Benchmark Sensex plowed past the 35,000 mark for the first time on Wednesday as the government's announcement of a reduction in additional borrowing turbo-charged the domestic stock market. As fiscal deficit worries eased, what pepped up mood was expectations of big changes in the Goods and Services Tax at the GST council's next meet on Thursday. The BSE Sensex closed higher by a sharp 311 points at 35,082 while the NSE Nifty index settled up 88 points at 10,788. The government lowered the additional borrowing requirement for the current fiscal to Rs 20,000 crore, from Rs 50,000 crore announced earlier.
Benchmark Sensex plowed past the 35,000 mark for the first time on Wednesday as the government's announcement of a reduction in additional borrowing turbo-charged the domestic stock market. As fiscal deficit worries eased, what pepped up mood was expectations of big changes in the Goods and Services Tax at the GST council's next meet on Thursday. The BSE Sensex closed higher by a sharp 311 points at 35,082 while the NSE Nifty index settled up 88 points at 10,788. The government lowered the additional borrowing requirement for the current fiscal to Rs 20,000 crore, from Rs 50,000 crore announced earlier.
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