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GST reform, upgrade by S&P spur equity mkt
Mint Chennai
|August 19, 2025
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 at 24,876.95 points, up 1% or 245.65 points, its highest gain since 23 May. The Sensex closed 0.8% up at 81,273.75.
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