Sensex extends gains, up 87 points in early trade
Mumbai: The benchmark Sensex at Bombay Stock Exchange gained over 87 points in early trade on Monday on mild buying by funds and investors amid robust global trends coupled with positive domestic sentiments after the introduction of GST Bill in the Lok Sabha, the lower house of Parliament, on Friday.
Rising for the third straight day, the 30-share index, which had gained 661.71 points in past two sessions, rose by 87.28 points, or 0.32 per cent, to 27,459.12 with stocks of metal, FMCG, capital goods and realty sectors leading the rise.
The National Stock Exchange index Nifty also moved up by 18.10 points, or 0.22 per cent, to 8,243.30.
Brokers said sentiments were boosted by continued buying by funds and investors on hopes of acceleration in economic reforms after the much-awaited GST Bill, which provides for an overhaul of the taxation system, was introduced in the Lok Sabha on Friday.
Among other Asian markets, Kong’s Hang Seng index rose 0.80 per cent while Japan’s Nikkei moved up 0.36 per cent in early trade.
The US Dow Jones Industrial Average ended 0.15 per cent higher in Friday’s trade.