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Indian markets closed higher on GST reform optimism, with Nifty up 246 points and Sensex gaining 676. Auto, pharma, and FMCG stocks led gains, while Godfrey Phillips and Suzlon faced pressure amid sector-specific concerns.

Maneesh Dangi expects Indian equities to outperform the US over the next 6–12 months, with balanced portfolios recommended for domestic investors. Bonds may offer equity-like returns if rates fall. USD-INR is near its peak, while gold remains expensive and speculative. Systematic investments and careful allocation across sectors are advised.

Amnish Aggarwal highlights that potential GST reductions on daily-use and durables could boost consumer sentiment and domestic consumption. While price cuts may be modest, the changes are expected to increase demand, benefit larger brands, and support domestic manufacturing. Companies are likely to pass on these tax benefits to consumers.

Emkay Global has upgraded Nifty’s September 2026 target to 28,000, citing GST rationalisation as a landmark reform that boosts growth, earnings, competitiveness, and formalisation, with autos and cement as key beneficiaries.

A StocksEdge scan shows 10 NSE midcap companies steadily lowering their debt-equity ratios from FY21 to FY25, reflecting stronger balance sheets, lower leverage, and reduced financial risk for investors.

Wall Street s major indexes displayed a subdued performance at the opening bell on Monday, marking a calm commencement to a week filled with significant corporate earnings releases from prominent retailers. Investors are also keenly awaiting insights from the Federal Reserve s highly anticipated annual symposium in Jackson Hole.

Kotak Alternate Asset Managers strategist, Jitendra Gohil, warns that potential US tariff hikes on Indian goods could shave off 0.3-0.6% of India s GDP. He views this as a negotiation tactic, emphasizing the next two weeks are crucial. While corporate earnings might face pressure, Gohil suggests a strong domestic economy and festive season could boost consumption.

Mihir Vora of Trust MF highlights government focus on simplifying business regulations for MSMEs. GST rate cuts are expected for lower-income consumer goods to boost domestic demand. Self-reliance in defense and semiconductors is emphasized with potential incentives. The government is addressing implementation challenges and ease of doing business. Immediate GST cuts are preferred to avoid delayed purchases.

Consumer durable shares rallied on Monday as hopes of a GST cut ahead of Diwali lifted sentiment. IFB Industries surged 20% to Rs 1,538.75, PG Electroplast rose 13.6%, Voltas 10%, Amber Enterprises 8.7%, and Blue Star 8.7%, driving sector-wide gains.

Indian bond yields remained high, with the 10-year segment underperforming. CPI inflation fell to 2.10%, driven by lower food prices, raising hopes for RBI rate cuts. WPI inflation also slowed. Exports to the US increased, but overall exports were flat. A potential US tariff on Indian imports could impact GDP. The fiscal deficit stood at 18% in Q1FY26.