D-St gives thumbs up to GST rollout; Sensex above 31,000-mark, Nifty recaptures 9,600-level
The 30-share index, after soaring 337 points to touch a high of 31,258.33 at the outset, let go of some gains and traded at 31,201.48, up 279.87 points, or 0.91 percent after moving in range of 31,258.33-31,017.11.
New Delhi: The market hit a bright spot straightaway Monday as the Sensex moved beyond 31,000 at the start, extending its weekend gains following the GST kick-off amid mixed Asian cues.
The 30-share index, after soaring 337 points to touch a high of 31,258.33 at the outset, let go of some gains and traded at 31,201.48, up 279.87 points, or 0.91 percent after moving in range of 31,258.33-31,017.11. FMCG, metal, consumer durables, realty and auto stocks went higher by up to 7 percent.
The gauge had rallied 87.29 points in the previous two sessions.
The NSE index Nifty recaptured the 9,600 level by surging 91.85 points, or 0.96 percent, to 9,612.75.
Investors remained optimistic of the GST rollout on July 1 as they felt that the sweeping tax reform will give huge momentum to the country's economy and tempt global businesses to invest here, traders said.
Hong Kong's Hang Seng was up 0.08 percent and Japan's Nikkei rose 0.13 percent in early trade today. Shanghai Composite, however, came down 0.17 percent.
The US Dow Jones Industrial Average ended 0.29 percent higher on Friday.
With Agency Inputs
