Mumbai, Aug 18
The Indian stock market ended the session in green on Monday after heavy buying in auto, banking and consumer durable stocks, amid the positive sentiment around upcoming GST reforms.
Sensex closed at 81,273.75, up 676.09 points or 0.84 per cent. The 30-share index opened the session with a huge gap-up at 81,315.79 against last session's closing of 80,597.66. Buoyed by overall buying post the GST reform announcement, the index touched an intraday high at 81,765.77.
Nifty settled at 24,876.95, up 245.65 points or 1.0 per cent.
"The proposed rationalisation of GST is a sentiment booster for the domestic market. Additionally, the recent conclusion of the US and Russia summit, without any escalation in geopolitical tensions, has helped ease investor anxiety," said Vinod Nair, Head of Research, Geojit Investments Limited.
The automobile sector outperformed, emerging as a key beneficiary of the anticipated tax reforms. In H2 FY26, we expect the consumption-led sectors to show some traction on account of demand revival, he added.