Sensex extends gains, Nifty regains 9,100; GST bill eyed

The benchmark indices gained ground after opening flat ahead of the GST bill being tabled in the Lok Sabha later today. Other Asian markets, however, were trading mixed in morning deals, after Wall Street declined as US lawmakers delayed a vote on a healthcare bill seen as US President Donald Trump's first policy test. At 09:45 am, the S&P BSE Sensex was trading at 29442 levels, up 117 points, while the broader Nifty50 was ruling at 9116, up 30 points. "We reiterate that the Nifty is likely to head towards 9,400-9,600 (price extension of previous up move from recent low of 7,893.80) over the next few weeks. Traders waiting for dips to initiate fresh longs post the UP election outcome should not get carried away by this pessimism. The chart structure remains positive as long as 8,850 remains unbroken on a closing basis," said brokerage Angel Broking in a technical note. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap added 0.2% and 0.3%, respectively. Commodity Trading Tips

GST bill to be tabled today

The Goods and Services Tax (GST) Bill is scheduled to be tabled in the Lok Sabha today. The Union Cabinet earlier on Monday gave its nod to four legislations of the much-awaited GST Bill namely the Central, State, Union Territory and Integrated GST, along with the Compensation Bill. Nifty Trading Tips

Global markets

Asian share markets and S&P 500 futures edged higher as investors dipped a toe back into risk trades after a week of wild swings in sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%, but was still a fraction lower for the week. Australia bounced back from a tough few days to be up 0.9% on the day. Japan's Nikkei added 0.9% encouraged by a slight softening in the yen. On Wall Street, the Dow Jones Industrial Average index edged 4.72 points, or 0.02% lower at 20,656.58. The S&P500 index fell 2.49 points, or 0.11% to 2,345.96. The Nasdaq Composite index declined 3.95 points, or 0.07% to 5,817.69. Future & Option Trading Tips