GST Rate Cut May Sweeten Margins for FMCG Stocks; HUL, Britannia, Colgate, Nestle, Likely Winners

GST rate cut may sweeten margins for FMCG stocks; HUL, Britannia, Colgate, Nestle, likely winners

The reduction in GST rates is expected to positively impact FMCG consumption, particularly for companies like HUL and Britannia. While many product categories will benefit, some like detergents and cosmetics will not see changes, indicating a selective adjustment in the tax structure.

Dalal Street on Fire: Nifty, Sensex Surge over 1% as GST Cuts Spark Pre-Diwali Rally

Get latest articles and stories on Business at LatestLY. The rally returned to Indian equity markets on Thursday as the government's move to rationalize Goods and Services Tax (GST) rates boosted investor sentiment. Business News | Dalal Street on Fire: Nifty, Sensex Surge over 1% as GST Cuts Spark Pre-Diwali Rally.

GST boost for markets: Sensex jumps 600 pts, Nifty above 24,900; FMCG, auto shares rally

Sweeping GST rationalisation and withdrawal of compensation cess trigger rally across auto, FMCG and consumer durable stocks

Indian stock market opens higher, Nifty above 24,700

The Indian benchmark indices opened higher on Friday, buoyed by transformative rate reductions announced by the GST Council across sectors as buying was seen in the auto, IT and PSU bank shares in the early trade.

Sensex, Nifty open higher; experts say GST 2.0 will drive stock rally - ChiniMandi

Mumbai (Maharashtra): Indian stock markets continued their upward momentum on Friday with a positive opening, supported by optimism around the recently announced GST 2.0 reforms. Investors are hopeful that the new tax rationalisation measures will improve the overall volume of consumption in the economy, driving growth in the coming quarters. The Nifty 50 index opened at 24,818.85, gaining 84.55 points or 0.34 per cent, while the BSE Sensex surg…

India’s Auto Stocks Surge as GST Cuts Boost Demand Outlook

India’s auto stocks rallied on Thursday, with the Nifty Auto index jumping as much as 3.7% to its highest level in nearly 11 months after the government slashed consumption taxes on vehicles. Auto shares were last up 1.9%, leading gains on the benchmark Nifty 50 index, which traded 0.6% higher. Mahindra & Mahindra and Eicher Motors spearheaded the rally, hitting record highs. Mahindra surged 6% to become the top gainer on the Nifty, while Eicher…