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Key gauges continue to trade in green in morning deals
Sep-04-2025

Indian equity benchmarks continued to trade in green in morning deals, as investors cheered the GST Council’s complete overhaul of the tangled Goods and Services Tax regime. Traders took support as Commerce and Industry Minister Piyush Goyal has assured exporters to support them in dealing with steep tariffs imposed by the US. He also reaffirmed the government's commitment to safeguarding the interests of Indian exporters amid the evolving global trade scenario. Some support also came as External Affairs Minister S Jaishankar stated that India would like to see its negotiations with the European Union for a free trade agreement move to a decisive conclusion soon. On the global front, Asian markets are trading mostly in green as dovish signals from US Federal Reserve officials and weak labour market data reinforced bets on interest rate cuts, even as oil prices extended losses ahead of a key Opec+ meeting.

The BSE Sensex is currently trading at 81027.60, up by 459.89 points or 0.57% after trading in a range of 80949.00 and 81456.67. There were 17 stocks advancing against 13 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.28%, while Small cap index was up by 0.22%.

The top gaining sectoral indices on the BSE were Auto up by 1.64%, FMCG up by 1.29%, Consumer Disc up by 1.07%, Realty up by 0.57% and Consumer Durables up by 0.52%, while Oil & Gas down by 0.37%, Energy down by 0.29%, Metal down by 0.28%, IT down by 0.27% and PSU down by 0.25% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 5.70%, Bajaj Finance up by 5.00%, Trent up by 2.86%, Bajaj Finserv up by 2.56% and ITC up by 1.68%. On the flip side, Power Grid Corporation down by 0.59%, Eternal down by 0.54%, Tech Mahindra down by 0.52%, Infosys down by 0.51% and Sun Pharma down by 0.48% were the top losers.

Meanwhile, in order to promote recycling of critical minerals in the country, the mines ministry has said the Union Cabinet has approved a Rs 1,500 crore incentive scheme. The scheme aims at developing recycling capacity in the country for the separation and production of critical minerals from secondary sources. 

These include e-waste, Lithium Ion Battery (LIB) scrap, and scrap other than e-waste & LIB scrap, such as catalytic converters in end-of-life vehicles. This scheme is part of the National Critical Mineral Mission (NCMM), which is aimed at building the domestic capacity and supply chain resilience in critical minerals.

Earlier, the government approved a Rs 16,300-crore National Critical Mineral Mission, with a total outlay of Rs 34,300 crore spread over seven years, aiming to achieve self-reliance and accelerate India's journey towards green energy transition. Public sector enterprises are expected to contribute Rs 18,000 crore to the mission.

Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential raw materials required to fuel the growth of rapidly growing clean energy technologies. The major objectives of this mission are to increase exploration, reduce import dependence, acquire mineral blocks overseas, develop technologies for processing of critical minerals and recycle minerals.

The CNX Nifty is currently trading at 24857.80, up by 142.75 points or 0.58% after trading in a range of 24829.50 and 24980.75. There were 30 stocks advancing against 20 stocks declining on the index.

The top gainers on Nifty were Mahindra & Mahindra up by 5.74%, Bajaj Finance up by 5.11%, Bajaj Finserv up by 2.92%, Nestle up by 2.87% and Trent up by 2.75%. On the flip side, Tata Consumer Product down by 1.19%, ONGC down by 0.94%, Reliance Industries down by 0.54%, Power Grid Corporation down by 0.52% and Infosys down by 0.47% were the top losers.

Asian markets are trading mostly in green; Nikkei 225 surged 650.11 points or 1.55% to 42,589.00, Taiwan Weighted added 87.97 points or 0.37% to 24,188.27, KOSPI increased 4.59 points or 0.14% to 3,189.01 and Straits Times rose 9.54 points or 0.22% to 4,298.87. 

On the flip side, Jakarta Composite plunged 13.53 points or 0.17% to 7,872.33, Shanghai Composite weakened 54.25 points or 1.42% to 3,759.31 and Hang Seng declined 274.43 points or 1.08% to 25,069.00. 

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