On Thursday, August 4, Indian equities logged modest gains on the heels of an uptick in automotive and logistics stocks.To remind, yesterday the Indian parliament’s upper chamber approved a bill on the general sales tax (GST) for goods and services. Now it’s turn of the lower chamber to review the bill which, if adopted, will require ratification in at least half Indian states. If the bill is signed into law, economic growth in India, as authorities believe, would speed up by 1.5-2%. Recapping the indexes, the Nifty 50 was up 0.07% to 8,551.1, while the BSE Sensex 30 Index edged up 0.06% to 27,714.37.As for Nifty 50 lead advancers, Tata Motors, Tata Steel and Bank of Baroda surged over 4.4%, while Asian Paints and Lupin gave up over 1.3%. As for BSE Sensex 30 names, the decliners included Infosys, Tata Power, and Coal India. On the upside, Tata Motors, Tata Steel and Vedanta ended higher.In the currency market, the USD/INR strengthened 0.23% to 66.948, while the EUR/INR pair firmed 0.15% to 74.553. The 10-year Indian government bond yield reached 7.178%. Automotive plays were well bid, with Tata Motors jumping 4.4%, while Hero MotoCorp and Bajaj Auto added over 1.5%. Transport Corp of India shares grew for the second straight session. The session’s underperformers were also India’s second biggest lender ICICI Bank and generic drug producer Lupin.Bata India shares plunged 4.31% as quarterly earnings slid 44%.Shares of cement producer Orient Cement lost 1.23% as the company posted a quarterly loss. From a technical standpoint, the BSE Sensex 30 Index has traded within an ascending wedge. Stochastic lines are still sell-friendly, so the benchmark is expected to move lower towards 27,170.