Friday, 19 May 2017

Sensex Opens 150 Pts Higher, Nifty Around 9500; ITC Up 5%

Benchmark indices witnessed a gap-up opening on Friday, following the negative previous session, as the Street cheered the rates for the new goods and services tax.

The Sensex was up 152.79 points at 30587.58, while the Nifty was up 40.40 points at 9469.85. The market breadth was healthy as 642 shares advanced against decline of 154 shares, while 37 shares were unchanged.

ITC was the biggest gainer, soaring 5 percent, as the GST rates sprung no surprises to the Street. This was followed by Hindustan Unilever, Bank of Baroda. Meanwhile, Asian Paints and Infosys witnessed some profit booking after Thursday’s rally and lost the most.

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