New Delhi, Sep 3 (UNI) Stock markets witnessed a strong bullish trend today with benchmark indices Sensex and Nifty closing significantly higher, fueled by expectations of major announcements from the ongoing 56th GST Council meeting and renewed investor optimism following encouraging GDP growth numbers.
The top performers were Tata Steel, Jindal Steel and Steel Authority of India (SAIL) rallied up to 6 pc. Moreover, shares of Hindalco, Vedanta, and National Mineral Development Corporation (NMDC) witnessed healthy gains, reflecting broad-based buying in the metals basket.
The market optimism is also driven by the ongoing 56th GST Council meeting which is expected to bring next-gen reforms in sectors including automobiles, consumer durables, and logistics.
This remarkable performance also comes against the backdrop of encouraging macroeconomic data.
The National Statistics Office (NSO) recently reported that India’s GDP expanded by 7.8 percent in the first quarter of FY26, making it one of the fastest-growing major economies globally.
The strong growth data has further strengthened confidence in the India growth story, prompting both domestic and foreign institutional investors to remain net buyers in equities.
Beyond metals, select banking and auto stocks also saw positive traction, while sectors like IT and Fast-Moving Consumer Goods (FMCG) showed mixed reaction.
