Auto and consumer sectors amplified gains early, leveraging consumer tax relief and anticipated festive uptick.
Meanwhile, Reliance and major IT stocks pulled back, creating near-term sectoral divergence.
The contrast highlights selective rotation, not market-wide expansion.
Domestic demand names got the spotlight; infrastructure and tech saw caution.
GST’s ~5–18% rate structure now filters through pricing dynamics in durable g
oods and autos.
Analysts expect GST-led cost savings to eventually flow into margin improvement.
But buybacks and valuation-sensitive sectors underline risk-savvy investing.
Focus is turning to upcoming earnings for validation of demand uplift.
Investors may diversify into consumption leaders rather than high-beta sectors.
The divergence sets up market play between festive optimism and global caution.