On the BSE, 2,170 stocks out of 3,357 traded in green, while just over 1,000 saw declines.
The broader market performed as good as the benchmarks. The Nifty Midcap 150 and Nifty Smallcap 250 gained 1.1% each.
Among sectors, Nifty Auto, Nifty FMCG and Nifty Consumption rallied the most as companies in these sectors are primed to benefit from the GST rate cuts.
Escorts Kubota Ltd., Mahindra And Mahindra Ltd. and Eicher Motors Ltd. surged the most in the auto pack. Small cars and entry-level bikes are set to get cheaper as the GST Council on Wednesday approved a complete overhaul of the tangled GST regime.
FMCG giants like Nestle India Ltd. and HUL also marked gains of over 2%. The GST has been slashed on an array of food items, including packaged namkeens, instant noodles, chocolates, and coffee, from either 12% or 18% to a uniform 5%.
