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Domestic Indices trade higher with gains of around half percent
Sep-04-2025

Indian equity markets remained in green and were trading higher with gains of around half percent in late morning deals after the government trimmed levies on a range of goods in a Goods and Services Tax (GST) overhaul aimed at spurring consumption ahead of the festive season. The government announced significant GST rate cuts, effective September 22. Further, support also came in markets as the total FDI, which includes equity inflows, reinvested earnings and other capital, increased to $25.2 billion during April-June this fiscal year as against $22.5 billion in the same period of 2024-25. 

On the global front, Asian markets were trading mostly higher as traders remained optimistic that the US Fed will lower interest rates by at least a quarter point later this month after a report showed job openings in the U.S. fell to their lowest level in ten months in July.  Back home, on the BSE sectoral front, traders were seen piling up positions in Auto, Consumer Disc, FMCG, Consumer Durables and Bankex, while selling was witnessed in Oil & Gas, IT, PSU, Energy and TECK.

The BSE Sensex is currently trading at 80965.28, up by 397.57 points or 0.49% after trading in a range of 80876.52 and 81456.67. There were 14 stocks advancing against 16 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index was down by 0.15%, while Small cap index down by 0.12%.

The top gaining sectoral indices on the BSE were Auto up by 1.50%, Consumer Disc up by 0.84%, FMCG up by 0.72%, Consumer Durables up by 0.43% and Bankex up by 0.33%, while Oil & Gas down by 0.66%, IT down by 0.56%, PSU down by 0.49%, Energy down by 0.49% and TECK down by 0.47% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 6.28%, Bajaj Finance up by 4.81%, Trent up by 2.48%, Bajaj Finserv up by 2.09% and ITC up by 1.18%. On the flip side, Sun Pharma down by 1.02%, HCL Technologies down by 0.92%, Bharat Electronics down by 0.90%, Infosys down by 0.73% and Reliance Industries down by 0.72% were the top losers. 

Meanwhile, 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. He assured industry representatives that the government is actively engaged in creating an enabling environment to help exporters navigate recent challenges.

The minister urged exporters to upgrade product quality, align with global standards, diversify supply chains, and explore alternate markets. These issues were discussed during a meeting convened by the commerce ministry with representatives of export promotion councils (EPCs) and industry associations to address rising global tariffs, explore solutions, and chart a path forward amid shifting trade dynamics. He assured EPC and industry representatives that the government remains committed to providing a supportive ecosystem through ease of doing business initiatives, targeted trade support, and timely policy interventions to mitigate the impact of rising tariff measures.

The government is working on an export promotion mission. Rs 2,250 crore was budgeted for the mission. As part of the immediate or short-term response, the government is considering several steps to ease liquidity, prevent insolvencies, and provide greater flexibility for units in SEZs, and promote targeted import substitution. Meanwhile, snapping the two-month declining streak, India's exports rebounded by 7.29 per cent to $37.24 billion in July, while trade deficit widened to an eight-month high of $27.35 billion during the month. During April-July 2025-26, exports increased 3.07 per cent to $149.2 billion, while imports rose 5.36 per cent to $244.01 billion. The trade deficit during the first four months of 2025-26 was $94.81 billion.

The CNX Nifty is currently trading at 24823.85, up by 108.80 points or 0.44% after trading in a range of 24799.00 and 24980.75. There were 24 stocks advancing against 26 stocks declining on the index.

The top gainers on Nifty were Mahindra & Mahindra up by 6.37%, Bajaj Finance up by 4.93%, Trent up by 2.39%, Grasim Industries up by 2.14% and Bajaj Finserv up by 2.13%. On the flip side, Tata Consumer down by 2.39%, Indusind Bank down by 1.12%, ONGC down by 0.96%, Wipro down by 0.91% and HCL Technologies down by 0.91% were the top losers. 

Asian markets were trading mostly higher; Nikkei 225 surged 605.11 points or 1.42% to 42,544.00, Taiwan Weighted added 79.55 points or 0.33% to 24,179.85, Straits Times rose 11.06 points or 0.26% to 4,300.39 and KOSPI increased 6.04 points or 0.19% to 3,190.46. However, Jakarta Composite plunged 16.06 points or 0.2% to 7,869.80, Shanghai Composite weakened 43.24 points or 1.13% to 3,770.32 and Hang Seng declined 224.43 points or 0.89% to 25,119.00.

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