GST hopes buoy markets; Sensex gains 184 points

Mumbai, Nov 27 (IANS) The central government’s efforts to get a key economic legislation passed during the winter session of parliament cheered the Indian equity markets on Friday.

Initially, both the bellwether indices of the Indian equity markets opened on a higher note, supported by hopes of a stimulus package in the European Union.

A better-than-expected roll-over rate after Thursday’s derivatives expiry also supported market gains.

However, the initial gains were capped over concerns regarding the output of the winter session of parliament and weakening rupee.

The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) provisionally closed the day’s trade up 184 points or 0.71 percent.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) made gains during Friday’s trade session. It provisionally closed higher by 63 points or 0.80 percent at 7,946.75 points.

The S&P BSE Sensex, which opened at 26,003.20 points, provisionally closed at 26,142.24 points (at 3.30 p.m.) — 183.61 points or 0.71 percent up from the previous day’s close at 25,958.63 points.

The Sensex touched a high of 26,184.65 points and a low of 25,937.32 points during the intra-day trade.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here