President Trump's influence is on trial in Indiana's Republican primaries. Seven state senators face Trump-backed challengers. Ohio's primaries will decide candidates for major U.S. Senate and governor races. Michigan voters will fill a state Senate vacancy in a bellwether district
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AP POLYCET Result 2026: Where, how to check Polytechnic CET results when announced?AP POLYCET Result 2026 will be announced and will be available on the official website. The steps to check the results is given here. Published on: May 05, 2026 10:51 AM IST By HT Education Desk | Edited by Papri
The entire political landscape of Tamil Nadu has shifted overnight as Vijay’s TVK scripted a historic win in the state elections, and while the experts were busy with exit polls, Zoho founder Sridhar Vembu has pointed to a much humbler source of truth: the village farmer and the airport security
C. Joseph Vijay’s Tamilaga Vettri Kazhagam (TVK) has established its popularity and stands to emerge as the single largest party in the 2026 Tamil Nadu State Assembly elections. Clearly, voters decided to give up on the two Dravidian parties
For years, India's West Bengal state was the great exception to Narendra Modi's political advance. His Bharatiya Janata Party (BJP) had swept through India's Hindi-speaking heartland, expanded into the west and north-east, and overwhelmed once-formidable regional rivals
Three Opposition chief ministers on Monday lost power as the Trinamool Congress was defeated by the Bharatiya Janata Party in West Bengal, the Left Democratic Front by the Congress-led alliance in Kerala and the Dravida Munnetra Kazhagam by actor-politician Vijay’s Tamilaga Vettri Kazhagam
Real or illusion? Rare ‘rainbow clouds’ spotted in sky over Indonesia. WatchThe caption of the post shared on Monday read," Amazing! Rare “rainbow clouds” were spotted in the sky over Indonesia. Published on: May 05, 2026 10:16 AM IST By HT News Desk Share via Copy link Rare
The domestic equity markets on Monday started the week on a bullish note, with the BSE Sensex surging by 676.09 points or 0.84% to settle at 81,273.75 and the NSE Nifty jumping 245.65 points or 1% to close at 24,876.95. The rally in the Indian stock market came amid firm domestic signals and steady global trends.
Why Did Stock Market Rise Today? Know Key Factors Behind Sensex, Nifty Rally On August 18
The domestic equity markets on Monday started the week on a bullish note, with the BSE Sensex surging by 676.09 points or 0.84% to settle at 81,273.75 and the NSE Nifty jumping 245.65 points or 1% to close at 24,876.95. The rally in the Indian stock market came amid firm domestic signals and steady global trends.
The stock market witnessed a major rally in auto and consumer goods stocks, including Ashok Leyland, Voltas, Hyundai Motor India, Hero MotoCorp, Maruti Suzuki, and PG Electroplast.
On Nifty indices, the auto sector was up 4.18%, followed by consumer durables (3.38%), realty (2.17%), financial services (2.11%), metal (1.86%), and FMCG (1.19%).
Key Factors Behind Stock Market Rally Today
PM Modi's Announcement On GST Reforms: Prime Minister Narendra Modi in his Independence Day Speech during the weekend announced a major overhaul in the Goods and Services Tax (GST) structure. Though he did not announce any details, reports said the Centre is considering scrapping the current 12% and 28% GST slabs, realigning most items into the 5% and 18% categories. Certain sin or luxury goods may be placed in a new 40% bracket.
The Centre is reportedly expected to lower the GST on passenger vehicles (PVs) and two-wheelers, enhancing their affordability quotient.
S&P Global's Rating Upgrade On India: US-based rating agency S&P Global has upgraded India's sovereign rating to ‘BBB' after more than 18 years, citing strong economic fundamentals that are likely to support growth in the next two to three years. It also pointed out that monetary policy has become “increasingly conducive to managing inflationary expectations".
A day after, it also upgraded the ratings of India's 10 financial institutions, including seven Indian banks (SBI, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, Union Bank of India, and Indian Bank) and three finance companies (Bajaj Finance, Tata Capital, and L&T Finance).
Positive Developments On Russia-Ukraine Issue: US President Donald Trump and Russian President Vladimir Putin met during the weekend in Alaska to discuss the Ukraine issue. Though the meeting remained inconclusive, India welcomed the Trump-Putin summit and said “India appreciates the progress made in the summit".
The outcome of today's meeting at the White House between Trump and Ukrainian President Volodymyr Zelensky for finding a solution to the Russia-Ukraine conflict will be keenly watched by the market
Lower Crude Oil Prices: Oil prices on Monday struggled as US President Donald Trump backed away from threats to place more restrictions on Russian oil exports. Brent dropped 0.2% to $65.74 a barrel, while US crude eased 0.1% to $62.76 per barrel.
Positive Global Markets: Share markets edged higher in Asia on Monday ahead of what is likely to be an eventful week for US interest rate policy, while oil prices slipped as risks to Russian supplies seemed to fade a little. A general risk-on mood saw indices in Japan and Taiwan make record peaks, while Chinese blue chips reached their highest in 10 months.
Shares across the Asia-Pacific region traded mixed as investors assessed the outcome of the US-Russia summit, which ended without a ceasefire. Japan's Nikkei 225 climbed 0.62 per cent, while the Topix index was up 0.42 per cent. South Korea's Kospi slipped 1.06 per cent and the Kosdaq shed 1.44 per cent. Futures linked to Hong Kong's Hang Seng index were at 25,214, suggesting a firm opening.
US Softens Stance On Tariffs: The Indian stock market remained positive on Monday after US President Donald Trump signalled that Washington may not impose secondary tariffs on countries continuing to buy Russian crude, easing concerns of a potential hit to India.
Rupee Gains: The rupee rose 20 paise to 87.39 against the US dollar in early trade, tracking firm domestic equities. It had closed at 87.59 in the previous session.
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“There are strong tailwinds for the market with potential to take it higher. Declarations by the prime minister on the next major reforms in GST by Diwali, is a big positive. The expectation is that most of the goods and services will be in the 5% and 18% tax slabs. Sectors like autos and cement which are presently in the 28% tax slabs are expected to benefit. TVS Motors, Hero, Eicher, M&M and Maruti are likely to respond positively to the news. Insurance companies are also expected to benefit from the GST revision," V K Vijayakumar, chief investment strategist of Geojit Investments Limited, said.
S&P 500 upgrading India's sovereign credit rating is another major positive. But, the market ignored this announcement since the negative news flows are also strong. India-US trade talks are unlikely to happen before August 27th deadline. The ‘Trump Sword' of 50% tariff dangling on India will restrain the market enthusiasm which can be triggered by the positive news mentioned earlier. The outcome of today's meeting at the White House for finding a solution to the Russia-Ukraine conflict will be keenly watched by the market, he added, he added.
Source: News18
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