NEW DELHI: Stocks from sectors expected to gain from the implementation of the GST Bill, the biggest tax reforms ever, rallied on Tuesday ahead of the key GST Council meeting that begins later in the day. Under the new regime, the GST rate would be around 18-19 per cent.FMCG stocks such as Hindustan Unilever , Marico, Emami , Godrej Consumer Products and Colgate-Palmolive offered flat to negative returns since the Budget passage. This could also help them save significantly on their working capital requirements.Auto and Auto ancillary stocks were up 1-2 per cent on Tuesday. M&M and Ashok Leyland remained two auto stocks stocks, which have fallen up to 9 per cent since August 3. If the GST rate falls near 18-20 per cent, then the final prices of goods may come down to 9-10 per cent.

Source: Economic Times October 18, 2016 10:30 UTC