Sensex climbs over 200 points, Nifty reclaims 8,700-mark on GST hopes

New Delhi: The BSE benchmark Sensex recovered by over 220 points in early trade Monday buoyed by firm Asian cues and optimistic buying by funds and retailers amid rising hopes of GST law passage this week.

The 30-share index, which had lost 156.76 points in the previous session, rebounded 220.09 points or 0.78 percent to 28,271.95 after moving in range of 28,284.85-28,077.42.

Similarly, the broader NSE Nifty was quoting 69.15 points or 0.80 percent higher at 8,707.65.

Buying activity picked up as investors indulged in widening their bets after the government listed the much-awaited GST bill for consideration and passage in Rajya Sabha’s agenda for this week.

A firming trend in the Asian region also influenced buying.

Hong Kong’s Hang Seng was up 1.29 percent, while Japan’s Nikkei rose 0.49 percent in early trade today. Shanghai Composite Index, however, fell 1.30 percent.

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Source:Zeenews

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