Stampede On Dalal Road: Bulls Run Wild As GST Reform Buzz And Rankings Improve Set Markets Ablaze | Economic system Information

New Delhi: Indian inventory markets surged at noon on Monday, August 18, powered by two vital catalysts fueling investor optimism:

GST Reforms Announcement: Prime Minister Narendra Modi unveiled plans for next-generation GST reforms anticipated by Diwali 2025, elevating hopes of an improved taxation regime that might spur progress throughout sectors.

Credit score Ranking Improve: S&P World Rankings upgraded India’s sovereign credit score rating from ‘BBB-’ to ‘BBB’ with a steady outlook. The transfer indicators heightened confidence in India’s financial trajectory and financial self-discipline.

By 12:40PM, benchmark indices mirrored the bullish sentiment:

BSE Sensex: up 702 factors (0.87 %) at 81,399.

NSE Nifty50: gained 264 factors (1.07 %) at 24,888.

The general market capitalization of listed corporations jumped by Rs 6.22 lakh crore, highlighting widespread investor participation.

Inventory Highlights & Sector Strikes

Rail Vikas Nigam Ltd (RVNL)

RVNL shares gained after receiving a Rs 178.64 crore contract from IRCON Worldwide Ltd for complete signalling and telecommunications works, reinforcing its order ebook.

Vodafone Concept (Vi)

Vodafone Concept shares climbed 8.6 %, marking an intra-day excessive at Rs 6.68, pushed by optimistic Q1 outcomes. At 10:13AM, the inventory was up 6.18 % at Rs 6.53, standing out in opposition to the rising Sensex.

JSW Cement

JSW Cement shares rose almost 4 % following sturdy curiosity in its extremely anticipated mainboard IPO.

Client Durables

The Nifty Client Sturdy Index spiked 3.14 % to an intra-day excessive of 38,503, with all 15 constituent shares within the inexperienced. Some shopper sturdy shares surged as much as 10 % intra-day, buoyed by expectations of GST reforms benefiting the sector.

KEC Worldwide

KEC Worldwide shares soared 7.6 % to Rs 837.6 after bagging orders price Rs 1,402 crore—together with a 765kV transmission line challenge in India and export orders for towers and {hardware} in America.

Suzlon Vitality

Suzlon Vitality noticed a continued downturn, falling greater than 5 % regardless of the general market rally. The inventory has now misplaced 10.5 % over 4 periods following its quarterly outcomes, as profit-taking dominated sentiment.

Ashok Leyland

Ashok Leyland shares jumped 7 % to Rs 130 submit its Q1FY26 earnings. Strong working efficiency and upbeat dealer forecasts lifted investor sentiment and projected additional features.

Auto Shares

The Nifty Auto Index was 4.6 % larger by late morning. Key gainers included Ashok Leyland, Maruti Suzuki, TVS Motor, Hero Motocorp, Bajaj Auto, and Eicher Motors. Analysts anticipate the proposed GST reforms to have a notably optimistic influence on the auto sector.

Kotak Mahindra Secures UAE License for Fund Administration

Kotak Mahindra Worldwide Restricted (KMIL)—the worldwide funding arm of Kotak Mahindra Financial institution—has achieved an essential milestone by receiving approval from the Securities and Commodities Authority (SCA), UAE’s capital markets regulator. The newly granted license empowers KMIL to interact in Funding Fund Administration and Portfolio Administration actions all through the United Arab Emirates.

This strategic improvement strengthens Kotak Mahindra’s worldwide footprint and positions the group to supply a wider array of funding merchandise and options to purchasers within the Center East. The transfer aligns with Kotak Mahindra’s ambition to broaden its world operations, join with new investor segments, and leverage Dubai’s place as a gateway to regional and world markets.

Additionally Learn: Regaal Sources IPO Allotment Standing: How To Verify On-line