Mumbai: The market closed higher for the first time in last five sessions. In a big setback for the government's reform drive, the parliament's turbulent and largely unproductive monsoon session ended without the GST Bill getting passed.
The Sensex gained 37.27 points at 27549.53 and the Nifty rose 6.40 points to 8355.85. However, the broader markets underperforming.
The BSE Midcap lost 0.2 percent and Smallcap fell 0.8 percent. About 1053 shares advanced against 1800 shares declined on the BSE. M&M, Cipla, Lupin, Sun Pharma, Axis Bank and Tata Power rallied 2-4 percent. BPCL rose 1.75 percent ahead of Q1 earnings on Friday. However, Vedanta plunged 8.6 percent. Tata Steel and Hindalco were down 5-6 percent. Bharti Airtel, GAIL and NMDC lost 2-3 percent.
In the early trade, the Sensex is up 204.94 points or 0.7 percent at 27717.20, and the Nifty is up 58.50 points or 0.7 percent at 8407.95.
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