Sensex jumps 676 pts, Nifty up 1 pc as GST reform bid sparks rally
GST
Dated:- 18-8-2025
PTI
Mumbai, Aug 18 (PTI) Stock markets rose sharply on Monday, with Sensex closing higher by 676 points and Nifty climbing 1 per cent on heavy buying in auto and consumer durables stocks, buoyed by plans for big bang reforms in the GST regime by Diwali.
The 30-share BSE Sensex jumped 676.09 points or 0.84 per cent to settle at 81,273.75. During the day, it zoomed by 1,168.11 points or 1.44 per cent to 81,765.77.
The 50-share NSE Nifty climbed 245.65 points or 1 per cent to end at 24,876.95. Intra-day, it surged 390.7 points or 1.58 per cent to 25,022.
Global rating agency S&P upgrading India's sovereign credit rating also boosted the s
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ministerial panel on August 20 and 21 in the national capital, according to sources.
Prime Minister Narendra Modi had announced the proposal to reform the GST law in his Independence Day speech on August 15 from the ramparts of the Red Fort.
In Asian markets, Japan's Nikkei 225 index and Shanghai's SSE Composite index settled in positive territory while South Korea's Kospi and Hong Kong's Hang Seng ended lower.
European markets were trading in negative territory.
The US markets ended mostly lower on Friday.
Global oil benchmark Brent crude climbed 0.62 per cent up to USD 66.25 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,926.76 crore on Thursday, according to exchange data.
On Thursday, the Se
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