Will old MRP goods get cheaper after new GST rollout?:PM Modi declares GST savings festival, SBI market cap hits ₹7.96 lakh crore

Prime Minister Narendra Modi on Sunday announced the start of a “GST Savings Festival,” saying that with the sunrise on September 22, consumers will benefit from a simplified tax regime. From today, GST on essential goods will be levied in only two slabs — 5% and 18% — aimed at making the system more transparent and easier to follow. Meanwhile, the State Bank of India (SBI) emerged as the biggest gainer in last week’s market activity. According to data, the market value of seven of India’s top-10 companies rose by ₹1.18 lakh crore. SBI led the rally with a jump of ₹35,953 crore, taking its market capitalization to ₹7.96 lakh crore. Bharti Airtel followed, adding ₹33,215 crore in value. What to Watch Today Big Stories 1. Market value of 7 out of top 10 firms surged by ₹1.18 lakh crore in the past week; SBI’s market cap rose the most — ₹35,953 crore — followed by Bharti Airtel with ₹33,215 crore. In last week’s trading, the combined market capitalization of seven of the country’s top 10 companies rose by ₹1.18 lakh crore, while three firms saw a decline of ₹22,095 crore. State Bank of India (SBI) recorded the sharpest gain, adding ₹35,953 crore to its value and taking its market cap to ₹7.96 lakh crore. Bharti Airtel followed with an increase of ₹33,215 crore, pushing its valuation to ₹11.19 lakh crore. Click here to read the full report 2. Sept 22 and 24 to be Crucial for Markets: Key Support-Resistance Levels and 5 Factors That Will Drive Movement This week, September 22 and 24 are expected to be crucial for the stock market. According to Harshubh Shah, Director at Wealthview Analytics, these dates could trigger a possible short-term trend reversal. Market movement will also be influenced by several key factors, including President Trump’s H-1B visa fee hike, global cues, the rollout of GST 2.0, foreign investor activity, and technical indicators. 3. New GST Rates Take Effect Tomorrow: Prices of Paneer, Ghee, Soap, Shampoo, Cars and ACs to Drop; What About Old Stock? Starting September 22, GST on essential goods will be charged under just two slabs — 5% and 18% — as part of the government’s effort to simplify the tax structure. This move will make everyday items such as paneer, ghee, soaps, and shampoos, as well as cars and air conditioners, more affordable. The decision was finalized during the 56th GST Council meeting, with Finance Minister Nirmala Sitharaman announcing the changes on September 3. We have compiled answers to 9 key questions to explain how this change will affect you. Click here to read the full report 4. PM Modi’s 20-Minute Address: Announces GST Savings Festival from Tomorrow, Says Every Family Will Benefit; Kharge Counters, Calls It a Band-Aid Solution Prime Minister Narendra Modi addressed the nation on Sunday, announcing that with the sunrise on September 22, the GST Savings Festival would begin, benefiting all sections of society. He also urged citizens to support local industries, saying, “Buy only those goods that carry the sweat of our countrymen.” In his 20-minute speech, the Prime Minister highlighted the importance of GST reforms, self-reliance, and indigenous products. He appealed to state governments to boost domestic manufacturing and create a favorable investment climate, stressing that the vision of a self-reliant India can only be achieved when the Center and states work together. Click here to read the full report Also take a look at who were the world’s top 10 richest people yesterday Updates on Friday’s stock market performance and gold and silver prices Market Update (19 September 2025) Indices: Nifty Top Gainers Nifty Top Losers Check the latest prices of petrol, diesel, and domestic gas cylinders.