Nifty-Sensex Today, GST council tax slabs: The BSE’s Sensex surged 1.01 per cent, or 888.96 points, to open at 81,456.67, compared to the previous close of 80,567.71. The broader Nifty rose 1.07 per cent, or 265.7 points, to open at 24,980.75.
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Sensex, Nifty Jump 1% on GST Two-Slab Reform
The domestic benchmark equity indices, Sensex and Nifty, surged over one per cent each on Thursday after investors’ sentiment improved following the GST Council’s major reform of the eight-year-old indirect tax system. Chaired by Finance Minister Nirmala Sitharaman, the GST Council scrapped the earlier multiple tax rates of 5 per cent, 12 per cent, 18 per cent, and 28 per cent, replacing them with a simplified two-slab structure of 5 per cent and 18 per cent. Officials said the overhaul aims to boost domestic demand and provide stability at a time of global economic uncertainty.
Following the announcement, market indices reacted positively. The BSE Sensex jumped 1.01 per cent, or 888.96 points, to open at 81,456.67, compared to its previous close of 80,567.71. Similarly, the broader NSE Nifty climbed 1.07 per cent, or 265.7 points, to open at 24,980.75.Market experts noted that the rationalisation of GST slabs would ease compliance, lower costs for several industries, and enhance consumption in the domestic market. They also highlighted that such reforms could strengthen India’s position as a resilient economy amid global slowdowns and inflationary pressures.
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GST Reform Spurs Consumer Gains, Sector Rally; Experts See Autos Leading
Geojit’s Chief Investment Strategist V. K. Vijayakumar said the GST reform has exceeded expectations, benefitting a wide range of sectors. He noted that Indian consumers will gain from lower prices, which could trigger a stronger-than-expected consumption boost in an already growing economy.
He added that stocks in automobiles, FMCG, white goods, cement, and insurance are likely to attract bullish momentum, with autos expected to outperform. Vijayakumar also pointed out that short covering could drive prices even higher.Nilesh Shah, Managing Director of Kotak Mahindra AMC, observed that GST rationalisation will help cushion the negative impact of U.S. tariffs in the coming quarters.
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