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Sensex breaches 28,000-mark; up over 150 points on GST hopes

The Sensex reclaimed the psychological 28,000-mark by recovering over 150 points in early trade Monday on sustained buying by foreign funds and retail investors amid hopes that the GST Bill may be passed in the monsoon session of Parliament.


Sensex breaches 28,000-mark; up over 150 points on GST hopes

Zee Media Bureau

The Sensex reclaimed the psychological 28,000-mark by recovering over 150 points in early trade Monday on sustained buying by foreign funds and retail investors amid hopes that the GST Bill may be passed in the monsoon session of Parliament.

The 30-share index, which had lost 105.61 points in the previous session, last quoted 132.88 points or 0.48 percent higher to 27,969.38.

Similarly, the broader NSE Nifty was quoting 31.65 points or 0.37 percent higher at 8,573.05.

Shares of Reliance Industries today rose by nearly 3 percent after the company reported a bigger-than-expected 18 per cent jump in June quarter profit. After a positive opening, shares of the company went up further by 2.61 percent to Rs 1,039 on BSE. At NSE, shares of the company rose by 2.62 per cent to Rs 1,038.75.

Reliance Industries had on Friday reported a bigger-than- expected 18 percent jump in June quarter net profit on account of highest refining margin in eight years and robust petrochemical earnings.

In Asia, Hong Kong's Hang Seng was up 0.16 percent in early trade today, while Japan's markets are closed for a holiday. Shanghai Composite Index, however, fell 0.11 percent.

The US Dow Jones Industrial Average ended 0.05 percent higher in Friday's trade.

 

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