Benchmark equities surged on Thursday, Sept 4, after Finance Minister Nirmala Sitharaman unveiled a sweeping overhaul of the Goods and Services Tax (GST). The S&P BSE Sensex rose nearly 600 points in early trade, while the NSE Nifty50 crossed 25,900, as investors cheered the reforms that collapsed the tax structure into four slabs—0%, 5%, 18% and a new 40% for luxury and sin goods. By scrapping the earlier 12% and 28% rates, GST 2.0 promises to simplify compliance and make essentials cheaper. Market participants believe this could set the stage for a consumption revival, with direct benefits for autos, fast-moving consumer goods, cement, housing and financials. Auto and FMCG shares led the rally. Maruti Suzuki, Mahindra & Mahindra, Hindustan Unilever and ITC gained sharply on expectations that lower GST on small cars, two-wheelers, packaged food and personal care products would spur demand. Real estate and financials followed suit, buoyed by hopes of stronger consumption feeding into credit growth and housing activity. Market experts see the reform as more than a rate cut. Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, “The revolutionary GST reform has come better than expected, benefitting a wide spectrum of sectors. The ultimate beneficiary is the Indian consumer who will benefit from lower prices. The potential big boost to consumption in an economy that is already in growth momentum will be big and may surprise on the upside.” He added that the changes could spark a “virtuous cycle,” with cheaper goods driving demand, higher demand lifting corporate earnings, and stronger earnings attracting more investment.
Markets jump as GST 2.0 lifts consumer-driven stocks
Comments
24 responses to “Markets jump as GST 2.0 lifts consumer-driven stocks”
-
I truly appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thanks again!
-
Good – I should certainly pronounce, impressed with your web site. I had no trouble navigating through all tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your client to communicate. Excellent task..
-
I like your writing style genuinely loving this website .
-
Would you be curious about exchanging hyperlinks?
-
Impressed by the level of detail.! This deserves more attention online. 馃檪
-
Amazing write-up!… Really makes complex topics easy to understand.馃憤
-
Only wanna input that you have a very nice web site, I enjoy the style and design it really stands out.
-
Perfect work you have done, this site is really cool with excellent information.
-
There is noticeably a bundle to know about this. I feel you made some good points in features also.
-
Hello my family member! I wish to say that this post is amazing, nice written and include approximately all vital infos. I?¦d like to peer more posts like this .
-
Great write-up, I am regular visitor of one¦s website, maintain up the excellent operate, and It’s going to be a regular visitor for a lengthy time.
-
Keep functioning ,impressive job!
-
I am not sure where you’re getting your info, but good topic. I needs to spend some time learning much more or understanding more. Thanks for fantastic info I was looking for this info for my mission.
-
Really nice style and design and wonderful articles, practically nothing else we require : D.
-
Thank you so much for providing individuals with an extremely superb possiblity to check tips from this web site. It’s usually very nice and also full of amusement for me and my office acquaintances to search your site no less than 3 times in one week to see the new issues you have. Of course, we’re usually amazed with all the magnificent tips you serve. Some 3 ideas in this article are clearly the most effective we have all ever had.
-
I enjoy, cause I discovered just what I was taking a look for. You’ve ended my four day lengthy hunt! God Bless you man. Have a nice day. Bye
-
It’s a shame you don’t have a donate button! I’d definitely donate to this fantastic blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to fresh updates and will talk about this website with my Facebook group. Talk soon!
-
Hmm it looks like your website ate my first comment (it was super long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I too am an aspiring blog blogger but I’m still new to everything. Do you have any points for first-time blog writers? I’d genuinely appreciate it.
-
I too conceive therefore, perfectly indited post! .
-
I love your writing style genuinely loving this website .
-
I love your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to create my own blog and would like to know where u got this from. thank you
-
you are in reality a excellent webmaster. The web site loading speed is incredible. It sort of feels that you’re doing any unique trick. Also, The contents are masterwork. you’ve performed a fantastic process in this matter!
-
When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get three e-mails with the same comment. Is there any way you can remove people from that service? Appreciate it!
-
I truly appreciate this post. I?¦ve been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thx again
Leave a Reply