Stock market today, Sept. 8 -- Indian benchmark indices, Sensex and Nifty, opened higher on Monday, driven by sustained optimism following the GST Council's major tax cuts and supported by weak U.S. labor data, which strengthened expectations of a Federal Reserve rate cut.

The S&P BSE Sensex gained 160.81 points, or 0.20 per cent, at the open to 80,871.57, while the NSE Nifty 50 rose 49.95 points, or 0.20 per cent, to 24,790.95. By 9:35 AM, the Sensex was up 253 points, or 0.31 per cent, at 80,964, and the Nifty 50 climbed 83 points, or 0.34 per cent, to 24,824.

Last week, the Sensex and Nifty had gained 1.1 per cent and 1.3 per cent, respectively, after the GST Council reduced levies on essential goods to boost consumption.

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