Sensex jumps over 1,000 points, Nifty tops 24,953.50 level buoyed by proposed GST reforms

MUMBAI: (Aug 18) Benchmark indices Sensex and Nifty surged in early trade on Monday, buoyed by plans for big bang reforms in the GST regime by Diwali and S&P upgrading India’s sovereign credit rating.

Auto, consumer discretionary and consumer durables stocks propelled the rally in the equity market.

The 30-share BSE Sensex jumped 1,021.93 points to 81,619.59 in early trade. The 50-share NSE Nifty surged 322.2 points to 24,953.50.