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GST 2.0 Reforms Ignite Market Rally as Nifty Nears 25,000
GST 2.0 Reforms Ignite Market Rally as Nifty Nears 25,000
22
2
BTCCSquare news:
Indian equities surged at the open as the GST Council's sweeping tax reforms fueled bullish sentiment across sectors. The Nifty 50 climbed 0.8% to 24,913.35 while the Sensex advanced 0.83% to 81,233.14, propelled by expectations of festive-season consumption growth.
Mahindra & Mahindra led gainers with a 6.48% jump, followed by Bajaj Financial Services' 4.84% rise. The reforms introduce a 40% luxury tax tier while cutting rates on essentials—a structural shift analysts call "fiscally manageable" despite the ₹48,000 crore stimulus.
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