The Indian equity market ended the week on a flat note after a highly volatile session. Early optimism, fueled by expectations of the upcoming GST 2.0 reforms, lifted the indices sharply in morning trade, but profit-booking in IT and consumer companies erased much of the gains by closing time.
- Sensex slipped slightly after opening nearly 900 points higher.
- Nifty 50 managed to hold steady, ending close to 24,741, up just 0.03%.
Sector Performance
- Winners: Auto and Metal stocks gained on hopes of tax benefits and reform-driven demand.
- Losers: IT and FMCG stocks came under pressure as investors locked in profits.
Notable Stock Moves
- Reliance Industries and HDFC Bank supported the market in early trade.
- Bharti Airtel gained nearly 1%, showing relative strength.
- ITC and Tech Mahindra declined, dragging their sectors lower.
Market Sentiment
Overall, investor mood remained cautious. While reforms are seen as positive for long-term growth, traders preferred to book profits after the strong rally earlier this week. Global cues, crude oil prices, and foreign investor flows also influenced today’s movements.
