Markets gain ahead of GST meet; broader markets outperform

Broader market outperformed with BSE Midcap and BSE Smallcap up 0.65% and 1.03%, respectively

Benchmark indices recouped early losses with Sensex rising over 100 points and Nifty reclaiming 8,200 levels as investors eye the 2-day GST Council meet which starts later in the day. The council will meet the representatives of six crucial sectors, including IT, telecom, banking and insurance, to assess the implementation hurdles under the new GST regime.

Positive cues from Asian markets also aided the sentiment.

At 1:07 pm, the S&P BSE Sensex was trading at 26,663, up 73 points, while Nifty50 was ruling at 8,210, up 30 points.

Broader market continued to outperform the headline indices with