Sensex jumps over 1,000 points, Nifty tops 24,953.50 level buoyed by proposed GST reforms
GST
Dated:- 18-8-2025
PTI
Mumbai, Aug 18 (PTI) Benchmark indices Sensex and Nifty surged in early trade on Monday, buoyed by plans for big bang reforms in the GST regime by Diwali and S&P upgrading India's sovereign credit rating.
Auto, consumer discretionary and consumer durables stocks propelled the rally in the equity market.
The 30-share BSE Sensex jumped 1,021.93 points to 81,619.59 in early trade. The 50-share NSE Nifty surged 322.2 points to 24,953.50.
From the Sensex firms, Maruti, Bajaj Finance, Mahindra & Mahindra, UltraTech Cement, Trent and Bajaj Finserv were among the major gainers.
However, Larsen & Toubro, ITC, HCL Te
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s and services will be in the 5 per cent and 18 per cent tax slabs. Sectors like autos and cement, which are presently in the 28 per cent tax slabs, are expected to benefit. TVS Motors, Hero, Eicher, M&M and Maruti are likely to respond positively to the news. Insurance companies are also expected to benefit from the GST revision,” Vijayakumar added.
In Asian markets, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng traded in positive territory while South Korea's Kospi quoted lower.
The US markets ended mostly lower on Friday.
Global oil benchmark Brent crude dipped 0.05 per cent to USD 65.82 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,926.76 crore on Thursday, ac
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