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Indian government bonds experienced a decline early Friday. The benchmark 10-year bond yield increased. This drop is attributed to concerns about potential fiscal slippage. Traders are also anticipating a substantial debt auction this week. The government plans to sell bonds worth 360 billion rupees. Market sentiment was affected by goods and services tax reforms.

The rupee weakened to 87.36 against the dollar due to increased dollar demand, despite positive foreign fund inflows and lower crude oil prices. Traders are awaiting Jerome Powell s speech at the Jackson Hole Symposium. Uncertainty surrounding US tariffs on Indian exports also weighed on the rupee.

Sunny Agrawal anticipates GST rationalization to significantly boost consumption, benefiting sectors like auto, real estate, and new-age businesses such as food delivery services. While the pharma sector faces potential US tariff headwinds, CDMO companies and select large players like Lupin and Cipla show promise. The Indian pharma s cost-effectiveness makes significant US tariff impact unlikely.

Rajeev Agrawal highlights the escalating tensions between the US and India over tariffs and Russian oil imports, emphasizing the need for cooperation. He notes the potential impact of Jerome Powell s upcoming speech on interest rates amid rising inflation. Agrawal suggests investors monitor corporate earnings and favors BFSI and select auto segments, while cautioning on FMCG valuations.

Markets have comfortably crossed the 25,000 mark, supported by steady domestic inflows despite FII selling. Jitendra Gohil of ET Now sees festive demand, a strong monsoon, rising rural consumption, and GST-related reforms as major triggers for growth.

The selloff followed the Union Cabinet’s approval of the Online Gaming Bill, 2025, which is set to be introduced in Parliament. The proposed legislation aims to regulate gaming platforms offering monetary rewards, citing risks related to mental health, money laundering, and fraud.

Defence PSUs like HAL and BEL reported strong Q1 results driven by robust order inflows. HAL’s order book is set to hit ₹2.5 lakh crore, boosted by Tejas jet orders. Analysts see multi-year growth for defence electronics, shipbuilders, and mid-sized players despite high valuations.

Finfluencer Avadhut Sathe, known for his unconventional trading lessons, has come under SEBI’s scanner after a search-and-seizure operation at his Karjat academy on August 20, as part of the regulator’s crackdown on unlicensed financial influencers.

Apollo Micro Systems shares saw a significant rise. The company secured orders worth Rs 25.12 crores from DRDO and Defence PSUs. This news boosted investor confidence. The defence sector is gaining prominence. Government support and indigenous manufacturing are key factors. Defence stocks are attracting attention. The Indian Air Force will acquire 97 LCA Tejas Mark 1A fighter jets.