Sensex, Nifty50 halt 2-day winning run amid weakness in FMCG, IT shares

A nascent rally fizzled out in the domestic equity market on Friday amid selling pressure in FMCG and IT shares, as investors weighed the fine print of the Centre's GST bonanza to the public ahead of the festive season.

In the past two sessions, the Nifty50 had risen 154.7 points, or 0.6 per cent, amid optimism around the 56th meeting of the GST Council, after PM Narendra Modi promised "substantial" indirect tax cuts before Diwali this year.