Key benchmark indices extended gains in mid-trade. At 12:10 pm, the S&P BSE Sensex, was up 181.74 points or 0.63% at 29,014.19. The Nifty50 index was up 50.00 points or 0.57% at 8,948.45.
The Market response was optimistic as the GST Council, in its meeting held on Saturday, 4 March 2017, sanctioned the draft Central Goods and Service Tax (CGST) Bill and the draft Integrated Goods & Service Tax (GST) Bill.
Reliance extended its early gains and is trading at Rs 1,302 per share, up by 3.5%. Reliance stock is the biggest contributor to the BSE Energy index gains.
Buying activity is visible in Capital Goods, Metal, Pharma, Auto stocks, whereas IT, Consumer Durables are showing weakness on BSE. IndusInd Bank, Power Grid, Asian Paints & NTPC are among the gainers, whereas Idea, Grasim, Aurobindo Pharma, TCS and Infosys are laggards on NSE.
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