On Thursday, September 1, key Indian stock indices saw losses as yesterday India’s GDP jumped 7.1% in Q2 vs. analysts’ expectations of 7.6%. However, market participants are hopeful that the Indian regulator will ease its monetary policy in the short term. By the close, the Nifty 50 fell 0.13% to 8,744.65, and the BSE Sensex 30 Index eased 0.1% to 28,423.48.As for the Nifty 50 advancers, GAIL and Coal India added over 1.3%. On the downside, Bharti Airtel and Idea Cellular plunged 6%. On the BSE Sensex 30, the day’s best performers included GAIL, Coal India and ICICI Bank, while Bharat Heavy Electricals and Bharti Airtel led the laggards (-2.48% and -6.37%, respectively). In the currency market, the USD/INR firmed 0.04% to 67.01, and EUR/INR ticked down 0.04% to 74.695, while the 10-year government bond yield rose 0.01% to 7.11%. Also on the minus side, energy company Reliance Industries slipped 2.9% after billionaire Mukesh Ambani claimed that the company’s telecom division Reliance Jio Infocomm would offer free mobile phone calls. Telecom providers Bharti Airtel and Idea Cellular pulled back 6.27% and 10.49%, respectively. Shares of auto maker Tata Motors reached a 16-month high, while motorcycle producer Hero MotoCorp set a new all-time high. Cement producers underperformed as the Indian regulator fined 10 cement companies for violations, with ACC and Binani Industries losing 1.3% and 2.93%, respectively. Indian construction stocks outperformed, with Hindustan Construction and Punj Lloyd spiking 19.27% and 4.30%, respectively. From a technical standpoint, BSE Sensex 30 has traded higher. Stochastic lines are buy-friendly, and the index still holds upside potential.