Today's Stock Market: Sensex rests at 80,295, Nifty hovers around 24,600
The Indian stock market closed on September 3, 2025, with a sense of balanced optimism. Gains in auto and consumer stocks were offset by weakness in banking and IT stocks, resulting in a mixed bag for investors.
The broader mid-cap and small-cap indices also showed gains of around 0.2 percent each, indicating a positive sentiment overall. However, selective selling pressure began to weigh on the market, with banking and information technology stocks coming under pressure. This caused the Sensex to drop by nearly 100 points at one stage.
The positive opening was primarily driven by the automobile and consumer sectors. Auto stocks rose by half a percent, and consumer companies gained 0.3 percent. Notable performers included TCS, JSW Cement, and Indus Towers. TCS secured a major contract worth €550 million from Nordic insurer Tryg, marking its first big order of the fiscal year. JSW Cement reported a fourfold increase in its core profit due to better pricing and volume growth, and Indus Towers announced its expansion into international markets in partnership with Bharti Airtel, focusing particularly on select regions across Africa.
The focus of traders and investors is on the possibility of reforms in the Goods and Services Tax (GST), often referred to as GST 2.0. There are expectations that the council may introduce tax rate cuts for key sectors such as automobiles, consumer durables, and other discretionary goods. The GST Council meeting on the same day emerged as the central theme, with market watchers believing that any reduction in GST rates could encourage spending and lift broader economic momentum.
Some analysts see opportunities in fast-moving consumer goods (FMCG) companies, which have already benefited from earlier GST cuts. However, the tariff war with the US remains a concern for some sectors, particularly exporters. The cautious mood is reinforced by continuous selling from foreign institutional investors, who have remained net sellers for six consecutive sessions, offloading almost ₹11.6 billion worth of Indian equities.
The market ended the previous month with declines, largely due to global uncertainties such as US tariff announcements and weak trends in some global corporate results. The external environment continues to play a key role in shaping domestic equity trends, with global trade tensions remaining a concern for exporters. The flow of foreign money continues to move out, adding an element of caution to overall trading.
Market experts note that the GST council meeting will be a major turning point for the near-term direction. Hopes of supportive measures create optimism, but the outcome will decide whether markets sustain or lose momentum in the coming sessions. The crucial support level for the Nifty stands at 24,250, and any fall below this level could add to selling pressure.
Read also:
- Understanding Hemorrhagic Gastroenteritis: Key Facts
- Stopping Osteoporosis Treatment: Timeline Considerations
- Trump's Policies: Tariffs, AI, Surveillance, and Possible Martial Law
- Expanded Community Health Involvement by CK Birla Hospitals, Jaipur, Maintained Through Consistent Outreach Programs Across Rajasthan
