Markets continue to trade higher in noon trade: ITC top gainer, up 4%

Benchmark indices continues trading higher in noon trade following mixed cues as global markets trade positive in the early-morning deals. Investors shrugged off a weekend missile test by North Korea that raised further concerns on its ability to deliver a nuclear warhead.
Street also reacted positively to the GST rates announced on Friday. Most rates fall under 18% category which mostly won’t pinch the common man. “The effective tax incidence is set to decline,” said Union Finance Minister Arun Jaitley. 

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At 12:03 pm, the S&P BSE Sensex was trading at 30,605, up 140 points, while the broader Nifty50 was ruling at 9,457, up 2. The broader markets enderperformed benchmark indices with the S&P BSE Midcap index and S&P BSE Smallcap down 0.3% and 0.1% respectively.

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