Sensex in line with Asia, gains 146 pts; Nifty tops 9,600

Tags: Stock Market
The Sensex made a good start today latching onto the progress made on the GST front by bouncing over 146 points and the NSE Nifty retook 9,600 amid a rising trend in Asia.

Risk-on improved after the GST Council yesterday relaxed return filing rules for businesses for the first two months of the rollout of the new indirect tax regime even as it stuck to the July 1 launch date.

The 30-share index was trading higher by 146.23 points, or 0.47 per cent, at 31,202.63, with all the sectoral indices led by capital goods, auto, realty and FMCG moving in the positive terrain by gaining up to 0.73 per cent.

The gauge had lost 99.51 points in the previous two sessions. The 50-share Nifty regained the 9,600 mark at 9,631.25, up 43.20 points, or 0.45 per cent.

According to traders, buying activity picked up, mirroring positive cues from the rest of Asia after another record on the Wall Street at the close of last week.

The lift mostly came from Bajaj Auto, Tata Steel, Reliance Industries, L&T, TCS, Hero MotoCorp, M&M, ITC Ltd, Wipro, HDFC and Hindustan Unilever, gaining by up to 2.42 per cent.

Japan's Nikkei was up 0.60 per cent while Hong Kong's Hang Seng rose 0.92 per cent in early trade today. China's Shanghai Composite was too up by 0.44 per cent.

The US Dow Jones Industrial Average ended 0.11 per cent higher on Friday.

EDITORIAL OF THE DAY

  • There is no reason why SEBs be burdened with unviable power assets

    It is indeed unfair that state power agencies be burdened with unviable power assets of Tatas, Essar, Reliance, Adani and other major power generators

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Freedom Files : THE LAST SHEPHERD

The deep sense of foreboding was still to set in, ...

Rajgopal Nidamboor

Think outside the box

Creativity is the proviso of being resourceful. It connotes something ...

Kuruvilla Pandikattu

Tech is but a tool, digital era or not

Does our digital world make us make happier? We ...