The key equity indices Sensex and Nifty opened marginally higher on Monday and extended the gains following the recent ease in tax slabs under the GST regime on Friday. The government lowered taxes on as many as 27 goods and services in the third GST Council meeting after implementation of Goods and Services. The benchmark Sensex jumped 98 points to breach 31,900-level at 31,912 points while the broader Nifty advanced 26 points to cross the 10,000-mark at 10,006.45 points. BSE Sensex gained 48 points to open at 31,862.2 points and NSE Nifty added 16 points to start at 9,996.3 points.

Mumbai, Oct 07 () Stocks: Stocks finished higher for the week, snapping its previous two consecutive losses, the benchmark Sensex rallied 530.50 to close 31,814.22, while the broader Nifty regained the crucial 9,900-level to finish at 9,979.70 as all indices regained the lost sparkle.

The holiday-shortened week saw the market winning on positive vibes kindled by RBI policy outcome, positive macroeconomic datas release and firmness in global stocks.

Sensex surged over 130 points in the opening session on Friday, as oil and banking shares took the middle stage.

The broader NSE Nifty also reclaimed the 9,900-mark. Expectations built up that today's meeting of the GST Council may provide some relief to exporters and SMEs in terms of faster refunds and compliance.

Key indices on Thursday were back in red after opening on a positive note. At 10:48 AM, Sensex was down 0.04% to reach at 31,659.28, Nifty on other hand also was down by 0.04% to trade at 9,910.80 mark.

Mahindra and Mahindra, HUL and Reliance were the top gainers, while NTPC, Wipro, Bharti Infratel and Tata Motors lost the most in early trade. Domestic institutional investors (DIIs) bought shares net Rs 584.88 crore while foreign portfolio investors (FPIs) dumped equities of Rs 632.14 crore yesterday, showed provisional data.

Sensex and Nifty opened marginally higher on Wednesday, later extended the morning gains in a muted trade activity as the attention of market participants shifts to the outcome of the Reserve Bank of India’s bi-monthly monetary policy. BSE Sensex gained 25 points to open at 31,522.17 points and NSE Nifty too added 25 points to open at 9,884.35 points. Meanwhile, Japanese shares jumped in the early trade on Wednesday led by auto stocks as US demand for cars rose following damage from recent hurricanes. The benchmark Sensex shuttled in the range of 31,457.78-31,619.82 points till the early morning trade while the broader Nifty 50 rose 41 points to hit 9,900.75 points.

Reliance Communications (RCom) hit a record low of Rs 17.45, down 9% on BSE in early morning trade, after the company said that it has called off its merger with Aircel, owned by Maxis of Malaysia. The stock surpassed its previous low of Rs 17.80 touched on June 14, 2017 on BSE in intra-day trade.

“Legal and regulatory uncertainties, and various interventions by vested interests, have caused inordinate delays in receipt of relevant approvals for the proposed transaction,” RCom said in a statement.

SBI Life Insurance Company made a quite debut by listing at Rs 735, a 5% premium against its initial public offer (IPO) price of Rs 700 per share on the National Stock Exchange (NSE).

At 10:02 AM; the stock was trading at Rs 734 on the NSE. It hit a high of Rs 740 and low of Rs 730 so far. A combined 11.5 million shares exchanged hands on the NSE and BSE.

Tata Motors surged 7% to Rs 428 on BSE in early morning trade after the company reported a strong 25% increase in domestic sales at 53,965 units in September. The company had sold 43,031 units in September 2016. The stock recorded its sharpest intra-day gain since November 8, 2016, when it rose 6.9% in intra-day trade.

“This is at the back of growing festive demand across segments, increased positive customer sentiments, introduction of new products and strong customer engagement initiatives,” Tata Motors said in a statement.

Key indices opened on slightly positive note on Friday tracking positive trade in Asian markets, which witnessed some respite after a tough week.

The 30-share BSE Sensex was up 97.09 points at 31,379.57 and the 50-share NSE Nifty gained 39.30 points at 9,808.25. The October derivatives series got off the ground on a solid footing.

The Sensex rose 198 points and the Nifty recaptured the 9,900 mark in the opening trade today after buying in realty, oil and gas and banking stocks took a high speed up.

The BSE 30-share barometer went up 197.70 points, or 0.62 per cent, to 31,797.46. The gauge had lost 824 points in the previous six sessions, in line with a general weakness across the globe fuelled by escalating worries related to North Korea.

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