NSE

Indian equity markets witnessed a significant upswing as the Sensex climbed sharply on investor optimism surrounding proposed GST reforms. The rally reflects renewed confidence in policy measures aimed at simplifying taxation, boosting business sentiment, and fostering economic growth. Sectoral gains were broad-based, led by financials, consumer goods, and industrials, as investors anticipate improved corporate earnings and increased market liquidity. Analysts highlight that the reform-driven momentum, coupled with stable macroeconomic indicators, is likely to sustain market enthusiasm.

In a decisive move to bolster investor confidence and curb excessive speculation, the National Stock Exchange (NSE) has revised its pricing framework for small and medium enterprise (SME) initial public offerings. The exchange has halved the permissible listing price cap—from 40% to 20% above the issue price—aiming to stabilize post-listing price movements. This development follows heightened regulatory attention on inflated SME valuations and sharp day-one gains.