While the implementation of GST provides a better market growth option, we can expect a slow but steady growth in market value of commodities, manufacturing industries and end user products. We can be sure of overall market growth as even the stocks that usually have a low performance are expecting a steady increase in their market value.
GST has left the end user customers in turmoil, the public opinion of GST is mixed with both positive and negative approach and the same is clearly visible in today’s market output. We can see that the stock value of many manufacturing companies , value of commodities considered as lifeline of lifestyle such as crude oil , aluminium have gone up by at least 0.5% where as the purchase trend for consumer goods and retail sales except for sales of basic necessities has become very volatile or has slumped into negative trend. This is clearly proven by fact that price of gold, silver, copper and natural gas have become low and entertainment expense, mobile tariff, sales of mobiles and gadgets, hotel and restaurant fees, movie ticket pricing have become volatile.
This trend of volatile or low market value for retail and end user product can be expected to continue in weeks to come as many retailers are yet to register under GST due to lack of clarity with GST info.
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