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Mkts log best week in 2 mths on GST boost
Business Standard
|September 06, 2025
The benchmark indices ended little changed on Friday but posted their best weekly gain in over two months, buoyed by optimism that cuts to the goods and services tax (GST) on everyday goods will spur economic growth.
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The Nifty rose 7 points, or 0.03 per cent, to close at 24,741, climbing 1.3 per cent for the week. The Sensex fell 7 points to settle at 80,711, but ended the week 1.13 per cent higher.
This was the best week for both indices since June 29, and only their third weekly gain since then.
This week's gain came after the GST Council, which comprises Union and state finance ministers, lowered rates and cut taxes on items such as food products, automobiles, consumer durables, and individual insurance purchases.
Foreign portfolio investors (FPIs) sold shares worth about ₹1,305 crore on Friday and ₹5,667 crore during the week.
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