Continuing their bullish trend, domestic equity markets traded higher in the first half of trade on Friday after the Goods and Services Tax (GST) council set the stage for implementing GST by July 1 by clearing two supporting bills. US Federal Reserve’s decision to raise the interest rates gradually also strengthened the sentiments.
At 11.20 am, the broader Nifty crossed 9,200 mark for the first-time ever and traded at 9,167, up 15 points while the Sensex was trading at 29,706, up 116 points.
In the broader markets, BSE Midcap index declined 0.3 per cent while Smallcap index increased 0.1 per cent.
Among the BSE sectoral indices, FMCG index registered the biggest gain with a jump of 3.5 per cent while Telecom index became the top loser with a dip of 1.8 per cent.
On Thursday, the Sensex had closed 69 points higher at 29,586 and the Nifty had closed 69 points lower at 9,122.
Top gainers in the Sensex-30 pack: ITC (up 7.3 per cent), Lupin (up 0.8 per cent), Maruti Suzuki (up 0.8 per cent), Wipro (up 0.4 per cent) and Axis Bank (up 0.4 per cent).
Top losers in the Sensex-30 pack: Bharti Airtel (down 1.9 per cent), Bajaj Auto (down 1.2 per cent), ICICI Bank (down 1.1 per cent), SBI (down 1.1 per cent) and Gail (down 1.1 per cent).
In the global markets, Asian stocks were trading with mixed moves. China’s Shanghai Composite Index and Japan’s Nikkei 225 Index declined around 0.3 per cent each while Singapore’s Straits Times Index rose around 0.8 per cent, Hong Kong’s Hang Seng and Korea’s KOSPI rose around 0.3 per cent each.
Back home, the Rupee was trading 19 paise down at 65.66 against the US Dollar.