Markets could fall by 2-3% if GST bill is not passed

News:

• The market participant as well as industrialists will be keenly watching the government’s efforts to find a way to get parliamentary approval for the Goods and Services Tax (GST) Bill amid a belligerent opposition.
• If the Bill is not cleared , there is a high likelihood that market could crack by 2%-3%, which translates into a slide of 250 points on the Nifty, and over 800 points on the Sensex.
• if the bill is not passed in Rajya Sabha in these two days, the government could call a short special session of both Houses of Parliament to pass the GST Bill.

Source: ET