Indian Shares Rise at Open as Autos and Consumer Companies Benefit from Proposed Tax Reforms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
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Source: Reuters
Market Performance: India's equity benchmarks rose over 1% on Monday, with the Nifty 50 increasing by 1.25% and the BSE Sensex gaining 1.17%.
Sector Advancements: Fifteen out of sixteen major sectors saw gains, particularly in the automotive and consumer sectors, which jumped 3.4% and 1.8%, respectively.
Tax Reforms Impact: Proposed tax reforms by New Delhi, including lowering GST on small cars from 28% to 18%, are expected to enhance festive demand and positively influence earnings outlook for fiscal year 2027.
Financial Sector Boost: Heavyweight financial stocks gained 1.6%, supported by S&P's ratings upgrade for key banks like HDFC Bank and SBI.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
