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Key gauges trade lower in morning deals
Sep-05-2025

Indian equity benchmarks erased initial gains and were trading lower in morning deals, due to losses in IT, FMCG and TECK stocks. Sentiments remained down-beat with exchange data showed Foreign Institutional Investors (FIIs) offloaded equities worth Rs 106.34 crore on Thursday. However, losses remain capped as some support came with Union Minister Piyush Goyal stated 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. Sector-wise, Fertilizer Industry stocks remained in watch as Soluble Fertiliser Industry Association (SFIA) said the reduction in GST rates on critical fertiliser raw materials has provided much-needed breathing room for an industry long squeezed by tax disparities and working capital constraints. On the global front, Asian markets are trading in green as weak U.S. labor market data fueled fresh hopes for a Federal Reserve rate cut this month. 

The BSE Sensex is currently trading at 80557.39, down by 160.62 points or 0.20% after trading in a range of 80338.92 and 81036.56. There were 15 stocks advancing against 15 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.09%, while Small cap index was up by 0.31%.

The top gaining sectoral indices on the BSE were Auto up by 1.32%, Consumer Discretionary up by 0.84%, Healthcare up by 0.46%, Consumer Durables up by 0.29% and Telecom up by 0.23%, while IT down by 0.99%, FMCG down by 0.96%, TECK down by 0.74%, Realty down by 0.38% and Bankex down by 0.37% were the top losing indices on BSE.

The top gainers on the Sensex were Mahindra & Mahindra up by 2.69%, Eternal up by 1.99%, Maruti Suzuki up by 1.37%, Tata Motors up by 1.08% and Asian Paints up by 0.69%. On the flip side, ITC down by 2.20%, TCS down by 1.25%, Infosys down by 1.02%, ICICI Bank down by 0.80% and HCL Technologies down by 0.70% were the top losers.

Meanwhile, the Cement Manufacturers' Association (CMA) has said that a reduction in GST is expected to enhance the competitiveness of the Indian cement industry by creating a level playing field with global peers.  CMA President Neeraj Akhoury said ‘For a long time, cement has been taxed at one of the highest rates among essential building materials compared to sectors such as steel and several other construction input materials. Lowering the rate to 18 per cent corrects this long-standing anomaly and ensures parity with other core materials.’

The GST Council on Wednesday approved the reduction of GST on cement from 28 per cent to 18 per cent. Welcoming the development, he said cement is a foundational input material for infrastructure and housing, and the move will likely boost consumption, augmenting considerable infrastructure, including affordable housing.

According to the CMA data, the Indian cement industry has a total installed capacity of nearly 700 million tonnes per annum (MTPA). The industry expects growth between 7 to 8 per cent in the current fiscal, helped by the government's spending on infrastructure and rural housing, having endured a slowdown in FY25.

The CNX Nifty is currently trading at 24689.40, down by 44.90 points or 0.18% after trading in a range of 24631.95 and 24832.35. There were 27 stocks advancing against 23 stocks declining on the index.

The top gainers on Nifty were Mahindra & Mahindra up by 2.41%, Eternal up by 2.13%, Eicher Motors up by 1.74%, SBI Life Insurance up by 1.52% and Maruti Suzuki up by 1.40%. On the flip side, ITC down by 2.16%, TCS down by 1.24%, Infosys down by 1.03%, HCL Technologies down by 0.78% and ICICI Bank down by 0.68% were the top losers.

Asian markets are trading in green; Nikkei 225 surged 277.73 points or 0.65% to 42,858.00, Taiwan Weighted added 248.49 points or 1.03% to 24,428.34, Shanghai Composite strengthened 12.49 points or 0.33% to 3,778.37, KOSPI increased 0.51 points or 0.02% to 3,201.34, Hang Seng advanced 152.49 points or 0.61% to 25,211.00 and Straits Times rose 8.38 points or 0.2% to 4,305.21.
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