GST impact on stock market: In a big boost to the Indian economy, the GST council late Wednesday night approved the 2-rate structure and slashed GST rates across sectors. The stocks that will be reacting to this big push to boost consumption. We’ve shortlisted a list of stocks that you need to watch out for in today’s trade.
Earlier on Wednesday, the NSE Nifty 50 closed the session 135 points or 0.55% higher at 24,715, while the BSE Sensex rose 410 points or 0.51% to close at 80,568.
Stocks to watch on September 04, 2025
Auto stocks – Maruti Suzuki, M&M, Tata Motors
Some of the big auto stocks to watch out for this morning include the likes of Maruti Suzuki, M&M, Tata Motors. GST on smaller cars (less than 1200 cc) have been reduced to 18% from 28%. Focus will be on stocks like Bajaj Auto and TVS Motor as well after GST on bikes below 350 cc have been reduced to 18%. The makers of Royal Enfield bikes above 350 cc – Eicher Motors will be another stock to watch.
ITC
It will be interesting to see how the cigarette maker responds to the revised GST rates. While it would be a positive for the FMCG products, cigarettes will continue to see 40% GST. ITC is stepping up investments in its FMCG and agriculture businesses, said Chairman & Managing Director Sanjiv Puri, adding that the government’s push to simplify the GST regime could act as a powerful consumption trigger. The ITC Chairman shared that the diversified conglomerate has committed Rs 20,000 crore in fresh capital expenditure, with a sharp focus on expanding its FMCG portfolio, strengthening agriculture linkages, and scaling its paperboard operations.
Insurance stocks
Shares of life and health insurance companies, such as HDFC Life Insurance, SBI Life Insurance, Niva Bupa, among others, will be in focus on September 4, after the GST Council, in a decision late Wednesday night, exempted the individual life and health insurance from the Goods and Services Tax (GST). In addition to this, the GST on reinsurance costs has also been exempted.
Agriculture stocks
The agriculture stocks will also remain in focus with GST on tractors, soil preparation machinery, harvesters, threshers, fodder balers, grass sowing equipment, hay movers, composting machines, and similar equipment cut to 5% from 12%.
Vedanta
The Union Environment Ministry has deferred a decision on Vedanta‘s proposal to divert over 700 hectares of forest land in Odisha‘s Rayagada and Kalahandi districts for the Sijimali Bauxite Mines, citing unresolved issues over community consent, compensatory afforestation and ecological risks, government records show. The ministry’s Forest Advisory Committee (FAC), which met on August 25, said reports submitted by Odisha were silent on concerns raised by villagers and petitioners before the Orissa High Court.
JSW Cement
JSW Cement is sharpening its focus on cost efficiencies, aiming to pare down expenses by Rs 400 per tonne over the next two years, the firm’s management said during an earnings call on Wednesday. JSW Cement executives added that nearly half of this target has already been achieved through measures such as optimising logistics, shifting to renewable energy, expanding the use of alternative fuels, and increasing the share of premium products.
Food delivery stocks
Zomato and Swiggy have begun experimenting with higher platform fees in select markets, tweaking charges depending on demand patterns, according to industry sources. The flat Rs 10 levy that both have imposed since October 2024 is now being tested at Rs 12 for Zomato and Rs 12.70 for Swiggy in some locations.
BHEL
Bharat Heavy Electricals (BHEL) has accepted a Letter of Intent from MB Power, Madhya Pradesh, for the supply of boiler, turbine, and generator for the 800 MW Anuppur Thermal Power Project. In an exchange filing, the public sector company said that the estimated value of the order is about Rs 2,600 crore, excluding GST. Along with the boiler, turbine and generator, BHEL will also supply associated auxiliaries, controls and instrumentation.
Aditya Vision
Yashovardhan Sinha, Chairman and Managing Director of Aditya Vision, offloaded a 5.1% stake in the company for Rs 300 crore through block deals on September 03. According to exchange data, Sinha sold 32.6 lakh shares on the BSE at an average price of Rs 460.37 and an equal quantity on the NSE at Rs 461.04.
Muthoot Microfin
Muthoot Microfin said its Debenture Issue and Allotment Committee has approved the issuance of bonds of $15 million and non-convertible debentures (NCDs) aggregating up to Rs 150 crore on a private placement basis.