ITC, HUL, among other FMCG stocks in action post GST rate change - Check details

Fast-moving consumer goods (FMCGs) are in action today as the GST Council has approved a two-slab structure, which will result in the reduction of a wide range of FMCG products. The new GST slabs will take effect from September 22, just ahead of the peak festive season. Buoyed by the development, stock markets surged in the opening trades, and FMCG stocks were among the top gainers. The Nifty FMCG index surged 2.66 per cent in the opening session, with stocks rallying by up to 7 per cent.  

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