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Sensex gains 222 points, Nifty ends at 9,979 as metal stocks rally

SI Reporter/New Delhi 06 Oct 17 | 03:34 PM

The benchmark indices ended higher on Friday with the Nifty50 settling above its crucial 9,950 mark, buoyed by a jump in Tata Steel on strong quarterly production numbers, while investors stayed cautious as Goods and Services Tax (GST) Council meeting went underway. 

The Council is likely to give a major relief to exporters as well as small and medium enterprises (SMEs).

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These segments have been affected the most by the new indirect tax regime, which has depressed the economic growth numbers in the first quarter of the current financial year because of destocking on account of uncertainties before the GST was introduced on July 1.

Overseas, Asian stocks rose on Friday and the dollar hit a seven-week peak, riding on economic optimism ahead of a US job report later in the day. European markets were also trading higher. 

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Sensex

Company Price Gain (%)
Bharti Airtel473.852.66
Lupin1,052.500.34
Infosys927.100.29
M & M1,374.450.23
Asian Paints1,180.200.02

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