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.

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