Stock Market (Social media)
Business News:The Indian stock market started the week with strong momentum on Monday. By around 10 a.m., the Sensex had climbed more than 1,100 points to 81,744, while the Nifty moved above 25,000, trading at 25,014 after a gain of 383 points. This sharp rise has sparked optimism among investors across sectors.
One of the biggest reasons behind the market surge is the government’s plan to introduce major reforms in the Goods and Services Tax (GST). Prime Minister Narendra Modi hinted at restructuring the current system of four tax slabs and reducing it to just two—5% and 18%.
The proposal also includes removing the highest 28% slab and merging it with a lower rate, possibly 12%. If implemented, this would significantly benefit industries like automobiles and cement, which currently pay some of the heaviest tax rates. The possibility of cheaper costs and better demand has encouraged investors to bet big on these sectors.
Another factor lifting market mood is the sovereign credit rating upgrade by S&P Global Ratings. For the first time since 2007, India’s long-term rating was raised from ‘BBB-’ to ‘BBB.’
This step signals growing global trust in India’s economic stability and growth prospects. A higher credit rating often draws more foreign investment, and markets responded quickly to the news.
The upgrade did not stop at the sovereign level. Ten leading Indian financial institutions also received better ratings. These include State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Union Bank, Indian Bank, Bajaj Finance, Tata Capital, and L&T Finance.
With stronger ratings, these firms are expected to borrow at lower costs and expand their operations more efficiently. This adds another layer of confidence for investors in the banking and finance space.
Technical indicators are also hinting at further growth. Analysts believe the upward rally is not a short-term event but part of a larger bullish trend already in motion. Many expect the Sensex and Nifty to set new records if reforms and global sentiment remain supportive.
Between domestic policy reforms and international recognition, Indian markets have found the right mix of energy. With both policy and ratings in its favor, investors are now looking ahead with greater confidence, expecting sustained gains in the coming weeks.
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