November 16, 2015 / 8:59 AM / 2 years ago

Nifty posts biggest single-day percentage gain in a month

MUMBAI (Reuters) - The Nifty bounced back to post its biggest single-day percentage gain in a month on local media reports that the government would discuss a roadmap to roll out the proposed goods and services tax (GST) next month.

A broker monitors share prices while trading at a brokerage firm in Mumbai August 22, 2013. REUTERS/Danish Siddiqui/Files

The government plans to implement GST, India’s most ambitious tax reform in decades, from April 1 next year.

The Nifty gained 0.57 percent, marking its biggest single-day percentage gain since Oct.16.

The Sensex ended 0.58 percent higher, recording its biggest percentage gain in a day since Oct. 23.

Reporting by Karen Rebelo in Mumbai; Editing by Gopakumar Warrier

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