Markets cooled after Thursday’s GST 2.0 cheer, with FMCG/IT slipping and the rupee hitting a fresh low. We break down what the rate cuts could mean for your wallet—from grocery bills to two-wheelers—plus the trade-offs from higher levies on oil & gas. Also on the docket: key takeaways from Reliance’s AGM (Jio IPO by mid-2026), Bank of Baroda’s RCom ‘fraud’ tag, and SoftBank trimming Ola Electric. What to watch next: CPI & IIP on Sept 12 at 4:00 PM IST.

Sophia and Jason unpack the GST Council’s “Diwali bonanza,” with rate cuts that push the Nifty past 24,800 and the Sensex above 81,100—and they translate what cheaper essentials, small cars, and two-wheelers mean for your wallet and for corporate India. They spotlight the day’s leaders (auto and FMCG—think M&M, Eicher, TVS, HUL, Britannia, Colgate) and hit quick headlines on SEBI’s proposed intraday limits, the RBI’s simpler KYC rules, and a blockbuster PMI. Plus, what to watch next: the Sept 12 CPI print and how it could sway the RBI’s path

Sophia and Jason break down today’s mixed market signals—flat indices, a pivotal GST Council meeting, and record-breaking PMI data. From potential consumer tax cuts and inflation risks to SEBI warnings, RBI lending rules, and Tata Capital’s $2B IPO buzz, this episode delivers the insights you need to stay ahead in India’s financial markets.