New Delhi, Aug. 19 -- The Indian stock market posted solid gains on Monday, August 18, driven by a mix of supportive domestic and global cues.

The Sensex surged more than 1,100 points during the day before settling 676 points, or 0.84 per cent, higher at 81,273.75. The Nifty 50 ended at 24,876.95, up 246 points, or 1 per cent. Meanwhile, the BSE Midcap index advanced 1 per cent, and the Smallcap index gained 1.39 per cent.

Prime Minister Narendra Modi's announcement on GST reforms served as a major trigger lifting market sentiment, while hopes of relief from US tariffs, S&P Global's upgrade of India's credit rating, and optimism about a potential resolution to the Russia-Ukraine conflict further strengthened the bullish momentum.

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