Sensex up 77 points on GST bonanza; FMCG stocks lead

Stock benchmark indices BSE Sensex and NSE’s Nifty 50 opened higher on Monday as ongoing June quarter earnings season continue to support investor sentiment.

BSE Sensex rises over 70 points, while the Nifty 50 trades above 11,000.

The rupee strengthened against the US dollar, tracking gains in local equity and Asian currencies.

Asian stocks declined on fears of more protectionist measures from US while the dollar declined against major currencies after US President Donald Trump criticised the Federal Reserve’s tightening policy.