Sensex up slightly as PM promises GST bill by next year
Among major gainers, ONGC rose by 2.6%, Gail by nearly 2%, and Vedanta Ltd by 1.5%. SBI, Infosys, HDFC and Maruti rose up to 1.3%.
The benchmark BSE Sensex gained over 34 points in opening trade on Wednesday on buying in oil, banking and IT stocks amid sustained foreign fund inflows. Sentiment also got a boost from Prime Minister Narendra Modi's statement that the Goods and Services Tax (GST) will be rolled out from next year, brokers said.
The 30-share index was trading higher by 34.16 points or 0.12% at 26,967.04 points in early trade.
The barometer had rallied 1,316.04 points in the previous five sessions.
Among major gainers, ONGC rose by 2.6%, Gail by nearly 2%, and Vedanta Ltd by 1.5%. SBI, Infosys, HDFC and Maruti rose up to 1.3%.
Also, the National Stock Exchange index Nifty edged higher by 5 points, or 0.06% at 8,157.90.
Among other Asian markets, Hong Kong's Hang Seng was up by 0.88%, while Japan's Nikkei shed 0.17% in early trade on Wednesday.
The US Dow Jones Industrial Average ended 0.08% higher on Tuesday's trade.