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Indian Equity Benchmarks Rally on Heavyweight Stocks and GST Reform Optimism
Indian Equity Benchmarks Rally on Heavyweight Stocks and GST Reform Optimism
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BTCCSquare news:
India's Sensex and Nifty 50 extended gains during mid-session trading, buoyed by strong performances from Reliance Industries and Tata Motors. The benchmark indices ROSE 0.51% and 0.45% respectively, with market breadth showing 1,904 advancing stocks against 921 decliners.
Sectoral performance was broadly positive, led by oil & gas, auto, and media stocks. Only pharma and healthcare sectors lagged. The rally reflects investor confidence fueled by anticipated GST reforms, a sovereign credit rating upgrade, and favorable global market conditions.
Sixty-five stocks hit 52-week highs, including marquee names like Maruti and Paytm, signaling robust market sentiment. The midcap and smallcap indices mirrored the uptrend, both gaining over 0.5%.
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