Sensex closes 300 points up, Nifty settles above 9600
The BSE Sensex and NSE Nifty were trading up on Monday as the investors hope that the newly started goods and services tax (GST) will reduce retail prices and increase sales.The BSE Sensex closed 300.01 points up at 31,221.62 while the NSE Nifty closed 94.10 points up at 9,615.00. The top three Sensex gainers were ITC (+5.70%), Heromotoco (+2.17%) and Maruti (+1.96%). The top three Sensex losers were NTPC (-1.17%), Kotak Bank (-0.72%) and Cipla (-0.60%). The top three Nifty gainers were Infratel (+6.26%), ITC (+5.92%) and Hindalco (+3.14%). The top three Nifty losers were HCL Tech (-1.30%), NTPC (-1.23%) and Sun Pharma (-0.85%).