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Market rally fizzles out...
Financial Express Ahmedabad
|September 05, 2025
OUTPERFORMING THE BENCHMARKS by wide margins since August 15, the auto sector has gained 7.8%, consumer durables 5.6%, consumer discretionary 5.3%, FMCG 4.2%, and metals 4.1% on expectations of GST rate cuts.
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Shares of companies such as Maruti Suzuki, which jumped 13.43% during the recent rally, came under heavy selling pressure, as a result of which it fell 1.78% to ₹14,655.65 on Thursday.
The Sensex and the Nifty rose by 1.74% and 1.84%, respectively, in the four trading sessions following the August 15 announcement, though they later gave up gains due to the impact of US tariff measures.
The GST Council simplified the tax structure, agreeing to two slabs of 5% and 18% versus the earlier four-tier system.
Diese Geschichte stammt aus der September 05, 2025-Ausgabe von Financial Express Ahmedabad.
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