Sensex surges 222 points

CHENNAI, Oct 6: The benchmark BSE Sensex ended higher by over 220 points due to fresh buying by participants on Friday ahead of the GST Council meeting, reports The Hindu Business Line.

The GST Council meeting, which was due to be held later in the day, might come up with an announcement of a special package for micro, small and medium enterprises that will, among other things, address the concerns of exporters.

The 30-share BSE index Sensex ended higher by 222.19 points or 0.7 at 31,814.22 and the 50-share NSE index Nifty closed up 91 points or 0.92 per cent at 9,979.70.

All BSE sectoral indices ended in the positive zone. Among them, metal index gained the most by 3.14 per cent, followed by oil & gas 2.09 per cent, PSU 1.81 per cent and infrastructure 1.38 per cent.

Top five Sensex gainers were Tata Steel (+4.73%), Sun Pharma (+3.19%), NTPC (+2.72%), State Bank of India (+2.11%) and HUL (+1.85%), while the major losers were Hero MotoCorp (-1.42%), Dr Reddy's (-0.4%), HDFC (-0.38%), PowerGrid (-0.02%) and HDFC Bank (-0.01%).