GST 2.0: Sensex Points UP By 600, Nifty Rises By 200 Points
Dalal Street kicked off Thursday’s trade on a jubilant note as markets cheered the government’s sweeping GST 2.0 reforms. Both Nifty and Sensex opened nearly 1% higher, driven by strong buying in FMCG and auto counters after household essentials and vehicles turned cheaper under the new tax regime. A cooling India VIX further lifted investor sentiment, signalling renewed confidence on the Street.
Supported by positive global cues, the Nifty hovered around the 24,900 mark at open. At the opening bell, the Sensex climbed 585.37 points, or 0.73%, to 81,153.08, while the Nifty rose 170.85 points, or 0.69%, to 24,885.90. Market breadth remained strong, with 1,926 shares advancing, 439 declining, and 126 unchanged.
Among the top gainers on the Nifty were Bajaj Finance, Hindustan Unilever, Grasim Industries, Bajaj Finserv, and Trent. On the losing side, NTPC, Reliance Industries, Hindalco Industries, HCL Technologies, and ONGC came under pressure in early trade.
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