On Business Today, the Indian stock market’s rally extends for a sixth consecutive session, with the Nifty approaching the 25,000 mark. Positive sentiment is driven by renewed trade talks between the US and India, boosting sectors like IT and textiles. The domestic economy is also in focus with a projected festive season spending of ₹2.19 lakh crore by urban India, spurred by GST rate cuts. This is expected to drive demand for consumer durables, gadgets, and fashion. Chief Economic Adviser V Anantha Nageshwaran stated that GST reforms could offset the impact of US tariffs, limiting the GDP drag "to 0.2 to 0.3% in FI 26." Additionally, the primary market shows strong investor appetite, with three IPOs, including Urban Company, being fully subscribed on their first day. #businesstoday #stockmarket #nifty #sensex #marketrally #indianeconomy #gst #festiveseason #ipo #urbancompany #usindiatrade #itstocks #investment #finance #dalalstreet
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