Emkay Global has upgraded Niftys 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.
FIIs sold Indian equities worth 1.16 lakh crore in 2025, but Helios Capital Management's founder & fund manager Samir Arora calls it marginal rebalancing. Arora stressed FIIs $750 billion India exposure and IPO/QIP investments reflect confidence despite near-term market underperformance and global trade concerns. He said that there is nothing wrong with the FII/FPI selling.
Global markets show cautious optimism as geopolitical clarity from Trump-Putin and Zelenskyy talks could marginally boost sentiment. Strong tailwinds from Indias GST reforms and positive earnings support markets. Aerospace and defence remain key outperformers due to ongoing security investments, with potential long-term gains despite unresolved geopolitical tensions.
Mark Zuckerberg is trying to avoid giving a deposition in a privacy lawsuit. Meta argues he lacks unique knowledge. The case involves allegations of collecting user health data via the Pixel tool. Plaintiffs claim Zuckerberg knew about this. Meta denies wrongdoing. The 9th Circuit Court is considering whether to compel Zuckerberg's testimony.
It is the Chicago Bears pocketbook that may be of more importance in trying to convince Chicago legislators to vote to ease the way for them to leave the city.
A potential GST cut could inject $13 billion into consumption, but Bernstein's Venugopal Garre cautions it may hinder government capital expenditure, particularly in transportation. While consumer demand might see a temporary surge, private sector investment is unlikely to follow suit, keeping Nifty earnings growth moderate.
Mutual funds bought Rs 45,400 crore worth of stocks in July, with State Bank of India emerging as the top pick at Rs 10,200 crore. IT giants Infosys and TCS saw inflows of Rs 9,400 crore, while Anthem Bio and HCL Technologies also attracted significant investments.
Prime Minister Narendra Modis Independence Day GST reform announcement is seen as a game-changer, with brokerages projecting a Rs 2.4 lakh crore demand boost and a 5070 bps lift to GDP growth. Expected around Diwali, the reforms, coupled with earlier income tax cuts, are set to fuel discretionary spending, with auto and consumption stocks poised to benefit most.
