Sensex stages rebound, rises 64 pts on eve of GST; Nifty50 settles above 9,500
By Himani Sahni
NEW DELHI: Domestic equity indices put up a tepid show on Friday, hitting a monthly low, but managed to end on a positive note ahead of the rollout of the country’s biggest tax reform, GST.
The BSE Sensex gained 64 points to end the session at 30,921 with shares of ITC (up 3.81 per cent), Sun Pharma (up 2.90 per cent), Cipla (up 1.88 per cent) and Tata Steel (up 1.74 per cent) being the top gainers.
Earlier, the 30-share pack opened at 30,824 against the previous close of 30,857.
In the broader market, BlueDart (up 7.96 per cent), Oberoi Realty (up 4.77 per cent) and India Hotels (up 4.49 per cent) lifted the S&P BSE Midcap index some 91.99 points to 14,644.
The S&P BSE Smallcap index gained 100 points to end the day at 15,410, with BL Kashyap, GVK, HEG, Vidhi Ing, gaining up to 18 per cent.
Among the sectoral indices, BSE FMCG index (up 2.24 per cent) was the top gainer, followed by the BSE Consumer Durables index (up 2.07 per cent).
The realty sector bled the most, with Indiabulls Real Estate (down 4.30 per cent) being a major drag.
The Nifty50 closed the session 16 points higher at 9,520 with Bank of Baroda (up 4.05 per cent) aiding the gains.
Among specific stocks, JSW Energy, Tata Coffee and Hero MotoCorp slipped up to 2 per cent amid fresh selling by investors as the stocks turned ex-dividend on Friday.
Shares of IndiGo owner InterGlobe Aviation declined over 5 per cent after the company expressed interest in buying a stake in Air India
On NSE, Central Depository Services (CDSL) made a stellar debut, as the scrip got listed at Rs 250, a 67.79 per cent premium over the issue price of Rs 149 per piece. The stock ended the day at Rs 260.70, up 4.28 per cent.
In China’s stock market, the blue-chip CSI300 index fell 0.1 per cent to 3,666, while the Shanghai Composite Index added 0.1 per cent to 3,192.
Japan’s Nikkei declined 0.9 per cent to hit a two-week low of 20,033.
European shares open weak and were on course to record their biggest monthly loss in a year. The pan-European STOXX 600 index rose 0.2 per cent while euro zone blue chips also inched higher, both recovering from earlier losses, while the UK’s FTSE100 fell 0.3 per cent, Reuters reported.
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Via:: Economic Times – Stocks