FX.co ★ Indian Stocks End on Negative Note

India's BSE Sensex retreated from its initial rise to end the session approximately 0.3% lower at 80,158 on Tuesday, reversing the previous day's gains. This downturn was driven by profit-taking activities as investors remained cautious ahead of the upcoming GST Council meeting and amid prevailing global uncertainties. The market participants are keenly anticipating the two-day 56th GST Council meeting commencing on September 3, where tax reductions of 10 percentage points on 175 products, including shampoos, hybrid cars, and electronics, are anticipated. Concurrently, a significant development in trading practices saw the NSE's weekly futures and options derivatives expiries being moved to Tuesday from Thursday, effective today, introducing additional pressure and volatility in the market. Additionally, US President Donald Trump criticized the India–US trade deal as a 'one-sided disaster' on Truth Social, mentioning that despite India offering zero tariffs on US imports, the opportunity for an agreement might have elapsed. In the equities space, M&M, ICICI Bank, Kotak Bank, and Asian Paints emerged as notable laggards, whereas Power Grid, NTPC, and Tata Steel recorded substantial gains.