Summary of this article
Sensex closed 150.30 points higher at 80,718.01, and Nifty 50 ended 19.25 points up at 24,734.30
Small and midcap indices fell, bucking the trend in benchmarks
Nifty Auto surged 0.85 per cent to emerge as top sectoral gainer
Domestic equity benchmark indices gave up most of their early gains to end with marginal gains on September 4, 2025, as volatility spiked during BSE’s weekly derivatives expiry. The initial rally came after the GST Council announced sweeping tax reforms earlier today, reducing GST rates on goods and services across sectors, with an aim to boost domestic consumption.
The Sensex zoomed 888.96 points, or 1.03 per cent, to touch an intra-day high of 81,456.67, but pared most of the gains to settle 150.30 points, or 0.19 per cent, higher at 80,718.01.
Similarly, the Nifty50 rallied to an intra-day high of 24,980.75, up 265.70 points or 1.07 per cent, before closing with a marginal gain of 19.25 points, or 0.08 per cent, at 24,734.30.
The broader markets, however, underperformed. The Nifty Midcap 100 fell 0.67 per cent, the Nifty Smallcap 100 declined 0.71 per cent, Nifty 500 slipped 0.20 per cent and the Nifty Microcap 250 lost 0.65 per cent.
Auto Emerges Top Sectoral Gainer
Nifty PSU Bank, Nifty Energy, Nifty Oil & Gas, and Nifty IT were the top sectoral losers, falling between 0.94 per cent and 1.11 per cent. Metal, Realty, Pharma, and Media were other sectoral losers.
Nifty Auto emerged as the top gainer, rising 0.85 per cent. Following it, Nifty Financial Services rose 0.47 per cent and Nifty FMCG advanced 0.24 per cent. Nifty Consumer Durables and Nifty Private Bank closed flat with a slight positive bias.
Nifty Bank, which tracks the 12 most liquid and valuable bank stocks, too, ended flat, gaining 7.90 points, or 0.01 per cent, to close at 54,075.45.
Nifty 50 Top Gainers & Losers
Mahindra & Mahindra jumped 5.90 per cent and Bajaj Finance surged 4.10 per cent to emerge as the top gainers in the Nifty 50 index. Apollo Hospitals, Bajaj Finserv, Nestle India, Grasim, Trent, ITC, Eicher Motors, ICICI Bank, HDFC Bank, Asian Paints and Eternal (formerly Zomato) were the other top gainers.
On the other hand, HDFC Life Insurance, Tata Consumer Products, IndusInd Bank, Wipro, Maruti Suzuki India, Bharat Electronics, HCL Technology, Power Grid, Jio Financial Services, and Infosys were the top losers, falling between 1 per cent and 3 per cent.
Crude Oil Prices Today
Crude oil prices fell on September 4 as reports emerged that OPEC+ could approve another production hike in its upcoming meetings.
On the Multi Commodity Exchange (MCX), September crude oil futures fell 1.33 per cent to Rs 5,559 per barrel, as of the time of filing this report.
Internationally, November Brent crude futures slipped 1.36 per cent to $66.68 per barrel, and the October WTI crude declined 1.41 per cent to $63.07 a barrel.
Gold Prices Today
Gold prices fell today amid profit-booking after hitting a fresh record high in the previous session. The October Gold futures on MCX fell 0.83 per cent to Rs 1,06,308 per 10 grams. Globally, the December Comex Gold futures fell 1.06 per cent to $3,597 an ounce.
US Dollar Index
The US Dollar index September futures surged 0.18 per cent to 98.26 ahead of the upcoming US non-farm payrolls and unemployment data.
Indian Rupee
Indian Rupee traded weak at 88.13 down by 0.06 per cent, after initially opening higher amid GST rate cuts.
Market Outlook
Market participants will be awaiting a host of macroeconomic data from the US, including the nonfarm employment, services PMI, non-manufacturing PMI, jobless claims, and crude oil inventories data, which are expected to guide the sentiment of the market ahead.
On the domestic front, the 56th GST Council announced major tax reforms earlier today, and market participants will be watching how these rate changes impact companies and sectors overall.
Uncertainty over the US trade deal continues, while talks on a potential India-European Union free trade agreement (FTA) is also likely to be under focus.
