Markets closed slightly higher Thursday after early GST-led gains were unwound by profit-taking.
Auto and consumer staples led early gains; M&M and Bajaj Finance were top performers before retr
acing.
Mid and small caps saw weekly gains of 1.4% and 1.8% respectively, even amid retreat.
Investors now await visible demand uptick to give verdict on sustained rally.
Leadership may now shift to companies with trailing earnings upgrades.
Market breadth remains mixed, suggesting caution.
Tactical trades advised until fundamentals align with reform narrative.
Analysts suggest watching consumer durable volume trends and rural indi
cators.
Domestic inflows outpaced foreign ones—an encouraging sign of sentiment base.
GST remains a compelling story—whether it becomes a long-term theme hinges on
evolving investor confidence.