Closing bell: Sensex rises by 222 points to 2-week high, Nifty above 9,950

The BSE benchmark recovered by 222.19 points, or 0.70 per cent, to end at over two-week high of 31,814.22 after fresh round of buying by participants ahead of
the outcome of the GST Council meet later in the day.

The 30-share index, which had lost 79.68 points in the previous session, shuttled between 31,844.28 and 31,632.81.

This is the highest closing since September 22 when it settled at 31,922.44.

The 50-share NSE Nifty too spurted by 91 points, or 0.92 per cent to close at
9,979.70. 

Expectations that the GST Council may provide some relief to exporters and small and medium enterprises (SMEs)in terms of faster refunds and compliance moved the market, brokers said.