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Thursday, 30 March 2017

Sensex closes up 116 points, Nifty 0.33% higher as realty stocks rise

The BSE Sensex closed 116 points higher on Thursday after the country moved a step closer to implementing a nationwide GST from July. Four bills related to GST, were passed by the lower house of parliament. The new sales tax regime will subsume a slew of central and state levies, transforming a nation of more than 1.2 billion population into a single market. 

Broader market gains were capped due to caution ahead of the expiration of March F&O later in the day. The BSE Sensex gained 116 points at 29,647.42 while the NSE Nifty closed up 29.95 points at 9,173.75. 

About 1731 shares advanced, 987 shares declined, atotal of 229 shares were unchanged on the BSE. 

Adani Ports & Special Economic Zone (APSEZ) were the top gainer on Sensex and Nifty. The stock rushed 6% to hit its fresh 52 week’s high of Rs. 339 on the BSE.  Asian shares turned lower today after touching near 2-year highs. 

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