Brokerage also reflects September market volatility, following a strong rally from May to August 2025. Although the GST 2.0 announcement, which was rationalized by the tax slab and most of the items were transferred to 5% and 18% brackets, were seen as a positive trigger, however, the market could not sustain the pace.
This GST 2.0 Improvement, currency depreciation, inventory overhang, foreign institutional sales and global policy, especially in the US. Thanks to factors such as delayed influence in uncertainty.
Looking forward, Axis Securities publish four major global factors for monitoring: US Policy development, reciprocal tax negotiations, US Fed rate actions and way of currency and oil prices.
On the domestic front, it is expected to support a redo -recovery procurement of earnings in fiscal year 26, including an increase in the consumption of union budgets, financial ease by RBI and continuous effects of GST 2.0. Brokerage believes that the broadcast of this positive development will accelerate in FY 26, especially corporate earnings supporting policy actions.
While the pace of these benefits is becoming a major variable, the initial signs of rural reaction and elastic domestic demand can help to accommodate the risks in Indian equity markets and maintain positive pace.
Also read: Dussehra 2025: 45 Multibugar stocks return to 11,400% in 1 year
(Connection: The recommendations, suggestions, views and views of the experts are their own. This does not represent opinions of economic time)
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