MUMBAI: The holiday-truncated week saw festive-driven optimism and upbeat consumer sentiment as it welcomed the Samvat 2082. However, the momentum gradually lost its steam, as geopolitical tensions and profit-taking weighed on investors' confidence.
Record festive sales underscored India’s surge in consumer demand this season, powered by resilient household spending and GST-driven affordability.
PSU banking stocks led the rally, buoyed by news of potential consolidation and better-than-expected results.