Stock markets rebound on record GST collections, positive manufacturing data; Sensex up 128 pts
Stock markets rebounded on Thursday with benchmark Sensex closing higher by 128 points as record GST collections in April, positive manufacturing data, and foreign fund inflows boosted investor sentiment.
The 30-share BSE Sensex climbed 128.33 points or 0.17 per cent to settle at 74,611.11 in a restricted trade. During the day, the index rose by 329.65 points or 0.44 per cent to a high of 74,812.43.
The NSE Nifty rose by 43.35 points or 0.19 per cent to 22,648.20 as 29 of its constituents advanced and 21 declined.
From the Sensex basket, Power Grid, Asian Paints, Tata Motors, Tata Steel, NTPC, Sun Pharma, Mahindra & Mahindra, HDFC Bank, Tata Consultancy Services and JSW Steel were among the major gainers.
