Today Indian share markets finished the trading day on a firm note as the country moved a step closer to implementing a nationwide goods and services tax (GST) from 1st July.
The NSE Nifty gained 29.95 points at 9,173.75 while the BSE Sensex was up 115.99 points at 29,647.42.
Asian equity markets finished lower today with shares in China leading the region. The Shanghai Composite is down 0.96% while Japan’s Nikkei 225 is off 0.80% and Hong Kong’s Hang Seng is lower by 0.37%. European markets are mixed. The DAX is higher by 0.11%, while the FTSE 100 is leading the CAC 40 lower. They are down 0.04% and 0.03% respectively.
Meanwhile, the rupee was trading at Rs 64.93 against the US$ in the afternoon session. Oil prices were trading at US$ 49.41 at the time of writing.
The broader markets also gained momentum, with the BSE Midcap rising 0.4 percent and Smallcap up nearly a percent. About two shares gained for every share falling on the exchange.
HDFC Bank and Adani Ports were leading contributors to Sensex’ gains, up 2.51 percent and 5.77 percent on value buying, respectively.
Kotak Mahindra Bank gained 0.4 percent as the bank will raise up to approximately Rs 5,500 crore through issue of up to 6.2 crore equity shares.
Reliance Industries was up over a percent after the company completed sale of entire its 76 percent stake in Mauritius-incorporated Gulf Africa Petroleum Corporation to Total.
The rupee was trading at 64.93 per US dollar.
Top 5 Nifty Gainers: ADANIPORTS (6.23%), EICHERMOT (2.65%), GAIL (2.32%), HDFCBANK (2.20%) and INDUSINDBK (2.05%).
Top 5 Nifty Losers: IDEA (-1.80%), BHEL (-1.64%), COALINDIA (-1.53%), BOSCHLTD. (-1.51%) and TATASTEEL (-1.42%)
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