Market Performance Apparel and real estate stocks performed well on September 4. The GST Council’s recent decisions spurred new buying. This action, designed to lessen taxes on many goods, quickly boosted key retail and property shares.
The Nifty Realty Index rose nearly 1% to 898.05. Leading apparel and retail firms like Trent, Vishal Mega Mart, and Shoppers Stop saw good gains. Major real estate companies such as Godrej Properties, Raymond, Prestige Estates, Macrotech Developers, Oberoi Realty, Brigade Enterprises, and DLF also showed an upward trend. The day’s trading demonstrated how policy choices can quickly impact sector performance on Dalal Street.
Main News: GST Council Sparks Market Buzz The GST Council meeting concluded on September 3. It approved tax reforms affecting retail and real estate.
Key GST Changes: Apparel under ₹2,500 now has 5% GST. Previously, this applied only up to ₹1,000. Apparel and accessories over ₹2,500 face an 18% GST rate. This is up from 12%. Cement, vital for real estate, saw its GST drop from 28% to 18%. This lowers costs for builders and may improve profits. This reduction for affordable apparel and lower input costs for developers fueled sector stocks.
Company Details Apparel & Retail Stocks Trent Ltd shares jumped over 3%. They reached about ₹5,660. The stock gained 7% in five days. It is up 13% in six months. Its P/E ratio is nearly 127.5. Vishal Mega Mart gained around 3%. This showed investor confidence in retail sales. Shoppers Stop climbed nearly 2%. This continues its recent gains. Real Estate Stocks Godrej Properties advanced close to 2%. Shares traded near ₹2,048. Raymond, Prestige Estates, and Macrotech Developers (Lodha) all rose about 2%. Oberoi Realty, Brigade Enterprises, and DLF each gained around 1%. This broad rise in developers shows how a single GST change can benefit the entire real estate sector.
Summary of the Article Market activity on September 4 showed GST reforms impact investor decisions. Retail boost: Lower GST on affordable apparel makes brands more accessible. This raises hopes for companies like Trent, Vishal Mega Mart, and Shoppers Stop. Realty uplift: Reduced GST on cement improves builder efficiency. This boosts stocks like Godrej Properties, Prestige Estates, DLF, and Oberoi Realty. Broader sentiment: The Nifty Realty index rose. Apparel stocks outperformed.
The day brought optimism for consumer and real estate sectors. In short, GST Council decisions directly boosted apparel retailers and property developers. This led to a significant stock price increase.