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Benchmarks trade higher in early deals amid firm global cues
Sep-05-2025

Indian equity benchmarks made a positive start on Friday and were trading higher in early deals, following the broadly positive cues from Wall Street overnight as well as firm trade in Asian counterparts, as some weaker than expected U.S. private sector job growth in the month of August bolstered bets the US Fed will lower interest rates later this month. There are expectations of at least two reductions this year. Some support came as Union Minister Piyush Goyal said that India's exports during the current financial year would be higher than 2024-25, while asserting the government is working at a fast pace for diversification of outbound shipments. 

On the sectoral front, cement stocks were in focus as Cement Manufacturers' Association (CMA) said that a reduction in GST is likely to enhance the competitiveness of the Indian cement industry by creating a level playing field with global peers.

The BSE Sensex is currently trading at 80909.75, up by 191.74 points or 0.24% after trading in a range of 80817.71 and 81036.56. There were 25 stocks advancing against 5 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.57%, while Small cap index was up by 0.54%.

The top gaining sectoral indices on the BSE were Auto up by 1.24%, Consumer Discretionary up by 0.94%, Healthcare up by 0.67%, Realty up by 0.58% and Consumer Durables up by 0.53%, while FMCG down by 0.72% was the sole losing indices on BSE.

The top gainers on the Sensex were Eternal up by 1.67%, Mahindra & Mahindra up by 1.66%, Maruti Suzuki up by 1.29%, Tata Motors up by 1.28% and Bajaj Finserv up by 1.03%. On the flip side, ITC down by 1.89%, NTPC down by 0.29%, ICICI Bank down by 0.25%, HDFC Bank down by 0.14% and Hindustan Unilever down by 0.08% were the top losers.

Meanwhile, asserting the government is working at a fast pace for diversification of outbound shipments, the commerce and industry minister Piyush Goyal has said that India's exports during the current financial year (FY26) would be higher than 2024-25. He also said the industry has committed to pass on the benefits of the GST rate reduction to consumers. Referring to the Income Tax benefits effected through the Union Budget and GST reforms announced on September 04 evening, he said ‘This has been a very special year for consumers’. 

He noted that the reforms announced on the GST front will have multiplier impact on the economy and help in keeping inflation at low levels. He said ‘Industry has committed they will pass on the benefits of GST rate reduction to consumers’. He further said reduction in prices also benefits industry as it leads to higher demand which in turn boosts manufacturing activities.

About GST rate cut would help exports, Goyal said it will help all sections of industry. He said ‘Those exporters who have been affected by any action, by a third country, will also get a chance to try and capture bigger Indian market and continue their business uninterrupted. So I think it's a win win for all’. Regarding diversification of export markets in the wake of challenges posed by US tariffs, he said the government is already making efforts to promote new markets and new products going out form India. He said India is exploring the UAE market for export of shrimp and sea food. Also, he said ‘Singapore has assured us to buy eggs and chicken from India. I've asked them to also examine fish and they tell me that they love the taste of Indian fish’.

The CNX Nifty is currently trading at 24798.95, up by 64.65 points or 0.26% after trading in a range of 24772.65 and 24832.35. There were 40 stocks advancing against 10 stocks declining on the index.

The top gainers on Nifty were Mahindra & Mahindra up by 1.72%, Eternal up by 1.70%, Eicher Motors up by 1.57%, Maruti Suzuki up by 1.16% and Tata Motors up by 1.15%. On the flip side, ITC down by 1.95%, Nestle down by 0.92%, Coal India down by 0.32%, JSW Steel down by 0.30% and NTPC down by 0.24% were the top losers.

Asian markets are trading in green; Nikkei 225 surged 260.73 points or 0.61% to 42,841.00, Taiwan Weighted jumped 245.88 points or 1.01% to 24,425.73, Hang Seng rose 149.49 points or 0.59% to 25,208.00, Shanghai Composite strengthened 13.07 points or 0.35% to 3,778.95, Straits Times added 8.36 points or 0.19% to 4,305.19 and KOSPI increased 3.94 points or 0.12% to 3,204.77.
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