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Sensex up over 200 points to touch new-high; Nifty strong on GST hopes

The crucial GST bill will be up for consideration in the Rajya Sabha on Tuesday.

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Sensex up over 200 points to touch new-high; Nifty strong on GST hopes
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The BSE benchmark Sensex recovered by over 200 points to 28,262.41 in early trade on Monday buoyed by firm Asian cues and optimistic buying by funds and retailers amid rising hopes of GST law passage this week.

The 30-share index, which had lost 156.76 points in the previous session, rebounded in early trade to touch a new high, with all the sectoral indices led by metal, infra, oil&gas, realty and auto, trading in positive zone, rising up to 1.17%. 

Similarly, the broader 50-share NSE Nifty crossed 8,700, and was trading at 8,708.40 up 69.90 or 0.81% from Friday's session.

Buying activity picked up as investors indulged in widening their bets after the government listed the much-awaited GST bill for consideration and passage in Rajya Sabha's agenda for Tuesday, brokers said.

A firming trend in the Asian region also influenced buying, they said. 

Hong Kong's Hang Seng was up 1.29%, while Japan's Nikkei rose 0.49% in early trade today. Shanghai Composite Index, however, fell 1.30%. 

The US Dow Jones Industrial Average ended 0.13% lower in Friday's trade on on below-par growth data. 

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