NEW DELHI : The domestic equity market is set for an eventful week, with analysts pointing to proposed reforms in the Goods and Services Tax (GST) regime, the upcoming Trump-Putin summit, and S&P’s upgrade of India’s sovereign credit rating as key drivers of investor sentiment.
Prime Minister Narendra Modi on Friday announced that the government will roll out major reforms in the GST framework by Diwali. The changes are expected to reduce the prices of everyday items while addressing long-standing issues of compliance, tax evasion, and litigation in the eight-year-old system.
Alongside domestic reforms, global cues will play a critical role. Market watchers said trends in international equities and trading patterns of foreign institutional investors will be closely tracked in shaping market momentum.