BSE, HDFC AMC, MCX, other capital market stocks surge up to 5% on market optimism, S&P upgrade

Benchmark indices Sensex and Nifty rallied sharply, buoyed by multiple factors.

Debaroti Adhikary

August 18, 2025 / 12:24 IST

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26 Aug, 2025 12:21

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Capital market stocks recorded significant gains on August 18, amid a broader uptrend in India's stock markets. The sharp rise in the share prices pushed the Nifty Capital Markets index up nearly 2 percent to hover around 4,483 in the afternoon.

Benchmark indices Sensex and Nifty rallied sharply, buoyed by multiple factors. While delivering his Independence Day speech, Prime Minister Narendra Modi hinted at the next generation of Goods and Services Tax (GST) reforms to be announced as a Diwali gift for consumers. This significantly boosted optimism in the stock markets, pushing the benchmark index Sensex up 1,000 points, and Nifty over 25,000-mark.

International credit ratings agency S&P Global on August 14 upgraded India's long-term sovereign credit ratings to 'BBB' from 'BBB-'. Economists have positively reacted to the upgrade, stating that it reflects on India’s prudent fiscal policy. A day later, S&P Global upgraded ratings of top 10 financial institutions, saying that India's financial institutions will continue to ride the country's good economic growth momentum. The positive commentary from the international ratings agency boosted market sentiment further.

The rising optimism pushed India Vix up over 2 percent. This likely benefitted the capital market stocks.

Anand Rathi Wealth shares were the top gainer on the index, jumping nearly 5 percent to trade at Rs 2,839 apiece. HDFC AMC and NAM-India shares followed, jumping up to 4 percent each. Multi Commodity Exchange of India (MCX) and UTI AMC shares rose around 2 percent each, while CDSL, Angel One and Bombay Stock Exchange (BSE) shares gained more than 1 percent each.