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GST reform, rating upgrade fuel rally in Indian equities
Mint Ahmedabad
|August 19, 2025
Uncertainty around the implementation of new GST tax rates may prompt customers to defer purchases
Benchmark indices edged higher on Monday as the proposed goods and services tax (GST) revamp lifted hopes of boosting domestic consumption. Adding to the momentum were India's sovereign ratings upgrade by S&P Global and a temporary relief for nations buying Russian oil.
The Nifty 50 index ended Monday at 24,876.95 points, up 1% or 245.65 points, its highest gain since 23 May. The Sensex closed 0.83% higher at 81,273.75 points.
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