3/28/2017

Markets open higher, Nifty nears 9,100, Sensex extends gains with 180 pts surge


Equity benchmark indices on Tuesday opened higher note on positive cues from Asian market. At 10.15 am, the BSE Sensex, was up 134.32 points or 0.46% at 29,371.47. The Nifty50 index was currently up 47.35 points or 0.52% at 9,092.55. BSE Mid-Cap index was currently up 0.67%, while the Small-Cap index up 0.80%. Both these indices outperformed the Sensex. 

Axis Bank, ICICI Bank, Bharti Airtel and Tata Motors were among the top gainers on both the indices, while GAIL and ONGC were a drag. 

Finance Minister Arun Jaitley introduced the GST bills in the Parliament to roll it out across the country by July 1. The four Bills such as CGST, I-GST, UT-GST and compensation bill were tabled in the Lok Sabha and is to be taken up for discussion by the House tomorrow. 

US stocks turned down yesterday, 27 March 2017, since investors reassessed the prospects for Trump's pushy economic agenda after a Republican plan to revoke and replace Obamacare was scrapped last week.

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