🔥 GST Overhaul Sends Mahindra Up 8%
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🗞️ Mahindra & Mahindra shares rally 8% on GST overhaul
The auto sector saw significant gains after the GST revamp, with Mahindra & Mahindra leading the rally, up 8% today. Analysts expect luxury vehicles and SUVs to benefit the most.
💬 Expert Take — Rajesh Mehta, Auto Sector Analyst: “GST rate cuts provide a direct margin benefit for automakers and could boost consumer demand in high-ticket segments.”
🗞️ Mutual fund SIPs deliver double-digit returns in 10 years
Mutual fund investors have enjoyed double-digit XIRR over the past decade, with equity-focused SIPs delivering the strongest performance.
💬 Expert Take — Anjali Rao, Fund Manager: “Long-term SIPs in well-managed funds remain one of the safest ways to accumulate wealth, especially in volatile markets.”
🗞️ GST overhaul fuels stock markets rally
Sensex surged nearly 900 points as investors reacted positively to the GST rate rationalization, which is expected to benefit multiple sectors including FMCG and autos.
🗞️ Insurance stocks in limelight after GST clarity
Star Health and other insurance stocks gained 5–9% after life and health insurance services were confirmed exempt from GST.
🗞️ GST cuts to impact 14% of inflation basket
Essential and household goods are expected to benefit most from the GST overhaul, potentially easing overall inflation by 0.3–0.5%.
🗞️ GST revamp: Cars, SUVs, luxury vehicles get tax cut
Luxury and high-end vehicles are set to enjoy up to 40% GST reduction, providing both consumer relief and higher sales potential for automakers.
🗞️ GST Council proposes two-slab system
The GST Council is considering a two-slab system, with nil and 5% items list, aimed at simplifying compliance and rationalizing rates across categories.
🗞️ Indiabonds & Upstox to offer retail bond investments
Retail investors now get easier access to corporate bonds via Indiabonds and Upstox, opening up opportunities for portfolio diversification beyond equities.
📊 Market Update
📈 Sensex: 80,718.00 ▲ +150.30 (+0.19%)
📈 Nifty 50: 24,734.30 ▲ +19.00 (+0.08%)
💱 USD/INR: ₹88.05 ▲ (rupee slightly weaker)
🪙 Gold (24K spot): ~₹10,710/g (≈ ₹1,07,100/10g) ▲ record zone
🛢️ Brent crude: ~$69–70/bbl