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Key Points

Next week promises to be eventful for Indian markets with multiple key triggers. The GST Council meeting could bring important tax decisions while auto sales data will reveal consumer sentiment. Strong Q1 GDP growth at 7.8% provides a solid foundation despite recent market declines. Global cues including US Fed policy and tariff developments will also play a crucial role in market direction.

Key Points: GST Council Meeting Auto Sales GDP Data to Drive Markets

  • GST Council meets Sept 3-4 to discuss potential tax cuts
  • Auto sales data starting Monday to indicate economic health
  • India's Q1 GDP grew 7.8% surpassing expectations
  • US Fed comments on rate cuts to influence global sentiment
2 min read

GST meet, auto sales, GDP data and global cues to drive stock market next week

Key events including GST Council meeting, auto sales data, Q1 GDP growth at 7.8%, and global cues to influence Indian stock markets next week.

"Q1 GDP numbers highlight the strength of the Indian economy, providing a buffer zone against global volatility - Vinod Nair, Geojit Financial Services"

Mumbai, Aug 31

The coming week is expected to be crucial for Indian stock markets as investors track the upcoming GST Council meeting, auto sales data, GST collection figures, and updates on US tariffs.

The GST Council is scheduled to meet on September 3–4 to discuss possible tax cuts. At the same time, auto sales numbers will start coming in from Monday, offering key insights into the health of the economy.

Higher vehicle sales are generally seen as a sign of strong economic performance.

Markets may also react on Monday to the first-quarter GDP data released on Friday. India’s GDP grew by 7.8 percent in Q1 of FY26, surpassing expectations.

Globally, any comments from the US Federal Reserve on potential rate cuts will be closely watched, as they could influence market sentiment.

Vinod Nair, Head of Research at Geojit Financial Services, said that the Q1 GDP numbers highlight the strength of the Indian economy, providing a “buffer zone” against global volatility.

“A resolution on tariffs could boost market sentiment, though there is still a possibility of the 25 percent tariff staying in place,” he noted.

Nair added that investors will also keep a close eye on upcoming domestic and US macroeconomic indicators, including PMI data, jobless claims, payroll figures, and unemployment numbers.

Last week, Indian markets closed in the red. The Nifty fell 443.25 points, or 1.78 per cent, to 24,426.85, while the Sensex dropped 1,497.20 points, or 1.84 per cent, to settle at 79,809.65.

Midcap and smallcap stocks also witnessed sharp declines. The Nifty Midcap 100 slipped 1,902.35 points, or 3.30 per cent, to 55,727.40, while the Nifty Smallcap 100 shed 692.50 points, or 3.86 per cent, to close at 17,227.

On the sectoral front, PSU banks (-3.46 per cent), financial services (-2.85 per cent), realty (-4.28 per cent), energy (-2.52 per cent), metals (-2.35 per cent), and PSE (-2.84 per cent) ended lower. The PSU index was the only gainer, closing 0.73 percent higher.

- IANS

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Reader Comments

P
Priya S
Auto sales numbers will be crucial. If people are buying cars, it means confidence in economy is back. Last week's market fall was concerning though 😟 Hope we see recovery soon
A
Arjun K
US Fed decisions always impact our markets more than they should. Wish our markets were less dependent on global cues. Still, strong fundamentals should help us weather the storm 💪
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Sarah B
The midcap and smallcap correction was overdue. Retail investors should be careful and not panic sell. Quality stocks will bounce back eventually 📈
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Vikram M
Hope GST council reduces rates on essential items. Inflation is still hurting middle class families. Economic growth should translate to better living standards for all 🇮🇳
M
Michael C
The PSU index being the only gainer is interesting. Maybe investors are looking for safer bets amid volatility. Smart money moving to defensive sectors?

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