Top Market Movers: Key Stocks to Track as New Tax Bills and Sector Updates Shape Trade

Markets are set for a strong start as auto sales data, new excise and cess bills, and multiple corporate developments drive widespread stock-specific action across key sectors.

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2 days ago

Top Market Movers: Key Stocks to Track as New Tax Bills and Sector Updates Shape Trade

Top Market Movers: Key Stocks to Track as New Tax Bills and Sector Updates Shape Trade
Markets are set for a firm start on December 1 with GIFT NIFTY indicating a 117 point gap up for NIFTY50. Early trade showed weakness in tobacco counters such as ITC, VST Industries and Godfrey Phillips as the government prepares to introduce the Central Excise Amendment Bill, 2025, and the Health Security  National Security Cess Bill to maintain tax incidence on sin goods once the GST compensation cess ends. Auto companies including Maruti, Hyundai India, M&M, Tata Motors, Eicher Motors and Bajaj Auto will stay in focus as November sales data begin to roll out.