Weekly Market Pulse | GST 2.0 drives momentum
Indian equities ended the week mixed, balancing global headwinds with strong domestic reforms. Broader markets outperformed, and the Nifty 50 extended its winning streak to three sessions. Here’s a quick recap:
🔹 Index Highlights
- Sensex: 80,710.76
- Nifty 50: 24,741.00
- Nifty Bank: 54,114.55
- Nifty Midcap 100: 57,075.20
- Nifty Smallcap 100: +0.19%
🔹 Sector Snapshot
- Outperformers: Auto (+1.25%), Metal (+0.68%), Media (+0.59%), Banking (+0.07%).
- Underperformers: IT (−1.44%), FMCG (−1.42%), Realty (−1.16%).
🔹 Commodities & Currency
- Gold: ₹10,670–10,700 per gram; MCX Oct +0.49%.
- Silver: MCX Dec +0.67% to ₹1,24,500/kg.
- USD/INR: ~88.19 (record intraday low at 88.36).
🔹 Key Drivers
- Domestic: GST 2.0 reforms approved, expected to save consumers ₹48,000 Cr and boost consumption.
- Global: Fed likely to cut rates (Sept FOMC); China easing supports commodities.
- Flows: FIIs −₹5,666 Cr MTD; DIIs +₹13,444 Cr MTD.
- Volatility: India VIX at 10.78 – signaling low near-term risk.
📌 Takeaway: Strong DII support and GST 2.0 reforms position the market for steady growth, with the auto sector set to benefit most. Watch for global volatility but remain cautiously optimistic.
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