🚨 Market Update: GST 2.0 Boosts Auto Stocks 🚗📈
Indian markets are buzzing after the GST Council approved major tax cuts across consumer goods and automobiles.
🔹 M&M, Maruti, Hero Moto & others rallied up to 8% on the news.
🔹 GST structure simplified into two rates: 5% & 18% (from the earlier four-tier system).
🔹 Special 40% levy will remain on tobacco, pan masala & luxury goods.
🔹 This reform, called “GST 2.0,” takes effect on September 22.
Finance Minister Nirmala Sitharaman confirmed the compensation cess extended till October 31.
👉 Impact for Investors:
PM Modi’s ₹48,000 crore GST cut is expected to boost domestic demand, benefiting auto & FMCG sectors — creating new trading opportunities.
🌍 Global Market Snapshot
S&P 500 Futures: flat
Nikkei 225: 🔼 1.3%
Japan’s Topix: 🔼 0.9%
Australia S&P/ASX 200: 🔼 1%
Hang Seng: 🔽 1.1%
Shanghai Composite: 🔽 1.5%
Euro Stoxx 50 Futures: flat
Nasdaq 100 Futures: flat
📊 Investor Takeaway
GST 2.0 = auto & consumer goods rally 🚀
Global markets = mixed signals ⚖️
Stay alert. Trade smart.
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