Mumbai: The BSE Sensex recovered by almost 67 points in early trade on Tuesday on fresh buying by investors and foreign funds buoyed by a pick up in infrastructure sector in June coupled with rising hopes of GST Bill passage this week.
The 30-share index rose 66.94 points or 0.23% to 28,070.06 with all the sectoral indices led by FMCG, capital goods, auto, healthcare and banking, advancing by up to 1.11 per cent. The gauge had lost 205.48 points in the previous two sessions.
The NSE Nifty also moved up by 11.80 points or 0.13% to 8,648.35.
Sentiment got a lift after infrastructure sector grew at 5.2% in June, fastest in two months, on the back of double digit growth in coal and cement sectors.
Brokers said a stronger possibility of passage of the long-pending GST Bill and sustained foreign fund inflows, influenced sentiments.
Meanwhile, the government on Monday listed the GST bill for consideration and passage in Rajya Sabha on Wednesday amidst strong indications that the most far-reaching taxation reform in independent India would be supported by Congress and all other major political parties.
At other Asian markets, Japan's Nikkei was quoting lower by 0.68%, while financial markets in Hong Kong are closed on Tuesday due to a typhoon.
The US Dow Jones Industrial Average ended 0.15 per cent down in Monday's trade.
Comments
0 comment