India’s stock market got a mild boost this Diwali week, with benchmarks Nifty and Sensex ending higher for the fourth consecutive week.
The Nifty managed to reclaim the 26,000-mark after over a year and came close to its peak achieved in September 2024, as multiple tailwinds helped boost positive sentiment.
India and the US are closing in on a trade deal that could slash the current tariffs on Indian exports to 15-16% from the current 50%, as per media reports.
Indian corporates have reported healthy sales during the festive season. The cut in Goods and Services Tax (GST) is expected to provide a boost in consumer spending that accounts for over half of India’s GDP.
Moreover, Nifty valuations have cooled from their June 2025 highs to near the long-term average.
