Indian Markets Surge on GST Reforms

  Published 9 months ago

Indian shares rose as GST cuts, tax relief, and lower oil prices boosted the consumption outlook.

  • Nifty rose 1% and Sensex gained 0.84%, led by auto and consumer stocks.
  • Government plans two GST slabs of 5% and 18%, replacing the current four-rate system.
  • Auto, FMCG sectors surged; Maruti Suzuki and Hero MotoCorp reported strong single-day percentage gains.

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