Rally in banks helped the 50-share NSE Nifty end March series at record closing high on Thursday. Clearance to all four GST bills in the Lok Sabha also boosted market sentiment, raising hopes for timely implementation of GST with effect from July 1.
Overall it was a volatile session as traders rolled over their futures & options positions from March series to April series. The NSE Nifty gained 29.95 points at 9,173.75 while the BSE Sensex was up 115.99 points at 29,647.42, backed by HDFC Bank and Reliance Industries.
Experts maintained bullish stance on market, especially due to consistent progress towards likely implementation of GST from July 1 and after landslide victory of BJP in Uttar Pradesh.