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EQUITY
Post Session: Quick Review
Sep-03-2025

Indian equity benchmarks ended with significant gains on Wednesday, with both Nifty and Sensex closing over half a percent gains, amid positive services PMI data. After making a slightly positive start, soon indices turned volatile as traders stayed cautious as Finance Minister Nirmala Sitharaman-chaired GST Council meeting has begun in New Delhi. The GST Council is likely to discuss the revisions of tax slabs. However, in afternoon session, markets gained tractions and ended near day’s high points.

Some of the important factors in trade:

India services sector growth hits fifteen-year high in August: Traders got some support as Indian services sector growth touched a 15-year high in August, driven by a sharp rise in new orders and output, amid substantial improvement in demand conditions.

Piyush Goyal expresses hope to conclude India’s proposed BTA with US by November this year: Investors remained optimistic after Commerce and Industry Minister Piyush Goyal expressed hope that India will conclude the proposed bilateral trade agreement (BTA) with the US by the fall or November this year

Next-gen GST reforms will set economy open, transparent: 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.

Global front: European markets were trading in green after HCOB Eurozone Composite Purchasing Managers' Index (PMI) edged up from 50.9 in July to 51.0 in August, marking a 12-month high. Asian markets ended mixed amid tariff-related uncertainties and ahead of key U.S. employment data due later in the week.

The BSE Sensex ended at 80567.71, up by 409.83 points or 0.51% after trading in a range of 80004.60 and 80671.28. There were 22 stocks advancing against 8 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.63%, while Small cap index up by 0.90%. (Provisional)

The top gaining sectoral indices on the BSE were Metal up by 3.08%, Basic Materials up by 1.53%, Healthcare up by 1.20%, Consumer Durables up by 0.83% and Consumer Discretionary up by 0.80%, while IT down by 0.57%, TECK down by 0.55%, Power down by 0.08% and Utilities down by 0.01% were the few losing indices on BSE. (Provisional)

The top gainers on the Sensex were Tata Steel up by 5.87%, Titan Company up by 1.73%, Mahindra & Mahindra up by 1.62%, Eternal up by 1.19% and SBI up by 1.07%. On the flip side, Infosys down by 1.17%, Hindustan Unilever down by 0.64%, NTPC down by 0.45%, TCS down by 0.35% and Bharti Airtel down by 0.30% were the top losers. (Provisional)

Meanwhile, the Ministry of Chemicals and Fertilisers has said that extension of the export obligation period for chemical imports under the advance authorisation scheme from 6 to 18 months will provide much-needed relief to exporters amid concerns over steep US tariffs. This measure extends essential support and flexibility to exporters dealing with chemicals and petrochemicals across India. The move is aiming to simplify trade processes and elevate the global market edge of Indian goods.

Through the Advance Authorization Scheme, importers can bring in duty-free raw materials for export production without adhering to quality control orders (QCOs) for those inputs, ensuring a steady flow of export operations. Besides, a significant number of these authorizations cater to the chemical sector, emphasizing the value of this policy shift. Ministry assured that the government is committed to strengthen the chemicals and petrochemicals landscape through targeted strategies, acknowledging its pivotal role in economic growth.

Meanwhile, in 2024-25, the sector has contributed $46.4 billion worth of exports, 46.4 billion, which is 10.6 per cent of the total export value of the country. This initiative aims to ease financial pressures from input costs, guarantee raw material availability, and fortify the competitive position of Indian chemical products worldwide. On the backdrop of US’ steep 50 per cent tariffs on Indian goods entering the US market, the move assumes significance.

The CNX Nifty ended at 24715.05, up by 135.45 points or 0.55% after trading in a range of 24533.20 and 24737.05. There were 36 stocks advancing against 14 stocks declining on the index. (Provisional)

The top gainers on Nifty were Tata Steel up by 5.97%, Hindalco up by 3.05%, JSW Steel up by 2.70%, Coal India up by 2.55% and Indusind Bank up by 2.25%. On the flip side, Infosys down by 1.31%, HDFC Life Insurance down by 0.80%, NTPC down by 0.61%, Wipro down by 0.55% and Nestle down by 0.51% were the top losers. (Provisional)

European markets were trading higher; France’s CAC rose 74.15 points or 0.97% to 7,728.40, Germany’s DAX gained 186.57 points or 0.79% to 23,673.90 and UK’s FTSE 100 increased 41.46 points or 0.45% to 9,158.15.

Asian markets ended mixed on Wednesday with caution ahead of key US employment data due later in the week, while rising US bond yields and tariff-related uncertainties also kept market sentiments mixed. Chinese shares declined and defense-related shares took a major hit as a massive military parade in central Beijing concluded. Hong Kong shares dropped even after China's services activity expanded at the quickest pace in 15 months in August. Japanese shares fell tracking Wall Street’s losses overnight and after data showed Japan's service sector growth moderated in August. Investors also reacted to reports suggesting that the ruling party is set to call for early party elections.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,813.56

-44.57

-1.17

Hang Seng

25,343.43

-153.12

- 0.60

Jakarta Composite

7,885.86

84.27

1.07

KLSE Composite

1,578.52

1.82

0.12

Nikkei 225

41,938.89

-371.6

-0.88

Straits Times

4,289.33

-9.18

-0.21

KOSPI Composite

3,184.42

12.07

0.38

Taiwan Weighted

24,100.30

83.52

0.35
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