Indian shares rise in broad rally on GST cut optimism

Sep 2, 2025, 13:44 GMT+7
(Reuters) - India's Nifty 50 (.NSE) and Sensexrise 0.5% each in a broad-based rally; Reliance Industriesis the top contributor to benchmark gains
** All 16 major sectors advance; small-capsand mid-capsrise 1% and 0.7%
** Consumer stocksup 1.1%, ahead of GST Council meeting, where taxes could be lowered by at least 10 pct points
** Combination of likely tax cuts, easing inflation have lifted investor sentiment and could position India at cusp of its strongest consumption cycle in over a decade - Sonam Srivastava, investment manager and founder of Wright Research
** Reliance gains 2% after Morgan Stanley hikes price target
** Among other sectors, sugar stocks Balrampur Chini, Triveni Engineering, Shree Renukasurge as govt allows unrestricted ethanol output from sugarcane byproducts starting 2025/26
** Power Gridadvances 2.6% after Antique Stock Broking names it top large-cap power pick, citing demand recovery and attractive valuations

Sumber : Reuters