Stock Movers Today: GST Cuts Fuel Auto, FMCG & More

India’s sweeping GST overhaul sparked an early market rally, especially among consumption-linked sectors. While indices cooled later, several stocks staged strong gains: Auto Sector Leads the Charge Mahindra & Mahindra (M&M), Eicher Motors, and other auto majors surged up to 8%, driven by tax cuts on two-wheelers and small cars—from 28% down to 18% FMCG Firms Ride the Relief Wave Strong rallies of up to 4–6% were seen in Emami, Britannia, Colgate, with Nestle, HUL, and Dabur also enjoying upside as GST dropped to 5% on many daily essentials. QSR Stocks Sizzle on Tax-Free Foods Quick Service Restaurant names like Jubilant FoodWorks (+2.9%), Devyani International (+2.4%), and Sapphire Foods (up to +7.6% intraday) jumped after GST on breads and paneer-based items was cut to zero. Broader Market Movers Insurance names like LIC, SBI Life

, and ICICI Lombard climbed up to 3%, benefitting from the GST exemption on individual life and health policies Bajaj Finance rallied nearly 5%—anticipated pick-up in financing demand for autos and consumer durables. Cement stocks like Ambuja , UltraTech, and ACC climbed up to 4% after GST was lowered from 28% to 18%, aiding infrastructure demand Key Takeaway: The GST 2.0 reform acts like a consumption booster: auto, FMCG, QSR, cement, finance, and insurance stocks led the market action, signaling investor optimism around cheaper essentials and spending ahead of the festive season. Execution matters, but for today—it’s a clear win for sectors closest to consumer wallets.