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Key gauges continue to trade flat in morning deals
Sep-03-2025

Indian equity benchmarks continued to trade flat in morning deals, tracking weak global market trends and relentless foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,159.48 crore on Tuesday, according to exchange data. Caution also prevailed in the equity markets ahead of the GST Council meeting beginning Wednesday. However, traders took some support with Union Finance Minister Nirmala Sitharaman’s statement that the next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses. On the global front, Asian markets are trading mixed as traders remained cautious amid renewed uncertainty among various nations trading with the US, many of which have concluded tariff deals, after a US Appeals Court ruled that US President Donald Trump's ‘reciprocal tariffs’ are illegal. 

The BSE Sensex is currently trading at 80111.34, down by 46.54 points or 0.06% after trading in a range of 80004.60 and 80317.62. There were 18 stocks advancing against 12 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.30%, while Small cap index was up by 0.84%.

The top gaining sectoral indices on the BSE were Metal up by 1.27%, Basic Materials up by 0.91%, Healthcare up by 0.60%, Industrials up by 0.48% and PSU up by 0.47%, while TECK down by 0.85%, IT down by 0.71%, Telecom down by 0.63% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 1.92%, Mahindra & Mahindra up by 0.96%, SBI up by 0.78%, Titan Company up by 0.58% and Asian Paints up by 0.57%. On the flip side, Infosys down by 1.34%, Bharti Airtel down by 0.82%, Maruti Suzuki down by 0.65%, Tech Mahindra down by 0.59% and TCS down by 0.36% were the top losers.

Meanwhile, Union Finance Minister Nirmala Sitharaman has said that the next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses. She said Prime Minister Narendra Modi recently announced the creation of a Task Force for next generation reforms with a clearer mandate to simplify regulations, lower compliance costs and also build a more enabling ecosystems for startups, Micro, Small and Medium enterprises and entrepreneurs.

She stated ‘Complementing this, the planned roll out of the next generation GST reforms with the planned Council meeting tomorrow and day after, will set an economy absolutely open and transparent in the coming months and with further reduction in compliance burden, making it easier for small businesses to thrive.’ In his Independence Day address, PM Modi announced big-ticket Goods and Services Tax (GST) reforms and promised a Diwali bonanza for citizens. 

Further, Sitharaman said that if India is advancing towards its vision of Viksit Bharat 2047 then the banks are called upon to not only expand credit but also provide momentum for infrastructure development, ensure timely and need-based funding for MSMEs, bringing the unbanked into the fold of formal banking and meeting diverse requirements where the support of banking channels was vital. She noted the guiding principles for this transformation must be trust, technology and transparency. she stated over past 11 years, 56 crore Jan Dhan accounts have been opened with total deposits of Rs 2.68 lakh crore, and majority of the account holders were women.

The CNX Nifty is currently trading at 24562.05, down by 17.55 points or 0.07% after trading in a range of 24533.20 and 24630.70. There were 23 stocks advancing against 27 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 2.17%, JSW Steel up by 1.39%, Indusind Bank up by 1.16%, Cipla up by 0.93% and Mahindra & Mahindra up by 0.87%. On the flip side, Infosys down by 1.52%, HDFC Life Insurance down by 1.21%, Bharti Airtel down by 0.78%, Tata Consumer Product down by 0.64% and Tech Mahindra down by 0.63% were the top losers.

Asian markets are trading mixed; Nikkei 225 slipped 452.49 points or 1.07% to 41,858.00, Shanghai Composite weakened 35.7 points or 0.93% to 3,822.43, Hang Seng declined 123.55 points or 0.48% to 25,373.00 and Straits Times fell 11.38 points or 0.26% to 4,287.13.

On the flip side, Taiwan Weighted added 70.29 points or 0.29% to 24,087.07, Jakarta Composite gained 64.56 points or 0.83% to 7,866.15 and KOSPI increased 5.57 points or 0.18% to 3,177.92.
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