By Admin 
Stock market: The announcement of GST reforms by Prime Minister Narendra Modi from Red Fort to Diwali has given new energy to the domestic stock market. On Monday, on the first trading day of the week, the Sensex showed a tremendous rise and jumped about 1,100 points. At the same time, the Nifty also reached a record level.
As soon as trading started on Monday morning, the BSE Sensex rose 1,096.99 points to 81,694.65. Similarly, the Nifty 50 also showed trading at the level of 24,989.70 with a gain of 358.40 points. There was an atmosphere of all -round shopping in the market, which also saw a strong rise in smallcap and midcap stocks.
5.77 lakh crore increase in investors’ assets
This rapid market assets of the market increased a huge increase in a few minutes. The total market capitalization of companies listed on BSE rose by Rs 5.77 lakh crore to a new height compared to the previous trading day. This blossomed the faces of investors.
On August 14, the market cap of listed companies on BSE was Rs 4,44,78,611.27 crore, which increased further after Monday. Analysts believe that the announcement of GST reforms will make the business environment easier and it will show a positive impact on the income and growth of the companies.
What will happen next?
Market experts say that if there is no major obstacle in global signals, then this fast can continue in the coming weeks. Sectors like FMCG, auto and manufacturing can benefit the most from GST reforms.
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