Sensex Soars Over 1,000 Points on GST Reform Hopes; Nifty Nears 25,000 Mark

Mumbai, August 18 (TNA) Indian share markets witnessed a strong rally on Monday. The BSE Sensex surged over 1,000 points, trading around 81,678, up approximately 1.34%. Similarly, the NSE Nifty 50 rose about 1.44%, crossing 24,987 levels.

The rally was driven by announcements of major upcoming GST reforms aimed at rationalising rates by Diwali 2025, as indicated by Prime Minister Narendra Modi, and the upgrade of India’s sovereign credit rating from ‘BBB-’ to ‘BBB’ with a stable outlook by S&P Global Ratings.

Key gainers included Hero MotoCorp (up 8%), Maruti Suzuki (up 6%), Bajaj Finance, Bajaj Auto, and M&M. Auto and consumer durables sectors showed significant strength, while financial stocks also gained following credit rating upgrades for several major banks.

Mid-cap and small-cap indices also closed higher by about 1% each. The sentiment was upbeat amid positive macroeconomic developments and the anticipation of tax reliefs and structural reforms.

Overall, investors showed confidence with broad-based buying across sectors, highlighting optimism for continued economic growth and reform-driven market expansion.