Mumbai
In the stock market (Share Market), the announcement made on the change in GST of the Central Government on Monday showed a clear impact and a stormy start of the Sensex-Nifty and the Bombay Stock Exchange’s 30-share Sensex index (BSE Sensex) jumped with more than 1100 points. Along with this, NSE NIFTY also showed strength and climbed 350 points to 25,000 figures with the opening. From Maruti, Bajaj Finance, Mahindra & Mahindra to banking shares, there was a strong rise in early trade.
Sensex-nifty ran like rocket
As soon as trading started in the stock market on Monday, both index started running like rockets. The BSE Sensex climbed to 81,315 as compared to its previous closed 80,597.66 and then jumped more than 1100 points in a sudden minute, doing business at the level of 81,713.30. At the same time, NSE’s Nifty-50 also jumped from its last closed 24,631.30 level to 24,938.20 and in a short time, stepping by Sensex’s step, rose by more than 350 points to 25,000.80.
Indications were being received after GST announcement
On August 15, after Prime Minister Narendra Modi announced a major change in GST, its impact was expected to appear on the stock market. The proposal of GST reform suggests to keep most of the items under two main slabs 5% and 18%, while some items such as tobacco and online gaming are proposed to impose a heavy tax rate of 40%. And when the market was opened on Monday, the Sensex-Nifty jumped as soon as it opened. Earlier, global signs were also in favor of the market boom and along with gift Nifty, all the Asian markets were trading in the green zone.
These big shares started running away
Amidst the boom in stock market, Maruti Share (7.27%), Bajaj Finance Share (6%), Bajaj Finserv Share (4.66%), M & M Sha Share (4.58%), Trent Share (3.36%), Hul Share (3.36%), Hul Share (3.36%), Hul Share (3.36%), Hul Share (3.36%) Share (2.40%) Was doing business with boom.
Apart from this, banking stocks also ran as soon as they opened. Axis Bank Share (1.80%), Kotak Bank (1.75%), ICICI Bank (1.70%), HDFC Bank (1.50%) were trading. So at the same time, the share of Reliance Industries, led by the country’s most valuable company Mukesh Ambani, also appeared with a rise of 1.30%. Tata Steel, Adani Ports also recorded an increase of about 1 percent.
Bat also in midcap-multicap
Like BSE’s Largecap, greenery also appeared in mid and smallcap. Niacl Share (7.66%), Ashok Leyland Share (6.56%), Endurance Share (6.41%), Voltas Share (6.30%), Voltas Share (6.30%), Voltas Share (6.30%), Voltas Share (6.30%), Voltas Share (6.30%) (5.86%) ran away, while looking at the companies involved in the smallcap, then here, Green Power Share (11.99%), IFB India Share (10.85), Amber Share (8.18%) were trading.
