Auto, FMCG Stocks Surge on GST Cuts

  Published 7 months ago

Indian auto and consumer stocks surged as GST reforms, especially car tax cuts, boosted demand.

  • Auto index hit 10-month high after GST cut plans, lifting Maruti and Hyundai shares.
  • FMCG stocks like HUL, Nestle, and Dabur gained as consumer products became cheaper.
  • Tax reforms with festive season timing expected to boost spending, driving strong market optimism.

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