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1-min read

Sensex Opens With Gains, Nifty Trades Positive Too

The 30-share index rose 67.10 points, or 0.21 percent, to 31,881.32. The gauge had soared 222 points in the previous session on Friday.

PTI

Updated:October 9, 2017, 10:13 AM IST
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Sensex Opens With Gains, Nifty Trades Positive Too
Representative image.
Mumbai: The Sensex on Monday opened strong, taking a cue from the GST Council offering relief to exporters and SMEs.

The Council last week made some sweeping changes to give relief to small and medium businesses. It also slashed tax rates on more than two dozen items.

Asian markets traded both ways.

The 30-share index rose 67.10 points, or 0.21 percent, to 31,881.32. The gauge had soared 222 points in the previous session on Friday.

Sectoral indices took strength from consumer durables, FMCG, healthcare and auto stocks, trading higher by up to 2.12 percent.

The NSE index Nifty too edged higher by 10.10 points, or 0.10 percent, to 9,989.80.

Besides, domestic institutional investors pumped in funds unabated.

The big gainers that supported the key indices include Tata Steel, Tata Motors, ICICI Bank and Coal India, rising by up to 1.63 per cent.

Shanghai Composite was up 1.18 percent while Hong Kong's Hang Seng shed 0.31 percent in early deals. Japanese financial markets are shut today for a pubic holiday.

US Dow Jones Industrial Average ended marginally lower by 0.01 percent on Friday.
| Edited by: Bijaya Das
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