The BSE Sensex and Nifty rose on Thursday, helped by the cabinet’s approval of a bill on a nationwide goods and services tax (GST) and tracking a rally in Asian peers.
Gains also tracked a rally in Asian shares after U.S. stocks enjoy their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus.
The 30-share Sensex rose 1.02 percent while the Nifty gained 0.93 percent as of 11 a.m. Both indexes were heading towards snapping their five-day losing streak.
Blue chips led the gains.
ICICI Bank was up 2.4 percent while Larsen and Toubro gained 1.1 percent.
ITCgained 0.5 percent on reports that tobacco was included in GST.
Gains also tracked a rally in Asian shares after U.S. stocks enjoy their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus.
The 30-share Sensex rose 1.02 percent while the Nifty gained 0.93 percent as of 11 a.m. Both indexes were heading towards snapping their five-day losing streak.
Blue chips led the gains.
ICICI Bank was up 2.4 percent while Larsen and Toubro gained 1.1 percent.
ITCgained 0.5 percent on reports that tobacco was included in GST.
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