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.
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