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Markets relinquish more gains in late trade
Sep-04-2025

Indian equity markets relinquished some more gains, but continued to trade in green in late afternoon session. Traders took support of the GST Council approving rate overhaul by limiting slabs to 5% and 18% effective from September 22. The panel approved simplifying the goods and services tax (GST) from the current four slabs - 5, 12, 18 and 28% - to a two-rate structure - 5 and 18%. A special 40% slab is also proposed for a select few items such as high-end cars, tobacco and cigarettes. However, persistent foreign fund inflows by Foreign Institutional Investors (FIIs) have raise caution among the market participants. The FIIs were the net sellers on yesterday’s trade, offloading equities worth Rs 1,666.46 crore.

On the global front, Asian equity markets were trading mixed following reports that China's financial regulators are considering a number of cooling measures for the stock market, including lifting certain short selling restrictions, increasing checks on speculative trades, and discouraging heavy retail participation. European equity markets were trading mostly in red as bond market worries subsided, and investors awaited Eurozone retail sales data as well as debt auctions in France and the United Kingdom for direction.

The BSE Sensex is currently trading at 80797.20, up by 229.49 points or 0.28% after trading in a range of 80624.19 and 81456.67. There were 10 stocks advancing against 20 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 0.42%, while Small cap index was down by 0.37%.

The top gaining sectoral indices on the BSE were Auto up by 1.03%, FMCG up by 0.49%, Consumer Discretionary up by 0.46%, Consumer Durables up by 0.18% and Bankex up by 0.10%, while Utilities down by 1.08%, PSU down by 0.90%, Oil & Gas down by 0.89%, Power down by 0.85% and Realty down by 0.68% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 6.16%, Bajaj Finance up by 4.31%, Bajaj Finserv up by 2.04%, Trent up by 1.41% and ITC up by 1.02%. On the flip side, Power Grid Corporation down by 1.43%, Bharat Electronics down by 1.43%, Maruti Suzuki down by 1.34%, HCL Technologies down by 1.12% and NTPC down by 1.11% were the top losers.

Meanwhile, the Confederation of Real Estate Developers' Associations of India (CREDAI) has said that the reduction in Goods and Services Tax (GST) rate on cement to 18 per cent from 28 per cent would lead to a lowering of construction cost, benefiting consumers and the real estate industry. The CREDAI hailed the government's decision to simplify the GST rate structure, reducing it from four tiers to two. 

CREDAI President Shekhar Patel said this rationalisation is a commendable reform, which will bring substantial relief to all sections of society and is expected to further ease inflationary pressures. He said the reduction in GST on cement from 28 per cent to 18 per cent is a landmark move that will have a transformative impact on the real estate and construction sectors.

He further said this reduction would help bring down the overall cost of raw materials, ultimately benefiting homebuyers and boosting housing affordability. He noted that the process reforms announced alongside these rate changes mark a positive step towards a more transparent and efficient tax regime, likely to result in improved GST compliance and increased revenue collections. 

The CNX Nifty is currently trading at 24751.30, up by 36.25 points or 0.15% after trading in a range of 24713.25 and 24980.75. There were 19 stocks advancing against 31 stocks declining on the index.

The top gainers on Nifty were Mahindra & Mahindra up by 6.00%, Bajaj Finance up by 4.23%, Apollo Hospitals Enterprise up by 2.17%, Bajaj Finserv up by 2.04% and Nestle up by 1.52%. On the flip side, Tata Consumer Products down by 2.68%, HDFC Life Insurance down by 2.38%, Power Grid Corporation down by 1.64%, Bharat Electronics down by 1.48% and Wipro down by 1.43% were the top losers.

Asian equity markets were trading mixed; Nikkei 225 surged 594.11 points or 1.4% to 42,533.00, Taiwan Weighted added 79.55 points or 0.33% to 24,179.85, Straits Times rose 10.79 points or 0.25% to 4,300.12 and KOSPI increased 16.41 points or 0.51% to 3,200.83, while Hang Seng declined 287.43 points or 1.15% to 25,056.00, Shanghai Composite weakened 47.68 points or 1.27% to 3,765.88 and Jakarta Composite plunged 20.28 points or 0.26% to 7,865.58.

European equity markets were trading mostly in red; Germany’s DAX gained 73.5 points or 0.31% to 23,668.30, while UK’s FTSE 100 decreased 2.34 points or 0.03% to 9,175.65 and France’s CAC fell 21.01 points or 0.27% to 7,698.70.
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