Nifty targets 25,000 as GST rate cuts boost festive sentiment
Indian markets may open gap-up Thursday after the GST Council simplified slabs to 5% and 18%. Analysts expect FMCG, auto, retail, and consumer durables to gain, while insurers may face pressure. Nifty support is seen at 24,580-24,600 and resistance near 25,000, with a breakout potentially taking the index toward 25,200-25,350.