🚨 KEY ANNOUNCEMENTS:
✅ Positive:
• S&P upgrades India's sovereign rating after 18 years
• PM Modi announces GST rate cut for Diwali (on goods only)
• PM Modi's Independence Day speech focuses on Semiconductors, Fertilizers, Defense, Hydrogen, Nuclear Energy, Critical Minerals, Employment
• Govt introduces two-rate GST structure: 5% / 18% (Sources)
• Trump: No secondary tariffs for India as of now
⚪ Neutral:
• India-US trade deal talks rescheduled from Aug 25 (Sources)
📈 Market Impact:
More than 250 stocks likely to be impacted
