Indian markets geared up for another positive session on Friday. Benchmarks, Sensex and Nifty, looked set to open the last trading session of the week in green.
The BSE Sensex began trading just under 81k, soaring nearly 300 points, while the NSE Nifty50 opened the day at 24,819, clocking a gain of 85 points.
At 7:30 AM on Friday, GIFT Nifty futures were trading 53 points higher at 24,880. This uplift in the sentiment could be attributed to the GST reforms announced by Finance Minister Nirmala Sitharaman on Wednesday. The GST Council approved a major revamp, reducing slabs to just 5 per cent and 18 per cent from September 22, the first day of Navaratri. The move will make items ranging from roti, paratha, hair oil and ice creams to TVs cheaper, while personal health and life insurance premiums will now attract zero tax.
In the pre-open session, the Sensex climbed close to 300 points and crossed 81K, while the Nifty jumped 85 points and stood above 24,800, around 9:10 AM.
