The Nifty50 hit a fresh record high on Friday to open above 9,200-mark for the first time ever after the The goods and services tax (GST) council cleared the two supporting Bills – State GST Bill and Union Territory GST (UTGST) Bill – setting the stage for implementing the landmark tax reform by July 01.
The Nifty index rose as much as 64 points to 9,218, surpassing its previous all-time high of 9,158 hit in the previous session. The S&P BSE Sensex, on the other hand, gained as much as 239 points to 29825. The 30-share index is over 200 points away from its lifetime high of 30,025, hit on March 2015.
At 09:41 am, the Sensex was trading at 29,723, up 137 points, while the broader Nifty50 was ruling at 9,179, up 25 points.
In the broader market, the BSE Midcap and BSE Smallcap indices also hit their respective record highs to gain 0.3% each.
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