Shares of MCX and other capital market companies up today

Stocks of many brokerage firms and capital market companies are in the green today. This after market sentiment got some boost today due to government’s announcement that GST tax cuts will be coming this Diwali. Another reason is the upgrade of India’s credit rating to BBB with stable outlook by S&P Global.

At 2:50 p.m. 18^th August, 2025, MCX’s stock price is up by 1.82% trading at Rs 8,297. Angel One’s stock is up by 1.15% at Rs 2,672.60. Motilal Oswal’s stock price is up by 0.95%, trading at Rs 938.05. Nifty Capital market index is up by 1.69% at this time. The benchmark Nifty 50 index is up by 1.15% at this time.

Two key factors are driving the rally in capital market shares. The first one is the credit rating upgrade by S&P. On August 14, S&P Global upgraded India’s long-term sovereign credit rating to ‘BBB’ from the previous ‘BBB-’. Analysts have welcomed the rating upgrade and believe that it reflects the effective fiscal policies set in motion by India. This was the first rating upgrade by S&P since 2007.

Just a day after the announcement, on August 15, S&P Global also upgraded the ratings of India’s top 10 financial institutions. The company said that these financial institutions are the backbone of India’s economic growth.

The second reason is the announcement by the PM Narendra Modi about new GST reforms that are likely to significantly lower the GST burden. Reports say that the new GST reforms will shift 90% of the goods from the 28% GST slab to 18%. On a similar note, 99% of the goods in the 12% GST slab are likely to be shifted to the 5% slab.

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 Source: NSE