New Delhi, Sept. 4 -- Stock markets rose today for the second straight session as sweeping GST rate cuts on daily-use products, auto sector, and personal items lifted investor sentiment.
The GST council's move accelerated the performance pace of stocks belonging to sectors like Automobile, Fast-Moving Consumer Goods (FMCG), and Non-Banking Financial Companies (NBFCs).
This market optimism was underpinned by hopes that lower GST rates would spur demand and drive revenue growth for companies in the auto and FMCG space, while Non-Banking Financial Companies (NBFCs) are expected to benefit from higher credit demand.
Notable gainers were Bajaj Finance, Bajaj Finserv, Trent, ITC, and HDFC Bank.
On the downside, Bharat Electronics, HCL Tech, N...