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Indian Markets Poised for Rally on GST Overhaul Optimism
Indian Markets Poised for Rally on GST Overhaul Optimism
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BTCCSquare news:
Indian equities are set to open sharply higher as Prime Minister Narendra Modi's GST reform announcements buoy investor sentiment. The Nifty index is indicated to gain over 200 points at open, with Gift Nifty futures trading at 24,890.
The structural reforms address longstanding industry pain points including registration issues, inverted tax structures, and classification disputes. 'This marks a true GST 2.0 exercise,' noted Karthik Mani of BDO India, highlighting potential rate rationalization and slab reductions.
Market momentum may shift toward beaten-down stocks despite lingering concerns over US tariff pressures. The rally comes alongside S&P's recent upgrade of India's sovereign rating, further fueling bullish sentiment.
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