Here's a breakdown of the latest stock market updates, GST rate changes, US-India trade talks, and stocks to watch for Tuesday, September 23, 2025.

Stock Market Updates

• Nifty 50 Outlook: Analysts expect the Nifty 50 index to consolidate within a range of 25,500–25,000. Immediate resistance is expected at 25,500–25,600, and a breakout above this level could lead to further gains. Key support lies at 25,100–24,900, coinciding with the 20- and 50-day exponential moving averages.
• Market Performance: On Monday, September 22, 2025, the NSE Nifty 50 closed lower for the second straight session, down by 0.49% at 25,202.35,amid profit-booking.
• Sensex: The 30-share BSE Sensex fell by 466.26 points or 0.56%, closing at 82,159.97 on Monday.
• Global Cues: GIFT NIFTY futures indicate a gap down opening for Indian markets on Monday.
• Expert Recommendations: Ajit Mishra from Religare Broking Ltd. mentioned that a break out at 25,500 level could lead to a rally towards 25,750. On the downside, 24,900-25,150 range is likely to offer support.

GST Rate Changes

• Simplified Structure: Effective September 22, 2025, India's GST system has been overhauled into a simpler structure. The previous multi-slab system has been replaced with core slabs of 5% and 18%, with a higher rate of 40% for luxury and sin goods.
• Key Changes: Daily essentials and agricultural equipment have seen rate reductions, dropping from 12%/18% to 5%. The 18% GST rate is now the standard for most consumer products and services, including mobile phones, air conditioners, refrigerators, televisions, and small cars.
• Luxury Goods: A 40% GST rate now applies to luxury and "sin" goods, replacing the earlier 28% GST plus additional cess. Tobacco, pan masala, and related products will eventually move to the 40% slab once GST compensation loan dues to states are fully settled.
• Items with Reduced Rates: Food items like pasta, noodles, cornflakes, pastry and cakes have been included in the 5% GST tax slab. Healthcare items like thermometers, medical-grade oxygen, diagnostic kits and reagents, glucometers and test strips have also been moved to the 5% slab. Items used in day-to-day life like face powder, hair oil, shampoo, toothpaste, tooth powder, and shaving cream will also see a reduction in prices.
• Items in the 18% GST Slab: This includes petrol and petrol hybrid LPG, CNG cars (not exceeding 1200 cc & 4000 mm), Diesel & diesel hybrid cars (not exceeding 1500 cc & 4000 mm), three-wheeled vehicles, motorcycles (350 cc and below), and motor vehicles for the transport of goods. GST on electronic appliances, including air conditioners, televisions above 32 inches, monitors, and projectors, has been reduced from 28% to 18%.
• Impact: These changes aim to reduce taxes on essential items, making them more affordable, while also easing tax compliance for businesses. FMCG and renewable sectors are expected to see a demand boost, while luxury auto makers and hospitality chains may face a slowdown.

US-India Trade Talks

• Ministerial Visit: Commerce and Industry Minister Piyush Goyal is leading a high-level delegation to the United States on September 22, 2025, to discuss the India-US trade deal.
• Objectives: The delegation aims to advance ongoing trade negotiations and work towards a mutually beneficial trade agreement. Discussions will focus on strengthening bilateral trade, investment, and economic cooperation across key sectors.
• Tariffs: The talks are especially important as the US has imposed a 50% tariff on Indian goods.
• Previous Discussions: Recent discussions in New Delhi between US Chief Negotiator Brendan Lynch and his Indian counterpart Rajesh Agrawal were described as positive. Both sides agreed to push for an early and mutually beneficial conclusion of the agreement.
• Trade Target: The pact is aimed at more than doubling the bilateral trade to USD 500 billion by 2030 from the current USD 191 billion.
• US Demands: The US is seeking greater access to India's dairy and farm sectors, which New Delhi is reluctant to open up. The US has also linked India's Russian oil imports to the trade deal negotiations.

Stocks to Buy or Sell

• Ganesh Dongre's Recommendations:
  • Kirloskar Pneumatic Company Ltd: Buy at ₹1,260 with a stop loss at ₹1,225 and a target of ₹1,320.
  • Rallis India: Buy, currently trading at ₹336 with support at ₹325, targeting ₹357.
• Hrishikesh Yedve's View:
  • Nifty 50 formed a bearish candle and retested the breakout level at 25,150. A decisive breakout above 25,150 could trigger short covering and potentially lead to a rally toward the 25,300 zone.

Please Note: This information is based on news reports available up to September 23, 2025, and is intended for informational purposes only. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.