Sensex, Nifty Rise on GST Reform Hopes and Global Peace Buzz
- Sensex up 150 pts, Nifty above 24,900 on Tuesday morning.
- Hints of next-generation GST reforms lifted investor sentiment.
- Hopes of Russia-Ukraine peace talks eased geopolitical worries.
Benchmark indices started Tuesday’s trading session on a strong note, supported by optimism over potential Goods and Services Tax (GST) reforms and easing global tensions.
At 9:21 am, the S&P BSE Sensex rose 150.78 points to 81,424.53, while the NSE Nifty50 gained 38.15 points to 24,915.10. Broader market indices also traded in positive territory, reflecting improved investor confidence.
Market experts said two key factors drove the upbeat start expectations of progress in peace talks over the Russia-Ukraine conflict and domestic policy signals pointing to next-generation GST reforms.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the White House discussions suggest a 'reasonable chance of ending the war'. If that happens, India’s concerns over secondary tariffs for Russian oil imports would fade, which could benefit markets.
At the same time, he warned against expecting quick changes in US foreign policy. “It would be premature to expect positive responses from the Trump administration since India-US ties remain strained. India has also been balancing its relations with both China and Russia”, he noted.
On the domestic side, policy announcements have boosted sentiment. Vijayakumar added, “Indications of next-generation GST reforms have lifted market mood. But real growth will depend on earnings revival, which will take time”.
Analysts believe while reforms and global signals are providing short-term support, a sustained rally will depend on corporate earnings performance.
