More Stories

Informist, Thursday, Sept. 4, 2025

 

By Gopika Balasubramanium

 

MUMBAI – The benchmark equity indices closed almost flat Thursday, giving up most of the day's gains. Analysts said the indices did not rise as much Thursday as they had already risen 1-2% since Aug. 15, when the prime minister first proposed a reorganisation of the goods and services tax structure. Late Wednesday, the Goods & Services Tax Council accepted the proposal. The revision of rates will come into effect Sept. 22, the first day of the Navratri festival.

 

The benchmark indices breached their respective resistance levels intraday but came off the day's highs as investors exited profitable positions. Moving several commodities and products from the 12% and 28% slabs to, respectively, the 5% and 18% slabs is seen improving demand in the second half of the financial year 2025-26 (Apr-Mar), analysts said. Household demand has been sluggish for several quarters, with companies, especially the consumer-facing ones, struggling to cope with margin pressure. Analysts believe the impact on earnings of recent measures by the government--the income-tax rebate, interest rate cut, and GST rejig--will be seen from the December quarter earnings.

 

The Nifty 50 closed at 24734.30 points, up 19.25 points. The 50-stock index had soared past its immediate resistance of 24750 points to 24980.75 points intraday, but came off the highs on selling for profit. The BSE Sensex closed at 80718.01 points, up 150.30 points or 0.2%. All the broader market indices ended in the red after coming under intense selling pressure. The Nifty Smallcap 100 and Nifty Midcap 100 each closed 0.7% lower at 17621.95 points and 56959.15 points, respectively.

 

Following the GST Council slashing rates across automobile categories, shares of automobile majors such as Mahindra & Mahindra, Eicher Motors, and Maruti Suzuki India surged to their respective historical highs intraday. The council reduced tax on small cars, with engines below 1200 cubic centimetres, to 18% from 28%. Maruti Suzuki, whose small car volumes have declined sharply in recent quarters, is seen benefiting from this move. The GST Council increased GST on mid-sized and big cars to 40% from 28% while doing away with the compensation cess. These cars were earlier taxed at 45-50%, including cess. GST on two-wheelers and three-wheelers has also been reduced to 18% and on tractors and agricultural machinery to 5% from 12%.

 

Bajaj Finance and Bajaj Finserv closed 4% and 2% higher, respectively. Other non-banking finance companies such as Muthoot Finance and Cholamandalam Investment and Finance Co. also gained 1.5?ch. The GST rate rationalisation is directionally positive for both vehicle and consumer durable financiers, said Bunty Chawla, research analyst at IDBI Capital Markets & Securities. "Impact should be sizeable and visible in Q3 (Oct-Dec), but it's very difficult to quantify as we will have to see how much uptick is there in the festive season," the analyst said. "There are expectations of much better on-year earnings in Q3 (Oct-Dec), as income tax rebate and GST cut should free up some money for consumers."

 

Most fast-moving consumer goods companies gained following the cut in tax rates on several foods and beverages, including namkeen, cheese, instant noodles, chocolate, cakes, pasta, coffee, and juices. The tax body also cut GST on daily-use products such as soap, shampoo, and toothpaste. The shares rose on optimism about the sector, whose growth is expected to improve from the December quarter. Nestle India, Hindustan Unilever, and Britannia Industries gained on the back of the tax rationalisation. Consumer durable stocks also rallied with Havells India and V-Guard Industries gaining over 1?ch.

 

* Of the Nifty 50 stocks, 19 rose and 31 fell 

* Of the Sensex stocks, 10 rose and 20 fell

* On the NSE, 1,224 stocks rose, 1,818 fell, and 99 were unchanged

* On the BSE, 1,809 stocks rose, 2,325 fell, and 146 were unchanged

* Nifty Auto: up 0.9%; Nifty Financial Services: up 0.5%; Nifty IT: down 0.9%

---

BSE                                              NSE

Sensex: 80718.01, up 150.30 points or 0.2%       Nifty 50: 24734.30, up 19.25 points or 0.1%

---

S&P BSE Sensitive Index	Nifty 50
Lifetime High: 85978.25 (Sept. 27, 2024)	: Lifetime High: 26277.35 (Sept. 27, 2024)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 84058.90 (Jun. 27)	: 2025 Closing High: 25637.80 (Jun. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 84099.53 (Jun. 30)	: 2025 High (intraday): 25669.35 (Jun. 30)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

---

 

End

 

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.