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Informist, Tuesday, Sept. 2, 2025

By Gopika Balasubramanium

MUMBAI – Domestic indices are seen falling more Wednesday as market sentiment remains bearish. Some analysts expect investors to continue with 'sell on rise' approach while others see them 'buy on dips'. Investors will take cues from US President Donald Trump's announcement at 2330 IST Tuesday, especially for any news related to India. Investors will also keep an eye out on the outcome of the GST Council meeting scheduled Wednesday-Thursday.

Trump's announcement gains importance in the backdrop of India's strained relations with the US and a thaw in relations between the country and China at Shanghai Cooperation Organisation Summit. On Monday, the US president took to his social media platform Truth Social to say that India has now offered to cut its tariffs to nothing but it is getting late. Effective Aug. 27, Indian exports to the US now attract 50% tariffs.

Tuesday, Indian benchmark indices gave up all the gains towards the end of the session as investors exited profitable positions. The Nifty 50 closed at 24579.60 points, down 45.45 points or 0.2%. The BSE Sensex closed at 80157.88 points, down 206.61 points or 0.3%. On the other hand, broader market indices closed higher. Technical analysts see the Nifty 50 move in a range of 24350-24750 points until either of the levels are breached. Some analysts see the trend remain bearish till the index crosses and stays above the psychologically important 25000 points.

This week, investors will also focus on the outcome of the GST Council meeting that ends Thursday. The government has proposed to do away with the existing four-slab goods and services tax system and keep only two slabs -- 5% and 18%. The proposed bill is pending GST Council's approval.

IDBI Capital Market & Securities maintains a positive outlook on Indian equities, as it believes monetary and fiscal policies are poised to drive economic growth and bolster corporate earnings. "The RBI's (Reserve Bank of India) monetary stimulus, including rate cuts and a reduction in the cash reserve ratio, combined with the government's expected GST cuts across multiple sectors to stimulate domestic consumption, are important steps," the brokerage said in a strategy report Tuesday.  End

Edited by Ashish Shirke

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