Sensex slips 100 PTS, Nifty below 24,600 like banks and he weighs GST meat

The Indian benchmark indices Sensex and the Nifty slipped on Wednesday, pulled down by banking and shared it, as investors became alert with the Key Goods and Services Tax (GST) Council meeting, which is expected to reduce the cost of goods.

The S&P BSE Sensex fell 127.58 points or 0.16%to 80,030.30 on the opening bell, while the NSE Nifty fell 50 39.3 points or 0.16%to 24,540.30.

On the Sensex, shares of Infosys, Bharti Airtel, Bajaj Finance, ICICI Bank and Hindustan Unilever have fallen between 0.4% and 1%.

IT companies, which are US From a large share of their income from, it softened 0.3%, while Financials are 0.1% lower.

On the contrary, Auto was up 0.1% and consumer stocks a similar period before the GST Council meeting on Wednesday, where tax reduction consumption is expected to increase.

With small-cap stocks up 0.5% and mid-CAPS 0.3%, the wider markets surpassed.

Specialist

The main investment strategist of GeoGit investments. VK Vijay Kumar said that the markets face intense instability amid the increasing global uncertainty, while “there are both positive and negative factors,” while India includes continuous pressure and related jobs on exports as a fine of 25% penalties.

Side Late, Vijay Kumar pointed to India’s Q1 GDP growth of 8.8%, showing strong pace that “will be further accelerated by the upcoming GST updates.” According to him, this can lead to an upward research in the growth of earnings of fiscal year 26 and fiscal year 27, withdrawing potential foreign investors to Indian equity and “next week” rally.

Vijay Kumar said that if the US The Supreme Court rejects the administration’s appeal on Trump’s tariff. Vijay Kumar said, “The unstable days are ahead,” it advises investors to invest and collect high-quality, very valuable stocks slowly. “

Anand James, chief market strategist of GeoGit Investments, said that the Nifty passed a lot of part of the first part within the 24,697–24,809 band, which was previously known as a Side Target, before he slipped before describing as a “trade of rejection”.

James said, “Although the Nifty managed to close above 24,550, our optimism is reduced than yesterday.” The steps above 24,670 may re-hopes, but James warned that “the objectives of the loss of 24,200-24,075–23,860 are back on the radar, which calls for more precautions than ever.”

Global markets

On Wednesday, Sold in Bonds in Asia, sends yields more and pushes investors to gold, which gained fresh records as anxiety of government debt and slow growth.

Japan’s 30 -year -old government bond yields at the unprecedented 3.255%by tracking overnight moves in US Treasuries and UK Gilts. Weak opening in Tokyo stocks, after losing mirror on Wall Street, data showed us a direct sixth month in August under the weight of import tariffs.

Investors are now looking for European data for how the economies are navigating President Donald Trump’s unexpected tariff policies, while Friday’s Nonfarm Peroles, which are expected to guide Federal Reserve Policy this week, Federal Reserve Policy.

Job openings and private payroll figures in the coming days will provide initial reading on the Labor Market, which is at the center of the Fed’s rate-cut discussion.

According to Reuters, the markets will race the Central Bank later this month, with 89% of the futures cutting the quarter-point.

Impact

Oil prices remained stable in Asia on Wednesday, which integrated the benefits from the previous session of fuel by sanctions, as traders turned their attention to the OPEC+ meeting set on the weekend.

Brent crude fell 1 percent by 0032 GMT to.1 69.13, while the US West Texas intermediate 4 cents reached $ 65.63.

Fii/dii tracker

On the institutional front, the Foreign Institutional Investors (FII) sold equity worth Rs 1,159 crore on September 2, while domestic institutional investors (DIIs) were Rs. There were net buyers worth Rs 2,550 crore.

More to come …