Sensex salutes GST with 300 points leap, Nifty50 tops 9,600

Domestic equity indices climbed up to 1 per cent on Monday on strong global cues and thanks to a sharp jump in shares of index heavyweight ITC. Data showed every two out of three BSE stocks that traded for the day ended higher, as investors welcomed the GST on an optimistic note, even though some analysts said the tax overhaul is going to hurt India Inc’s earnings in the short term.