Indices Likely To Trade In Range Next Week

It was a roller coaster ride for the markets this week with one day up and the next day down.

- Motilal Oswal Team

The important event that caught everyone's attention was the GST reform that took place, and interestingly, the meeting that was scheduled from 3-4 September but to everyone's surprise, the outcome was delivered on September 3rd itself, where the committee cleared the next-generation reforms under the 8-year-old indirect tax regime. We see this as a Diwali gift after the already announced no income tax up to Rs 12 lakh under the new regime in Budget 2025 and 100bps cut in repo rate as well as the CRR rate in 2025. All of this will go a long way in making the economy stronger.