GST 2.0 Impact: Durable demand for car and consumers will drive Indian stock market sentiment after September 22

After the GST rationalization of the government, the car and consumer duration sector emerged as the largest beneficiaries, with the expectation that rate cuts could revive sales that remained silent in the recent quarter amid poor urban demand. Stock from both sectors has seen strong profits, which significantly support the Indian stock market, which has remained alive since the implementation of the new consumption tax rates on September 3. However, the market movement remained due to higher US rates, overshadowing domestic positive factors and combating investor enthusiasm, despite supporting measures such as the GST rate cut. Nevertheless, when we look forward, analysts remain optimistic about the potential for a second leg of the rally in these counters after September 22, when the new rates are expected to kick in. This, together with festive buying, is likely to lead to a sharp increase in the consumer demand. Dr. VK Vijayakumar, investment strategist at Geojit Investments Limited, said: ‘The Indian macro picture remains a strong. Financial stability, as reflected in fixed deposit (FD) and the current account deficit (CAD), a strong GDP growth prospects, and falling inflation, are positive indicators. After September 22, the first time in the demand for consumers, especially the car, will dominate. provides positive sentimental support to the market. “Apart from the GST rate cut optimism, the trade negotiations between India and the US show the progress of the decision of both countries to continue negotiations, it will also remove a major concern for the market and increase the sentiment. Structural boost for durable consumers and car sectors as GST tariffs are declining from 28% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to 18% to Expect a price reduction of 7-8% in the throughout and increasing the growth of the air conditioning by 9-10%, assuming the benefit to the end client. And energy-effective lighting now within the 5% page will fall against 12% before. Or brokerage businesses, and not of coin.