GST reforms a growth trigger, dips offer opportunity, says Rahul Shah

He noted that the downside in equities is likely to remain limited, with sentiment gradually improving across sectors. The clear beneficiaries we saw in the initial round were consumer discretionary companies, FMCG, auto companies, and so on. My sense is we will continue to see more upside in the markets, and any decline in the near term would be a good opportunity to invest.