“Auto, FMCG, Insurance—who’s riding the GST wave?”

🔥 Key Effects on Stocks: - 🚗 Auto Sector Rally: Stocks like

, and surged as much as 8.8% in a single session. The proposed cut from 28% to 18% GST on small cars could lower prices by 8%, reviving demand and triggering an auto upcycle. - 🛍️ FMCG & Consumer Durables: With most goods shifting from 12% to 5% GST, expect strong buying in , and . Lower taxes = higher consumption. - 🏦 Financials & Insurance: If GST on health and life insurance drops from 18% to 5%, companies like , and could benefit from increased policy penetration and EMI affordability. - 🧱 Cement & Infra: Lower GST may improve affordability in housing and infra, lifting stocks like and - 🏨 Retail & Hospitality: Discretionary spending could rise, boosting , , , and even via quick commerce channels. ⚠️ Market Sentiment: - The Nifty Auto index alone added nearly ₹1 lakh crore in market cap after the announcement. - Bond markets, however, are jittery over fiscal concerns, as GST cuts may cost the government up to $20 billion annually.