Sensex closes above 36,700 for first time after GST rate cuts
India's benchmark index Sensex closed above 36,700 for the first time on Monday led by gains in FMCG and consumer durable stocks. The GST Council on Saturday cut rates on over 50 goods including refrigerators, televisions, footwear and paints. Sensex rose 222 points to close at an all-time high of 36,718.6 while the Nifty ended 74 points higher at 11,084.75.