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Benchmark indices on Friday extended their previous day’s rally, with NSE Nifty breaching a record high of 9200 at the opening session, post the clearance of all five laws by the GST Council. Nifty opened at 9207.80 mark, up by 54.10 points or 0.59%; while Sensex moved over 200 points in opening trade but soon after pared its gains, wherein the benchmark index was trading at 29,708.51 levels, up by 122 points.
ITC, Wipro, Aurobindo Pharma, Tata Steel and Lupin were trading in the range of 0.5% to 3.8% in the Nifty50 index. Sector wise, BSE FMCG, Power and Metal indices were trading up by 2%, 0.3% and 0.7% respectively. ITC rallied over 6%, and is the top Sensex gainer in the opening session, heavily contributing to the index gains.
While, the Indian rupee opened marginally lower at 65.45 per dollar today against previous close of 65.41. On Thursday, Finance Minister Arun Jaitley-headed GST Council cleared the two crucial bills, Union Territory GST (UTGST) and State GST (SGST), leading the barometer indices to extend their rally and hit fresh all time highs.
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