Sensex Gains 200+ Points as Auto & Oil Stocks Shine on GST Reform Hopes

📈 Market Momentum Builds Sensex surged over 200 points, with Nifty crossing the 24,900 threshold, driven by optimism around GST reforms and encouraging updates on the Russia-Ukraine peace front. 💰 Key Stock Highlights ✅ RELIANCE Industries rallied 2% following Jio’s move to discontinue its 1 GB/day plan, signaling a strategic pivot in data services. ⚡ IDEA shares climbed 2% amid plans to tap non-banking funding avenues for capital expenditure. 📊 VEDL gained 2% ahead of its August 21 board meeting, where a second interim dividend is anticipated. 🚦 In contrast, Codex Publishing Solutions debuted on the BSE SME platform at a 20% discount to its IPO price, reflecting cautious investor sentiment. 🏭 Sectoral Trends IT stocks delivered steady but modest gains, while the oil and gas sectors emerged as the key drivers powering today’s rally. 🔍 Global Market Snapshot S&P 500 futures slipped 0.2% (Tokyo time 1:10 p.m.), mirroring mixed signals across Asia-Pacific: 🇯🇵 Japan’s Topix remained flat 🇦🇺 Australia’s S&P/ASX 200 declined 0.8% 🇭🇰 Hong Kong’s Hang Seng edged up 0.2% 🇨🇳 Shanghai Composite rose 0.3% 🇪🇺 Euro Stoxx 50 futures nudged higher by 0.1% The resilience of Indian markets amid global uncertainties underscores strong investor focus on domestic reforms and sector-specific strengths.