Market Rally on GST Reform : TheIndian stock marketwitnessed a powerful rally today as investors welcomed the historic GST reform announced by the government. The move, aimed at easing the tax burden on industries and boosting consumer sentiment, triggered strong buying across sectors, reflecting renewed optimism in the market.
Within hours of the announcement, the Sensex surged by nearly 800 points, while the Nifty edged closer to the 25,000 mark, signaling strong confidence among investors. Market experts believe that this reform has injected fresh energy into the economy, assuring both corporates and the common man of smoother tax compliance and reduced costs.
According to market data, 1,986 stocks were trading in the green zone, highlighting the broad-based rally across sectors. On the other hand, around 350 stocks slipped into the red, while 58 stocks remained unchanged, showcasing a balanced yet bullish market trend.
Relief for Businesses and Consumers
The new GST reform is being seen as a major relief for industrialists and manufacturers, as it simplifies taxation and reduces the cascading effect of multiple levies. At the same time, common citizens are expected to benefit from lower prices on essential goods and services, boosting purchasing power and household savings.
Expert Take
Financial analysts believe that the reform will increase India’s global competitiveness, attract foreign investments, and improve the ease of doing business. Moreover, the surge in market indices reflects investor confidence that these changes will translate into long-term economic growth.
The historic GST reform has proven to be a game-changer, not only for businesses but also for the stock market. With Sensex rallying nearly 800 points and Nifty eyeing the 25,000 milestone, the reforms have set a positive tone for India’s financial markets and economic future.
