Business – BSE Sensex rise to 63 points to 29,594.84 in early trade; LS approves four GST related legislation

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Mumbai, Mar 30: Today the BSE Sensex rose over 63 points to 29,594.84 in early trade after the Lok Sabha approved four legislation to give shape to the GST within short-covering in view of March series expiry. Brokers felt a sigh as the much-awaited tax reform, Goods and Services Tax (GST), inched closer to its July 1 roll-out date with the Lok Sabha approving four supplementary legislations yesterday. The 30-share index was trading higher by 63.41 points, or 0.21 percent, to 29,594.84. The gauge had gained 294.28 points in the previous two sessions. All the sectoral indices led by consumer durables, infrastructure, capital goods, PSU and realty were trading in the green, rising by 0.89 percent. The NSE Nifty too rose 10.70 points, or 0.11 percent, to 9,154.50 in early trade. Major gainers that supported the key indices were SBI, Adani Ports, Maruti Suzuki, Hero MotoCorp, RIL, L&T, Sun Pharma, ITC, TCS, Hind Unilever, Asian Paints and Bajaj Auto, gaining by upto 1.39 percent.

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