The Indian stock market clocked healthy gains on Monday, August 18, boosted by a confluence of domestic and global factors.
While Prime Minister Narendra Modi’s announcement on GST reforms was a key catalyst boosting market sentiment, expectations of relief on the US tariff front, S&P Global’s upgrade of India’s credit rating, and optimism over a possible end to the Russia-Ukraine war further added to the bullish mood.
The Sensex jumped over 1,100 points during the session but ended 676 points, or 0.84 per cent, higher at 81,273.75. The Nifty 50 closed the day at 24,876.95, rising 246 points, or 1 per cent. The BSE Midcap and Smallcap indices rose 1 per cent and 1.39 per cent, respectively.
Investors earn about ₹6 lakh crore in a day as the market capitalisation of the firms listed on the BSE rose to ₹451 lakh crore from ₹445 lakh crore in the previous session.
(This is a developing story. Please check back for fresh updates.)
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