Sensex, Nifty inch up on GST relief

Wide fluctuations prevailed in the

stock market today before key indices Sensex and Nifty closed

with measly gains, with institutional investors lending all-

crucial support.

The GST Council last week offered relief to exporters and

small and medium businesses. Caution prevailed as earnings

season for the September quarter kicks off this week, traders

said.

The 30-share Sensex rallied to the day's high of

31,935.63, but slipped before ending up 32.67 points -- or

0.10 per cent -- at 31,846.89. Much of the selling was an

outcome of a rush to book profit. The gauge had gained 222

points on Friday.

The NSE 50-share after reclaiming the crucial 10,000-

mark slipped back to close up 9.05 points, or 0.09 per cent,

at 9,988.75. Intra-day, also touched a low of 9,959.45.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)