Stock market today: 106 stocks hit 52-week lows, 122 stocks at 52-week high as Nifty 50, Sensex end flat
Published 14 Aug 2025, 03:35 PM IST Mint Image
Stock market today: 106 stocks hit 52-week lows, 122 stocks at 52-week high as Nifty 50, Sensex end flat
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Economic Times
25 minutes ago
- Economic Times
Two Trades for Today: A metals major for a 6.4% gain, a large-cap steel stock for almost 7% upmove
Following high expectations of a likely GST cut before Diwali, the markets have given a huge thumbs up to the prime minister's Independence Day address, as it opened with a gap up and ended with gains on Monday. The Nifty opened on a strong note, trending higher in the first hour to form the day's high point. The markets came off from the peak during the day but managed to protect the bulk of their gains. The headline index closed with a decent FONT SIZE SAVE PRINT COMMENT
The Hindu
25 minutes ago
- The Hindu
GST 2.0 announcement fuels market rally; Nifty closes 1% higher after two months
Stock markets rose sharply on Monday, with Sensex closing higher by 676 points and Nifty closing 1% higher for the first time in two months, buoyed by the GST reforms announcement by Prime Minister Narendra Modi. Accordingly, Nifty stocks of consumer facing sectors such as automobile, consumer durables and FMCG rallied. Nifty Auto rose 4.18%, closing at 25,127.20 points, Nifty Consumer durables rallied 3.4% to 38,590.60 points, and Nifty Realty rose 2.18% to close at 898.45 points. Besides the response to the GST announcement, a combination of other positive news on the global and domestic economy led to the rally that broke two months of a tepid market. On the domestic front, an eight-year low inflation and S&P's credit rating upgrade to BBB for the first time in 18 years, fueled the rally. Despite nine consecutive quarters of tepid earnings, analysts said both consumer durables and staples earnings reported 'better than expected revenue prints and management commentary.' They added that a potential tariff relief from the U.S. and cheaper crude oil helped keep the Nifty afloat. 'A combination of policy reforms (GST 2.0), sovereign rating upgrade, potential tariff relief, RBI and government stimulus, monsoon-led consumption revival and festive demand could trigger a strong recovery in the corporate earnings in the second half of FY26. Thus, we maintain a positive view on Indian equities over the next 6-9 months,' Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd. said in a research note.
Economic Times
2 hours ago
- Economic Times
GST reform push: Emkay raises Nifty target to 28,000 for September 2026, picks its 5 top beneficiary stocks
Brokerage firm Emkay Global Financial Services has raised Nifty's target to 28,000 for September 2026 with autos and cement as the preferred plays. The upgrade comes on the back of the Goods and Services Tax (GST) rationalisation proposal which could act as a rerating catalyst for the market, given its long-term growth benefits. ADVERTISEMENT In its latest India Strategy report titled 'GST 2.0 – Unleashing growth', Emkay called GST rationalisation as a landmark, growth-accretive reform that could become a potential market mover. The six-week downtrend should reverse, supported by i) a materially improved earnings outlook, and ii) valuations reflecting the broader positives of this landmark reform. Emkay's sector stance remains unchanged: OW Consumer Discretionary, with a preference for SMIDs in Staples and Cement within Materials. In Emkay's view, the second-order effects will be significant, accelerating formalisation of the economy and enhancing the global competitiveness of the domestic companies. This brokerage believes the government should absorb the near-term revenue loss through a higher deficit, as the growth boost is likely to offset the shortfall within 2–3 his Independence Day address on Friday, August 15, Prime Minister Narendra Modi announced about the reform, aiming to condense the current structure into two slabs. From the four-rate tax regime, the government could retain just two slabs of 5% and 18% while doing away with 12% and 12% slabs. There could be a higher 40% sin tax on alcohol, cigarette, and gaming companies. ADVERTISEMENT 'This reform is a significant positive for India as it provides a consumption boost, simplifies business operations through fewer tax slabs, and drives greater formalisation of the economy by making tax evasion less attractive,' the brokerage note said. Unlock 500+ Stock Recos on App Calling it a big boost for autos, durables, and cement, Emkay sees passenger vehicles (PVs), 2Ws, ACs, cement, and packaged foods categories to likely benefit from the GST move. ADVERTISEMENT Emkay's advice to investors is to best play these themes through companies addressing mass-segment brands in each category –Emkay picks Hero Motocorp, Maruti Suzuki, Voltas, and Ultratech as key stocks; Bikaji is a small-cap idea. ADVERTISEMENT 'The benefits accrue to a narrow segment of the market (9.5% of Nifty) with a negligible (below 1%) direct EPS impact for the Nifty,' Emkay said, estimating 10-15% EPS revisions for the companies in the relevant expects the Centre to absorb a fiscal slippage of 0.1%/0.2% in FY26/FY27, which should be partly offset by revenue buoyancy and asset sales. ADVERTISEMENT Emkay said that nearly 70–75% of GST revenue is derived from items under the 18% slab, while the 28%, 12%, and 5% slabs contribute 14%, 5%, and 7%, respectively and the preliminary estimates suggest that the proposed rate rationalisation could cost the exchequer over Rs 1.2 trillion annually (0.4% of GDP).The BJP-led government will need to push the reform by bringing the states on timelines remain uncertain, given the multi-step approval process. In S&P's upgrade of India's sovereign rating to BBB is another major positive. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
