Stock Market Soars: Nifty Nears 25,000, Sensex Jumps 1,000Points; PM Modi’s GST Reform Plan A Key Driver

The stock market opened higher on Monday, with benchmark indices Nifty50 and BSE Sensex soaring in early trade. The rise was driven by Prime Minister Narendra Modi’s announcement of next-generation GST reforms in his Independence Day speech, along with a credit rating upgrade for India by S&P Global. The Nifty is trading with a massive surge of over 360 points, inching closer to 25,000. The Sensex surged by over 1,000 points to touch 81,700, while broader markets also traded higher. The Nifty Bank index climbed 725.85 points, reflecting strong momentum. Gains were seen across consumer-focused sectors, including auto, FMCG, food, and AC stocks. Maruti Suzuki stood out with its sharpest rally in nearly four years.