๐จ Market Update: GST 2.0 Boosts Auto Stocks ๐๐
Indian markets are buzzing after the GST Council approved major tax cuts across consumer goods and automobiles.
๐น M&M, Maruti, Hero Moto & others rallied up to 8% on the news.
๐น GST structure simplified into two rates: 5% & 18% (from the earlier four-tier system).
๐น Special 40% levy will remain on tobacco, pan masala & luxury goods.
๐น This reform, called โGST 2.0,โ takes effect on September 22.
Finance Minister Nirmala Sitharaman confirmed the compensation cess extended till October 31.
๐ Impact for Investors:
PM Modiโs โน48,000 crore GST cut is expected to boost domestic demand, benefiting auto & FMCG sectors โ creating new trading opportunities.
๐ Global Market Snapshot
S&P 500 Futures: flat
Nikkei 225: ๐ผ 1.3%
Japanโs Topix: ๐ผ 0.9%
Australia S&P/ASX 200: ๐ผ 1%
Hang Seng: ๐ฝ 1.1%
Shanghai Composite: ๐ฝ 1.5%
Euro Stoxx 50 Futures: flat
Nasdaq 100 Futures: flat
๐ Investor Takeaway
GST 2.0 = auto & consumer goods rally ๐
Global markets = mixed signals โ๏ธ
Stay alert. Trade smart.
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