Nifty at record high, Sensex up 116 points on GST push

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With optimism surrounding the Goods and Services Tax (GST) Bill amid capital inflows, the benchmark Nifty closed at an all-time high of 9,173.75 while the Sensex rose for the third straight session on Thursday.

The 50-share NSE Nifty edged higher by 29.95 points, or 0.33 per cent to a record closing of 9,173.75 after hovering between 9,183.15 and 9,136.35. This is Nifty’s highest closing since March 17, when it had ended at 9,160.05. The 30-share Sensex, after touching the day’s high of 29,684.54, succumbed to profit-booking and hit a low of 29,521.65 before settling 115.99 points, or 0.39 per cent higher at 29,647.42. The index had gained 294.28 points in the previous two sessions.

 Read All About GST from Beginning

The Lok Sabha has cleared four GST legislation to pave the way for the rollout of the new indirect tax regime from July 1, boosting market sentiment.

The Indian Express, 31 March 2017

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