Auto Surge Drives Sensex 1,000 Points Higher, Nifty Eyes 25,000: IT & Pharma Lag on GST Speculation

Markets kicked off the week with a dramatic leap as the Sensex soared by over 1,000 points, pushing the Nifty just shy of the landmark 25,000 level in early trading. The excitement was fueled by a robust rally in auto stocks amid speculation about potential GST rationalisation for the automobile sector, energizing sentiment across Dalal Street.

 

Key Highlights

Sensex surged past 1,000 points, while Nifty edged close to 25,000 in a session dominated by auto stocks.

 

The auto index rallied strongly, with heavyweight players like Maruti Suzuki and Tata Motors leading gains on hopes of GST cuts, improving demand and profitability outlook.

 

Broader buying was seen in banking and FMCG names, feeding into the market’s bullish tempo.

 

Conversely, IT and pharma stocks lagged on profit booking and global uncertainties, holding back indices from even bigger intraday highs.

 

Investor optimism was further stoked by steady foreign institutional inflows and solid Q1 earnings across several sectors.

 

Market Outlook

Experts indicate today’s rally showcases the market’s responsiveness to reform buzz and sector-specific policy signals. While auto stocks led from the front, areas of caution remain as IT and pharma face export headwinds and await global clarity.

 

With Nifty within touching distance of 25,000 and Sensex scaling new peaks, traders are watching upcoming GST Council signals, global market cues, and sector rotation as the next triggers for market direction.

 

Source: Economic Times, Business Standard, India Today