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DMS-1145 Stock Market News | #dailymoneyshow
Takeaway
India-US trade deal moving forward with possible November signing; GST cuts on building materials may give modest relief to home buyers.
Summary
- Sensex closed at 81,904 (+355); Nifty at 25,114 (+108); US Aug CPI in line with expectations supporting Fed rate-cut hopes
- Commerce Minister Piyush Goyal invited to US by Trump for trade-deal discussions; first range of deal expected by November
- US ambassador comments: India should stop buying Russian oil; US worried about India tilting toward China; Quad summit India hosting at year-end - Trump may attend
- CREDAI chairman: GST cuts on cement/building materials will be partly passed to home buyers - relief expected on rising real-estate costs
- Stamp duty remains a separate concern; only material-cost reduction will be passed to end-user
- Friday question on long-term gold price rise since gold near all-time high
trade-dealtrumpgst-cut
Original description
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