New Delhi, Aug. 29 -- Despite the overall market being weighed down by higher US tariffs, which dragged both benchmark indices sharply lower in August, some stocks managed to navigate the volatility and ended the month with stellar gains, as investors adopted a stock-specific approach amid tariff tensions.
The major winners emerged from the auto pack, where sentiment improved on expectations that potential GST cuts could revive demand in urban India, which has remained sluggish in recent quarters.
Adding to the optimism were other supportive factors such as corporate tax cuts, a cumulative 100 basis-point reduction in the repo rate, the approaching festive season, and a healthy monsoon-all of which have strengthened the outlook for the ...
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