Nifty Posts Biggest 1-Day Gain in a Month, Ends Above 7,800

The Nifty bounced back to post its biggest single-day percentage gain in a month on local media reports that the government would discuss a roadmap to roll out the proposed goods and services tax (GST) next month.

The government plans to implement GST, India's most ambitious tax reform in decades, from April 1 next year.

The Nifty gained 0.57 percent, marking its biggest single-day percentage gain since October 16.

The Sensex ended 0.58 percent higher, recording its biggest percentage gain in a day since October 23.