Thursday, 16 March 2017

Sensex holds morning gains; JSPL & Reliance Cap top midcap gainers

Equity benchmarks, as well as broader markets, continued to run up in noon on hopes of State GST and Union Territory GST bills getting cleared in GST Council meet later today. If it approved, then that would be another decisive step in the run up to the implementation of the overhauled tax regime from July 1. Final drafts of the three other bills — Integrated GST (IGST), Central GST (CGST) and Compensation bill — already cleared by the Council.

The 30-share BSE Sensex was up 114.60 points at 29,512.71 and the 50-share NSE Nifty gained 46 points at 9,130.80 while the broader markets extended rally, up nearly a percent on strong breadth.

Riyanshi

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