<h1>Markets rebound on 7.8% Q1 GDP as value buying offsets FII outflows; GST talks, tariff risks heighten Reg 30 compliance</h1> Benchmark equity indices rebounded, with the 30-share index rising about 0.7% and the 50-share index about 0.8%, driven by value buying in IT, auto and banking stocks after prior losses and stronger-than-expected domestic Q1 GDP growth of 7.8%. The report notes potential legal and regulatory risks from recently imposed US tariffs that could affect export sectors, and anticipatory policy action around indirect tax (GST) rationalisation that may influence discretionary consumption and sectoral demand. Market flows showed significant foreign institutional net outflows offset by domestic institutional inflows, a factor relevant for compliance and disclosure obligations under securities laws and market surveillance.