Buy on dips' near support remains traders' preference

The coming week (the week beginning on Monday) is set to be crucial for Indian capital markets, with the recent GST rate cut acting as a potential stimulus that could lift sentiment and trigger sectoral rallies, countering the negative sentiment of the IS tariffs in the near term.

- RITWIK MUKHERJEE

The coming week (the week beginning on Monday) is set to be crucial for Indian capital markets, with the recent GST rate cut acting as a potential stimulus that could lift sentiment and trigger sectoral rallies, countering the negative sentiment of the IS tariffs in the near term. At least that's what Puneet Singhania, Director at Master Trust Group, feels.

While the GST relief may boost near-term optimism and drive momentum in consumption-driven and domestic demand sectors, the longer-term trajectory will ultimately hinge on corporate earnings growth in the upcoming quarters, any deal between India and the USA and its impact on tariffs, which will shape sustained market direction, said Singhania.