Why did Sensex soar 1,400 points today?

Pragya Swastik, Published on Jan 2nd, 2025

Why did Sensex soar 1,400 points today?

Sensex soared over 1,400 points helped by financial, IT and auto stocks amid optimism around quarterly earnings, sales & favourable technical setup. "GST collection reflects steady demand, healthy economy," KPMG's Abhishek Jain said as December GST collection rose 7.3% y-o-y to ₹1.77 lakh crore. Markets also rose over Bernstein's assessment of economic recovery anticipated within 1-2 quarters.

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