Sensex climbs 180 points on GST hopes

Sensex, BSE
Sensex, BSE

Mumbai: The BSE benchmark Sensex recovered by over 180 points to 28,232.15 in early trade today 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 180.29 points or 0.64% to 28,232.15 with all the sectoral indices led by metal, infra, oil&gas, realty and auto, trading in positive zone, rising up to 1.17%.

Similarly, the broader NSE Nifty was quoting 58.00 points or 0.67% higher at 8,696.50.

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, brokers said.

A firming trend in the Asian region also influenced buying, they said.

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

The US Dow Jones Industrial Average ended 0.13% lower in Friday’s trade on on below-par growth data.

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