Consumer Durable Stocks Today: Nifty & GST Reforms Update

The Indian stock market ended last week on a positive note, with the Nifty 50 closing at 24,631.30, up nearly 1%, while the Bank Nifty settled 0.6% higher at 55,341.85. Sectors like Healthcare, IT, and Autos gained, while Realty, Consumer, and Telecom faced pressure.

Trade Setup for Monday

In the stock market today, experts believe that Nifty needs to decisively move above the 24,750–24,800 resistance zone to aim for 25,100. On the downside, immediate support is placed at 24,470–24,450. If it falls below this level, it could slip further to 24,250 or even 24,100.

For the Bank Nifty, resistance is seen in the 55,700–55,800 range, while support lies around 54,900–54,800.

GST Reforms Could Boost Market Sentiment

Investors are also keeping an eye on Prime Minister Narendra Modi’s announcement regarding GST reforms. In his Independence Day speech, PM Modi hinted at next-generation reforms, likely by Diwali 2025. Reports suggest the government is considering reducing nearly 99% of goods from the 12% GST slab to 5%, and shifting many products from the 28% slab to 18%.

Today consumer durable stocks have direct gains because GST is a consumption tax. Analysts expect consumption to be strong in consumer durables, FMCG, and the agricultural sectors. Some stocks that will or could benefit if these reforms are enacted are Voltas, PG Electroplast, Whirlpool and Amber Enterprises.

Global Cues and Q1 Results

Global markets will impact the direction of the Indian stock market too. Softer inflation, economic data remaining resilient, and foreign investor activity will influence sentiment. Export-oriented sectors could remain volatile, whilst domestic sectors such as autos, infrastructure, and discretionary consumption could remain strong.

Consumer Durable Stocks in Focus

Market experts suggest watching consumer durable stocks today, especially after Modi’s remarks on GST reforms. Here’s how some major names are placed:

Voltas share price could gain if consumer demand improves in the cooling and appliances segment.
PG Electroplast share price is being tracked closely after steady volume growth in electronics.
Whirlpool share price may see a lift as lower GST could make household appliances more affordable.
Amber Enterprises share price could also benefit from higher consumer spending and seasonal demand.

Stocks to Watch Today

Experts have also recommended intraday picks for Monday, which include a mix of financials, technology, and manufacturing companies. Some of the highlighted stocks are Punjab National Bank, Tata Elxsi, DLF, Kingfa Science, Fedbank Financial Services, VA Tech Wabag, Apollo Micro Systems, and Manappuram Finance.