FX.co ★ India Stocks Muted Ahead of Key GST Council Meeting

On Wednesday morning, the BSE Sensex exhibited minimal movement, hovering around the 80,185 mark during a volatile trading session. Investors remained vigilant as they awaited the start of the significant Goods and Services Tax (GST) Council meeting anticipated to announce reductions in tax rates. The session saw gains in pharmaceutical and energy stocks, which helped counterbalance the downturns observed in the technology and real estate sectors. Market participants were also looking ahead to the release of the US employment data later in the week, a key indicator that could impact the upcoming monetary policy decision of the Federal Reserve. The previous night, Wall Street ended on a lower note due to ongoing uncertainties surrounding trade policies and interest rates. On the domestic front, revised data indicated that India's private sector growth was slightly adjusted downward; nonetheless, it still signified the most substantial expansion in over 17 years, supported by strong performance in manufacturing and services. Among individual stocks, Tata Steel appreciated by 1.7%, JSW Steel advanced by 1.2%, and IndusInd Bank increased by 1.0%, whereas Infosys and Bharti Airtel experienced declines of 1.2% and 0.7%, respectively.