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Sensex, Nifty edge up ahead of GST, but post 1st monthly loss this year
June 30, 2017 / 7:42 AM / in 6 months

Sensex, Nifty edge up ahead of GST, but post 1st monthly loss this year

(Reuters) - Indian shares erased early losses and ended higher on Friday as some consumer goods firms expected to benefit from the launch of a unified goods and services tax gained, offsetting declines in sectors such as autos that would be hit.

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, India, February 17, 2016. REUTERS/Shailesh Andrade/Files

But the indexes still posted their first monthly loss this year as a record-setting rally cooled.

The broader NSE Nifty closed up 0.18 percent at 9,520.90, but lost 1.04 percent for the month. It declined 0.56 percent this week, its third consecutive weekly loss.

The benchmark BSE Sensex ended 0.21 percent higher at 30,921.61 but posted a weekly loss of 0.70 percent and a monthly loss of 0.72 percent.

Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Gopakumar Warrier

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