The upcoming week is expected to be crucial for the Indian stock market as investors will closely monitor the upcoming GST Council meeting, car sales data, GST collection data and the latest information on U.S. tariffs. The GST Commission is scheduled to meet from September 3 to 4 to discuss potential tax cuts. In addition, car sales data will enter from Monday, which will provide important information on the health of the economy.
Higher vehicle sales are often considered a sign of strong economic performance.
The market can also release first-quarter GDP data from Monday to Friday. India’s GDP growth exceeded expectations of 7.8% in the first quarter of fiscal 2026.
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Globally, any comments from the U.S. Federal Reserve on the possibility of lowering interest rates will be paid attention to as this may affect market sentiment.
Vinod Nair, head of research at Geojit Financial Services, said the first-quarter GDP data highlighted the strength of the Indian economy and provided a “buffer” for global volatility.
“Resolutions on tariffs can increase market sentiment, although 25% of tariffs remain in place,” he noted.
Nair said investors will also keep a close eye on upcoming domestic and U.S. macroeconomic indicators, including PMI data, unemployment claims, wage data and unemployed people.
The domestic market closed in red last week. Nifty fell 443.25 points, or 1.78%, to close at 24,426.85, while Sensex fell 1,497.20 points, or 1.84%, to close at 79,809.65.
Medium and small cap stocks inventories have also witnessed a sharp decline. The Nifty MidCAP 100 closed at 55,727.40, down 1,902.35 points or 3.30%, while the Nifty SmallCap 100 closed at 17,227, down 692.50 points or 3.86%.
In terms of sectors, PSU Bank (-3.46%), Financial Services (-2.85%), Real Estate (-4.28%), Energy (-2.52%), Metals (-2.35%) and PSE (-2.84%) were closed due to losses. The only profiter is the PSU index, which closed at 0.73%.
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