Stock Market Rally on GST Reform Prospects
Sensex jumps 676 points, Nifty tests 25,000 as government signals GST slab restructuring.
Markets surged on August 18 with the Sensex gaining 676 points and Nifty briefly crossing the 25,000 mark, fueled by investor optimism over potential GST reforms. Prime Minister Narendra Modi’s recent speech hinted at meaningful rationalization of GST rates by Diwali, especially benefiting autos, realty, and consumer durables sectors. Companies like Maruti saw share prices soar up to 9%. Overall, the rally was supported by positive macroeconomic signals and expectations of sectoral growth.
