GST relief expectations may bring some respite to Indian equity markets today

US equity markets ended the week on Friday, 15^th August on a mixed note. Nasdaq ended the day, down by 87.69 points or 0.40%. Dow Jones ended the day, up by 34.86 points or 0.078%. S&P 500 ended the day, up by 18.74 points or 0.29%.

Ukraine President Volodymyr Zelensky will meet President Trump in Washington today, along with some European leaders. This, to discuss the proposals discussed in the meeting on Friday between President Trump and President Putin, to end the war in Ukraine.

European markets ended the week on a flat note

Euro Stoxx 50 ended the day on Friday, up by 13.91 points or 0.26%. Dax ended the day, down by 18.20 points or 0.075%. FTSE 100 ended the day, down by 38.34 points or 0.42%.

Asian markets have started the day today on a strong note

At 8:55 a.m. on 18^th August, Nikkei 225 is up by 379.53 points or 0.97%. Hang Seng is up by 74.41 points or 0.29%. Kospi index is down by 42.06 points or 1.30%. Shanghai index is up by 42.86 points or 1.16%.

GST relief announcement may bring some respite to Indian markets today

The government has announced that it will roll out GST reliefs by Diwali. According to reports, GST on cars will be reduced from 28% to 18%. This may bring some relief to auto sector stocks.

According to reports, the US trade team has postponed its upcoming visit to India on 25^th August for discussing the bilateral trade deal. Meanwhile, Indian commerce secretary has said that India is fully engaged with US on the trade deal. Indian markets are unlikely to get a strong footling until India reaches a trade deal with United States.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest. To get any error corrected, please write to content@hdfcsec.com.

Source: Dow Jones