Sensex rallies over 700 pts, Nifty tops 24,900; GST cuts, 3 other drivers behind today's rally

Indian stock markets witnessed a significant surge today. Sensex and Nifty both opened considerably higher. This positive movement follows the government's decision to reduce taxes on various goods under the Goods and Services Tax. The GST overhaul aims to boost consumption ahead of the festive season. Market capitalization of BSE-listed companies also saw a substantial increase.