Indian Equities Rally on GST Relief and Fed Rate Cut Hopes; Auto and Metal Stocks Lead Gains

Domestic benchmark indices Sensex and Nifty 50 climbed sharply as investor sentiment improved following GST relief measures and growing expectations of a US Federal Reserve rate cut. The Sensex ROSE 361.83 points (0.45%) to 81,072.59, while the Nifty 50 gained 116.75 points (0.47%) to 24,857.75.

Auto and metal stocks drove the rally, with Tata Motors, Tata Steel, and JSW Steel posting significant advances. The midcap index outperformed smallcaps, while sectoral gains were led by auto (up 3%), followed by realty, metal, and banking. IT, consumer durables, and healthcare sectors lagged.

Market breadth remained firmly positive, with 1,912 stocks advancing against 1,011 declines. Corporate actions, including price cuts by Hyundai and Tata Motors, further bolstered confidence.