FM said.
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