Closing Bell: Sensex surges over 550 pts from day's low; Nifty reclaims 24,700

Market Close | Nifty reclaims 24,700 amid triple-digit gains

Market breadth remained strong, with the NSE advance-decline ratio at 2:1. Metals shone brightly, marking a third consecutive day of gains, while PSU banks, auto, pharma, and FMCG stocks also advanced. Nifty Bank saw a robust recovery, though IT stocks remained out of favour, slipping for the second day in a row.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

Market sentiment hinges on outcome of the GST meeting, says Vinod Nair, Head of Research, Geojit Investments

Indian equities closed higher after a mixed start to the session, buoyed by expectations of a consumption-led stimulus from the potential GST slab rationalization. All categories of consumer-based sectors, like discretionary, durable and staples, continued to outperform. Meanwhile, gold extended its rally in the global market to fresh highs, reflecting investor caution amid persistent concerns over prolonged US tariffs and their potential impact on global growth and geopolitical changes. In the near term, market sentiment hinges on the outcome of the GST Council meeting with traction on consumption-oriented stocks and sectors. Well, the expectations are very high, increasing the risk of disappointments, which can kickstart consolidation again.

With global uncertainty on the rise, analysts noted that the domestic market also is going to experience high volatility. ...Read More

Closing Bell: Nifty Metal, Nifty Pharma top sectoral leaders of the day

Closing Bell: Broader markets outperform benchmarks; smallcaps lead

Closing Bell: Sensex surges over 550 pts from day's low; Nifty reclaims 24,700

Nifty staged a sharp rebound from the day’s lows, reclaiming the 24,700 mark with triple-digit gains, while midcaps continued their upward momentum. Market breadth remained strong, with the NSE advance-decline ratio at 2:1. Metals shone brightly, marking a third consecutive day of gains.

With over 100 SME IPOs with an anchor book portion in 2025, the top five investors featured in more than 20 percent of the issues, with the top three names cornering nearly 30 percent of the total anchor allocation....Read More

Markets@3 | Sensex up 300 pts, Nifty nears 24,700; India VIX eases 4%

At 15:03 hrs IST, the Sensex was up 345.57 points or 0.43 percent at 80,503.45, and the Nifty was up 115.35 points or 0.47 percent at 24,694.95. About 2351 shares advanced, 1369 shares declined, and 111 shares unchanged.

Stock Market LIVE Updates | Nifty IT index top sectoral laggard at this hour

The metal index is currently the top sectoral gainer. A weaker dollar improves global demand for commodities which in turn benefits Indian metal producers through export opportunities and better pricing....Read More

Stock Market LIVE Updates | Tata Steel, ICICI Bank most active stocks at this hour

Sugar accounts for just ~38 percent of ethanol supplied, with grains like rice and maize making up the rest...Read More

Shares of sugar makers surge on government’s ethanol push, but stagnant prices and supply risks threaten to spoil the party...Read More

Acuité Ratings upgrades SpiceJet's short-term rating to A4+, reflecting improved outlook...Read More

Sensex Today | One MobiKwik shares extend gains above IPO price, up 36% in three sessions

The order has propped up MAN Industries' total unexecuted orderbook to an all-time high of Rs 4,700 crore, with exports making up nearly 80 percent of the share. ...Read More

Stock Market LIVE Updates | Stocks dragging the Nifty 50 index

Warburg Pincus had remained an investor in Kalyan Jewellers since 2014, before fully exiting the company last year....Read More

Markets@1 | Nifty 50 trades flat, broader markets post gains

At 1 pm, the Sensex was up 23.81 points or 0.03 percent at 80,181.69, and the Nifty was up 25.80 points or 0.10 percent at 24,605.40.

Sensex Today | SBI raises $500 million via overseas bond issue at record-low spread

State Bank of India (SBI), through its London branch, has successfully priced a $500 million bond issue under Regulation S at a coupon rate of 4.5%.

Comforted by healthy forecasts for sugarcane output, the government has been liberal on feedstock use for ethanol. Will it move the needle for sugar mills?...Read More

IPO Check | Amanta Healthcare IPO subscribed at 40.8 times at 12:30 PM (Day 3)

QIB –0.96 times

NII - 101.19 times

Retail – 37.73 times

Overall – 40.82 times

Sensex Today | MOIL shares rally on positive business update

Sensex Today | Netweb Tech shares rise 7% as firm gets Rs 1,734-crore order to supply servers based on Nvidia chip

Stock Market LIVE Updates | Broader markets outperform

A fresh legal battle over Trump’s sweeping tariffs could test the limits of executive authority in trade policy....Read More

Markets@12 | Nifty sees choppy trade, Sensex flat

At 12 p.m., the Sensex was up 39.14 points or 0.05 percent at 80,197.02, and the Nifty was up 23.00 points or 0.09 percent at 24,602.60. About 2,294 shares advanced, 1,271 shares declined, and 132 shares were unchanged.

The metal index is currently the top sectoral gainer. A weaker dollar improves global demand for commodities which in turn benefits Indian metal producers through export opportunities and better pricing....Read More

Sensex Today | CG Power shares extend gains for 5th day as arm launches chip unit, Morgan Stanley gives 'overweight' call

Radha Krishna Kishore is seeking Rs 2,000 crore annually from Centre as compensation ...Read More

Stock Market LIVE Updates | Volume shockers on the BSE

Yes Bank share price: CCI approved Sumitomo Mitsui Banking Corporation’s plan to acquire up to 24.99 percent in the lender, paving the way for the Japanese banking major to become its largest shareholder....Read More

If implemented, the average GST incidence across goods, currently about 11.5%, could drop below 10%....Read More

Markets@11 | Nifty near 24,600, Sensex flat

At 11:00 am, the Sensex was down 39.85 points or 0.05 percent at 80,118.03, and the Nifty was down 6.15 points or 0.03 percent at 24,573.45. About 2,294 shares advanced, 1,157 shares declined, and 141 shares were unchanged.

Sensex Today| TBO Tek shares soar 12 percent after arm acquires Classic Vacations for up to $125 million

The operator of online platform, TBO Tek's wholly owned step-down subsidiary will be acquiring US-based Classic Vacations LLC from The Najafi Companies, an investment firm, for up to $125 million, the company said in an exchange filing, sending shares sharply higher by over 12 percent in early trade on September 3.

The acquisition will combine TBO’s technology platform with Classic Vacation’s network of luxury travel advisors and suppliers, the filing said.

Services activity hits 15-year high in August, composite PMI signals strong Q2 momentum

India’s services sector recorded its strongest-ever expansion since 2010 in August, with the HSBC India Services PMI Business Activity Index climbing to 62.9, up from 60.5 in July. This is the third straight month the index has held above 60, underscoring resilient demand in the world’s fastest-growing major economy. (Read more)

Sensex Today| Netweb Tech India wins Rs1730 crore strategic order

Sensex Today| Zerodha users flag glitches on app for a brief while

Low-cost brokerage Zerodha faced technical glitches on September 3 for a brief while as its users flagged on X platform that rates weren't reflecting on its app.

"Is @zerodhaonline feed down for anyone? I'm not seeing ltp updates in mobile app," asked one user.

"Traders are facing huge losses. Who will compensate us for this recurring mess? Totally unacceptable," said another user on X.

"Some of our users are facing issues with price updates on the app. We're checking this. For now, please log in to Kite web on mobile browser. Order placement is not affected. For the equity segment, you can also check 20 depth on the app," Zerodha said at 9:50 am.

"This issue is now resolved," said Zerodha a minute later.

The initiative by Sebi is seen as a proactive step to sensitise bank staff on insider trading regulations, particularly where the exposure to sensitive information is frequent....Read More

Sensex Today| Axis Bank has 2.56 mln shares traded in a block

Sensex Today| Anlon Healthcare shares gains 2% n trading debut

Sensex Today| Vikran Engineering shares gains 5% in trading debut

Urban Company's IPO price band of Rs 98–103 per share has fuelled a massive valuation surge in the stake that founders and global investors hold in the business. ...Read More

Sensex Today| ACME Solar awarded 50mw FDRE project by Tata Power

"We are in favour of the Central government’s proposals, as it’s in favour of the common man," a state finance minister tells Moneycontrol....Read More

Sensex Today| Shriram Finance has 2.28 mln shares change hands in block trade

Sensex Today| Man Industries gets Rs1700 crore export order

Sensex Today| Vertis Infra has 11.4 mln units change hands in nine blocks

Sensex Today| Indus Towers has 2.01 mln shares traded in block

Sensex Today| Eternal has 4.93 mln shares change hands in a block trade

JPMorgan, which counts India and Japan as its two fastest-growing Asian markets in terms of revenue from corporate banking, expects no let-up in growth despite Washington doubling tariffs on many Indian imports to 50%. ...Read More

Sensex and Nifty are poised for a weak opening on September 3 amid sluggish global cues, with GIFT Nifty indicating a 30-point drop. All eyes are on the GST Council meeting, which may unveil a revamped tax structure—potentially reshaping consumption-led sectors...Read More

After a four-year dream run, the BSE SME IPO Index faces a reality check in 2025 as volatility, weak fundamentals, and muted listings test investor appetite...Read More

GLOBAL CUES| Asia markets mostly fall, tracking Wall Street losses

#1 Chinese President Xi Jinping to speak at military parade

#2 GIFT Nifty signals subdued start

#3 U.S. futures trade higher

#4 Wall Street kickstarts September on a weak note on fiscal concerns

#5 Apple shares rise after judge rules Google can continue preload deals in antitrust case

#6 Trump will ask SC for ‘expedited ruling’ on tariffs appeal

#7 U.S. 10-year Treasury yield jumped to 4.27%

#8 Dollar rebounds as pound and yen slump

#9 Gold climbs to record high of over $3,500

#10 Brent nears $70 ahead of OPEC+ meet

Global Markets| Wall Street Slips as Yields Rise, Trade Ruling Weighs on Sentiment

U.S. stocks closed lower on Tuesday as investors weighed rising bond yields and fresh trade-related developments, setting a cautious tone at the start of what is often a seasonally weak month for equities.

The Dow Jones Industrial Average fell 249.07 points, or 0.55 percent, to finish at 45,295.81. The S&P 500 lost 0.69 percent to close at 6,415.54, while the Nasdaq Composite slid 0.82 percent to 21,279.63.

Profit-taking hit several market leaders as the summer season wound down. Nvidia shares dropped about 2 percent, while Amazon and Apple each slipped around 1 percent.

Adding to the unease, a federal appeals court ruled Friday that most of former President Donald Trump’s global tariffs were illegal, saying only Congress has the authority to impose such sweeping levies. The decision, passed by a 7-4 majority in the U.S. Court of Appeals for the Federal Circuit, drew sharp criticism from Trump, who called it “highly partisan” and vowed to challenge the ruling in the Supreme Court.

Global Markets| Asia-Pacific Markets Mixed as Xi’s Speech, Bond Yields and Data Shape Sentiment

Asia-Pacific markets traded mixed on Wednesday as investors weighed rising global bond yields alongside fresh developments on the trade front.

Chinese equities drew attention after President Xi Jinping delivered a speech at a military parade marking the 80th anniversary of the end of World War II. The event was attended by 26 world leaders, including Russian President Vladimir Putin and North Korean leader Kim Jong Un.

Hong Kong’s Hang Seng index rose 0.86 percent, while mainland China’s CSI 300 inched up 0.24 percent in early trade.

In Australia, the S&P/ASX 200 slipped 1.09 percent. Despite the decline, economic data showed the country’s second-quarter GDP grew 1.8 percent year-on-year — the fastest pace since September 2023. The figure beat economists’ forecast of 1.6 percent in a Reuters poll and improved on the 1.3 percent expansion in the previous quarter.

Markets on Tuesday: Nifty Slips Below 24,600 After Early Gains; Midcaps Hold Firm

The market on Tuesday reversed course after a strong start, with the Nifty slipping below 24,600 and giving up nearly 200 points from the day’s high. While the midcap index pared some gains, it still managed to end in the green. Market breadth stayed positive with an NSE advance-decline ratio of 2:1.

Good morning and welcome to the live coverage of all the action from D-Street. Stay tuned to this blog for all live updates from the market in India and around the world.