On the sectoral front, realty, FMCG, IT indices down 1 percent each, while auto index up 1.3 percent and media, metal up 0.5 percent each. M&M, Eicher Motors, Maruti Suzuki, Dr Reddy's Laboratories and Power Grid are among major gainers on the Nifty, while losers are ITC, TCS, Cipla, HCL Technologies, Cipla. BSE Midcap and Smallcap indices is trading flat.
Piyush Goyal on Thursday said the government expects tax revenues to rise, not fall, following the rationalisation of GST rates, as higher demand will offset any rate cuts.
Nearly 140 stocks touched their 52-week highs on the BSE, including M&M, Zydus Wellness, Maharashtra Scooters, Muthoot Finance, Nuvoco Vistas, Cummins India, Eicher Motors, Nykaa, TVS Motor, Lemon Tree Hotels, Marico, L&T Finance, Dalmia Bharat, MRF, UltraTech Cement, India Cements, Maruti Suzuki, Paytm, among others.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,06,500 per 10 grams today.
Even as investors are optimistic on the GST reforms, Dalal Street's optimism fizzled out in trade on Thursday, September 4.
Sensex and Nifty continued to trade in positive territory on September 4, though both indices were off the day’s highs as investors booked profits following the GST relief announcements.
Mixed global cues and profit booking weighed on markets as they pared gains from day's high
M&M, Bajaj Finance, Bajaj Finserv, Apollo Hospitals, Nestle are among top gainers on the Nifty, while losers are HDFC Life, Tata Consumer, Wipro, Bharat Electronics, IndusInd Bank. Among sectors, auto index up nearly 1 percent, FCMG index up 0.3 percent, while IT, media, metal, oil & gas, realty, power, PSU Bank down 0.5-1 percent. BSE Midcap and smallcap indices shed 0.6 percent each.
Experts say that the decision of merging GST rates into 5% and 18% -- while reserving 40% for sin goods -- will benefit many sectors like FMCG, auto, insurance, consumer durables and MSMEs among others ahead of the festive season.
Gold rate today: '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 change,' said Vinod Nair from Geojit Investments.
With global uncertainty on the rise, analysts noted that the domestic market also is going to experience high volatility.
On September 3, Nifty Metal index closed 3% higher and was the top sectoral gainer on China tightening supply and weaker dollar
With global uncertainty on the rise, analysts noted that the domestic market also is going to experience high volatility.
Metals and autos gained in early trade, while IT stocks extended losses. Broader markets outperformed slightly, with India VIX steady near 11
Closing Bell: 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
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
Spot gold was steady at $3,476.48 per ounce as of 0947 GMT, after hitting a record high of $3,508.50 earlier in the session. Bullion has gained 32% so far this year
Nifty 50 and Sensex gave up their morning gains as investors sold off their banking stocks; ICICI Bank, HDFC Bank and Kotak Mahindra Bank were among the top losers.
Investors should wait and watch for developments to unfold amid global uncertainties, noted experts, adding that investments can be focused on domestic consumption plays.
Sensex and Nifty rose for the second straight session on September 2 as easing volatility and strong moves in Reliance and sugar stocks supported sentiment. Sugar shares surged up to 12 percent after the government allowed ethanol production from sugarcane and sugar syrup
Closing Bell | The market 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.
The positive sentiment follows robust Q1 GDP data, a technical breakout in Nifty, and mixed global cues amid tariff uncertainty.
Indian markets started September on a positive note, with Sensex and Nifty rallying after India’s Q1 GDP growth came in at 7.8 percent, beating expectations. Auto and IT stocks led the charge, while analysts see strong support at lower levels and potential for a move toward 25,000 on the Nifty
Gold rate today: Yellow metal's October contracts on the MCX hit a fresh record high of Rs 1,05,937 per 10 grams today.
Gold's futures contracts with October expiry on MCX jumped more than 2% to hit an all time high of Rs 1,05,937 per 10 grams today.
