GST meeting, macro data to drive markets

Equity markets this week would keenly track the upcoming GST meeting, macroeconomic data announcements and trading activity of foreign investors for further movement, analysts said.

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Moreover, developments related to tariff negotiations, global market trends and auto sales data would also drive investors’ sentiment.

“Looking ahead, India's resilience, supported by strong Q1 GDP print driven by government spending and policy measures, may provide a buffer against external headwinds, though fiscal concerns remain. A resolution of tariff disputes could act as a key catalyst for market sentiment," Vinod Nair, Head of Research, Geojit Investments Ltd, said.

India's economy grew by a stronger-than-expected 7.8 per cent in April-June, its fastest pace in five quarters, before US President Donald Trump imposed tariffs that now cloud the outlook, threatening key exports like textiles.