Auto Stocks Drive Market Rally Amid GST Reform Optimism

Indian equities surged Monday as automobile stocks led a broad market rally following Prime Minister Narendra Modi's暗示重大商品及服务税改革. The Sensex climbed 0.99% to 81,393.62 while the Nifty advanced 1.14% to 24,912.00 in afternoon trading.

Maruti Suzuki spearheaded gains with an 8.76% leap to ₹14,069, with Hero MotoCorp紧随其后上涨6.16%. The sector's outperformance reflects growing anticipation for Diwali-season tax restructuring that could boost consumer demand.

Consumer giant Nestle India contributed to the rally with a 7.08% gain, while financial services firms Bajaj Finance and Bajaj Finserv ROSE 6.19% and 4.50% respectively. Tech stocks bucked the trend as Infosys and Tech Mahindra fell over 1% amid sector rotation.

Market breadth remained strongly positive with 2,516 advancing stocks versus 1,486 decliners on the BSE. The rally demonstrates how policy expectations can override global macro concerns in emerging markets.