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Stock Market Opening News

The market on Monday opened in the green, with the Nifty reclaiming its 8900-mark on the back of positive cues from the GST Council meet.

The 30-share Sensex was up 94.50 points at 28926.95, while the Nifty was up 29.05 points at 8926.60.

The market breadth remained healthy with 662 shares having advanced, 177 shares having declined. Meanwhile, 44 shares are unchanged.

Coal India and Bharti Airtel were the top gainers on both the indices, while IT stocks Infosys and TCS were under pressure and were the top losers.

The Goods and Services Tax (GST) Council headed by Finance Minister Arun Jaitley on Saturday cleared the crucial Central GST (CGST) and Integrated GST (IGST) bills, as the country moved a step closer towards implementing its biggest tax reform from July 1. The Council will now meet on March 16 to clear the state GST law and the Union Territory GST law.

The Indian rupee opened marginally higher at 66.77 per dollar on Monday versus Friday’s close 66.81.