Nifty reclaims 8,200 ahead of GST Council meet; Power Grid top gainer

The benchmark indices rebounded from day's lows but were still trading in a range as investors awaited the two-day GST (Goods and Services Tax) Council meeting, which begins later in the day.

At 11:07 am, the S&P BSE Sensex was trading at 26,650, up 55 points, while Nifty50 was ruling at 8,202, up 23 points.

Broader market outperformed the headline indices with BSE Midcap and BSE Smallcap gaining 0.7% and 0.9%, respectively.

"We maintain our optimistic stance on the market and expect the Nifty to move towards 8,229-8,274 in the forthcoming session. On the flipside, 8,133-8,100 are now likely to