North India Statesman
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News India Live, Digital Desk: Indian Stock Market: On Monday, August 18, 2025, the Indian stock market saw a tremendous jump after Prime Minister Narendra Modi announced a comprehensive change in the Goods and Services Tax (GST) rates. The impact of this announcement appeared in the morning trading, causing the Sensex more than 1,000 points and the Nifty crossed the 24,950 level.
In his Independence Day speech on Friday, August 15, PM Modi announced from the Red Fort that GST rates would be reduced till Diwali, which will reduce the prices of everyday use goods. The government is aiming to improve the eight -year tax system, which has been suffering from litigation and theft.
Subsequently, the Finance Ministry has also confirmed that it has proposed to levy most of the goods and services in two slabs and qualifications, and special rates will be imposed on a few select items. It is expected that if these measures are approved, they will be implemented till Diwali, which is the biggest purchasing season in India.
Market analysts have described PM Modi’s announcement on GST reforms behind this rally as a major positive factor. In early trade, S&P BSE Sensex rose up to 1,021.93 points or 1.26%. On the National Stock Exchange (NSE), the Nifty 50 index rose to 390.7 points or 1.58% to 25,022 levels. Auto stock also saw a significant boom, causing the total positive perception in the market to remain in the market after discussion about Russia’s oil supply between American and Russian leaders, due to reduced Russian oil supply concerns.
