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Closing Bell: Sensex Closes in Red, Nifty Ends At 24,743 Mark; ITC, TCS Drag
Indian stock market extended losses, with Sensex dropping nearly 350 points and struggling to hold above 80,300 levels. Meanwhile, NIFTY plunged by nearly 95 points and traded around 24,640. Bank Nifty dropped 330 points.
Sector-wise, the Nifty IT index fell 1.69%, while the Nifty FMCG index dropped 1.59% to 56,197.70, putting pressure on the market
Realty stocks also corrected, with the Nifty Realty index down 1.53% On the other hand, Nifty Pharma and Nifty Healthcare were up with small gains.
Earlier, Both benchmarks saw substantial gains as the Indian stock markets got the day off to a positive start. Driven by broad-based sectoral gains, with 15 out of 16 key sectors turning positive, the BSE Sensex advanced around 0.36% to reach 81,012.42, while the NSE Nifty 50 climbed about 0.34% to start around 24,818.85.
As the GST Council accepted the centre's proposal for a streamlined two-slab GST structure of 5% and 18%, effective September 22, the Nifty finished slightly higher by 0.08% at 24,734 on Thursday, while benchmark indices edged upward.
On the international market front, with substantial gains in key indices, the performance of Asian financial markets is on a stronger note as of September 5, 2025. Strong performers include Australia's S&P/ASX 200 and South Korea's KOSPI, as well as Japan's Nikkei 225, which is up more than 1%. On the other hand, the markets in China and Hong Kong are declining, as seen by the green trading of the Shanghai Composite Index and the Hang Seng Index.
Stock Market Live Updates: Nifty Sectoral Indices See Mixed Movement Amid Losses in Realty, FMCG and IT
Nifty sectoral indices traded mostly in the red, with realty, FMCG and IT sectors leading the losses. Private banks, financial services and pharma also experienced declines. In contrast, the auto and media sectors posted gains, while metals and mid-small cap stocks remained largely steady.
Stock Market Live Updates: FMCG Stocks Slip Up to 3% as Investors Book Profits After Rally
FMCG stocks declined up to 3% on Friday as investors booked profits after a five-day rally. Varun Beverages led the fall with a nearly 4% drop, followed by ITC, Emami, and Colgate Palmolive. Other major names like Patanjali Foods, Dabur India, HUL, Godrej Consumer, and Nestle India also slipped up to 1.5%.
Stock Market Live Updates: Indus Towers Stock Rises
The telecom services provider, Indus Towers stock zoomed by over 2.4% after its promoter Bharti Airtel made share purchase of 68.76 lakh shares from August 25 to September 1.
Market Live Updates: Bank Nifty Plunged; Top Bears
Banking stocks emerged among top losers to drag Indian stock market. Bank Nifty dropped by nearly 330 points or 0.6%. Heavyweight stocks like AU Small Finance Bank, ICICI Bank, Bank of Baroda, SBI, IndusInd Bank, Kotak Bank and HDFC Bank traded in red, with decline ranging from 0.3% to 2%.
Market Live Updates: PNC Infra Shares Rally
The share price of PNC Infra surged by nearly 2% on BSE after bagging an order worth Rs 496 crore from Bihar government.
Nifty top gainers So far Today
On Friday, the Nifty 50 top gainers list was led by Mahindra & Mahindra (M&M), which jumped 2.28%, followed by Eternal Ltd rising 2.18%, Eicher Motors gained nearly 1.98%while SBI Life Insurance advanced 1.39% Shriram Finance also ended higher. Stong buying activity was seen in auto and financial stocks
Nifty top Losers So far Today
Among the Nifty top losers today, ITC slipped the most, falling 2.34%, followed by IT major TCS, which declined 2.05%. Other tech stocks also dragged the index lower with Infosys down 1.64% ,Tech Mahindra losing 1.59% , and HCL Tech shedding 1.61%, as of Midday.
Market Live Updates: IT Stocks Drag Market
Major heavyweight tech stocks like HCL Tech, Tech Mahindra, Wipro and TCS have nosedived by 1% to 2%, emerging as top losers of Sensex and Nifty.
Shriram Properties signs JDA for a prime land in North Bengaluru
Shriram Properties Limited has signed a Joint Development Agreement for around 6.5 acres prime land in North Bengaluru. The Company is set to develop a premium residential apartment project with a saleable area of approximately 0.6 million square feet and an estimated GDV potential of ₹500 crores. (approx)
TCS Selected by the Government of Odisha to Build Next-Gen, AI-enabled Integrated Financial Management System
Tata Consultancy Services, has partnered with the government of Odisha to design and implement Integrated Financial Management System (IFMS) 3.0. Leveraging advanced cloud-native technologies, this microservices-based architecture will automate the state’s comprehensive public finance workflows, representing a key advancement in Odisha's digital transformation roadmap.
Ola Electric Share Price Falls as SoftBank Sells 2.15% Stake
Japan's tech investment giant SoftBank Group has slightly reduced its ownership in Ola Electric, the Indian electric scooter company. Over the past two months, SoftBank sold about 2.15% of its stake in the company, bringing its total holding down from 17.83% to 15.68%, as revealed in an official filing on Thursday.
Sector Update: Cement | Implications of GST rate changes
“The GST Council has approved a reduction in GST rates on cement from 28% to 18%, effective 22nd Sep’25. This is expected to lower cement prices by INR 25–30/bag. While we expect limited near-term demand elasticity, the move positions the industry favorably to enhance net realizations and margins over the medium to long term. Additionally, a marginal benefit will accrue from the release of working capital tied up in non-trade sales (~25–30% of industry volumes) and for the channel partners. On the cost side, the increase in GST on coal from 5% to 18% should be neutral, as input tax credit can be fully offset against GST liability. Importantly, the removal of the clean energy cess (INR 400/tn) is a positive, particularly for players in East and Central based players. On the other hand, GST rationalization may weigh on incentive income for industry participants,” said Dharmesh Shah of JM Financial Institutional Securities.
Sector Update: Automobiles | GST rationalisation: Affordability boost for automobiles sector
“The auto sector has been grappling with two main challenges: Affordability, and liquidity. Both the Government of India and the Reserve Bank of India (RBI) have, in recent policy decisions, tried to address both these concerns through GST rationalisation and monetary easing. (1) GST rationalisation: The GST Council has approved a broad rationalisation of GST rates across vehicle categories, effective 22nd Sep’25. Notably, GST has been reduced from 28% (plus 1-3% cess) to 18% for: a) small petrol / diesel cars (=1,200cc/1,500cc and =4,000mm), b) motorcycles =350cc, c) 3Ws, and d) motor vehicles for goods transport, directly addressing affordability in mass-market categories. For larger cars and UVs, the effective rate has been streamlined to 40% (vs. 45-50% earlier), while EVs continue to enjoy the concessional 5% rate, ensuring policy consistency. Tractors will now attract 5% GST (vs. 12% earlier), which should boost demand going ahead. However, GST on motorcycles >350cc has been raised to 40% (from 31%). Overall, we view this rationalisation as structurally positive for the auto sector, easing affordability pressures and supporting demand recovery. (2) Monetary easing: The recent CRR cut by the RBI has improved liquidity, reflected in retail vehicle loan growth of 8.7% / 10.8% YoY in Jun’25 / Jul’25. Given that both challenges - affordability and liquidity - are being addressed, we expect a sharp rebound in demand in the sector. We expect MSIL, M&M, HMCL, TVSL, and EIM to emerge as key beneficiaries of these developments,” said Saksham Kaushal of JM Financial Institutional Securities.
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
The initial enthusiasm witnessed in the market yesterday couldn’t be sustained. The expected short-covering did not happen, bringing the prices down towards the close. Also, the market had partly discounted the GST reforms earlier. The high valuations even amidst geopolitical and tariff-related headwinds helped bears to accumulate short positions in the market. The sustained massive buying by mutual funds in equity has touched Rs 70500 crores in August. With high money muscle facilitated by the sustaining fund flows into the market mutual bund buying will support the market during declines. A significant feature of the present market trend is the weakness in overvalued mid and smallcaps and relative strength in the fairly valued largecaps. This is a healthy trend which can be expected to continue.
Bank Nifty Outlook Today By Om Mehra, Technical Research Analyst, SAMCO Securities
The index continues to remain below all short-term moving averages, keeping the immediate trend tilted to the weaker side. On the broader timeframe, the index is still protecting the recent swing lows, 53,560. On the higher side, sustaining above 54,550 would be essential to lend strength and open the path for a sustained uptrend. The RSI at 37 reflects muted momentum. The resistance remains at 54,550–54,620, where short-term averages converge, whereas support is placed at 53,600–53,480. Unless Nifty Bank decisively reclaims 54,900, the overall outlook is expected to stay tilted toward consolidation with limited directional move.
Nifty Outlook Today By Om Mehra, Technical Research Analyst, SAMCO Securities
Nifty continues to oscillate between the 20-SMA at 24,650 and the 50-SMA at 25,000, leaving the short-term outlook indecisive. In the broader timeframe, the index is moving within a wide range, where 24,500 has repeatedly acted as a safeguard on a closing basis. As long as this base holds, the broader outlook remains neutral to positive despite short-term swings. The RSI is placed at 49, close to the midpoint, suggesting balanced momentum without a directional edge, while the MACD remains in negative territory. The support remains at the 24,600–24,530 zone. On the higher side, resistance is capped at the 24,900–25,000 zone, aligned with the 50-SMA. Unless Nifty decisively reclaims 25,000, the index is likely to remain range-bound, with 24,500 as a crucial base keeping the broader stance neutral to positive.
Nifty Bank Derivatives Snapshot By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The options market reflected a cautious undertone, with call writers maintaining dominance at higher levels. The 55,000 strike recorded heavy call writing, with open interest climbing to 12.92 lakh contracts, reinforcing it as a strong resistance zone. On the flip side, the 54,000 strike drew the maximum put open interest of 12.93 lakh contracts, confirming it as immediate support. Fresh call additions closer to spot levels highlight limited conviction for a sustained upside, while aggressive put positioning at near-the-money strikes indicates a neutral-to-defensive stance. The Put-Call Ratio (PCR) slipped marginally from 0.90 to 0.87, reflecting a cautious approach, though clear price confirmation remains critical.
Bank Nifty Prediction Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Nifty Bank finds itself at a pivotal point, with the continuation of momentum hinging on a breakout beyond Thursday’s 54,500 high or 53,950 low. On the hourly chart, the index is hovering near a potential double-bottom formation, while a strong base at lower levels continues to anchor its sideways trajectory. Key moving averages, however, are acting as stiff hurdles at the higher end. Options positioning further reinforces this non-directional structure, with significant call and put writing clustered at both ends of the spectrum. A decisive move above 54,500 could trigger sharp short-covering and open the path for a stronger rally. Until then, the sideways bias is likely to prevail, favouring a “Range Trading” strategy with 53,900 as the floor and 54,500 as the ceiling.
Nifty Derivatives Highlights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
The options market highlighted cautious sentiment, with call writers aggressively outpacing put writers. The 25,000 strike saw a sharp build-up of open interest, rising to 1.83 crore contracts, firmly establishing it as a resistance ceiling. Conversely, the 24,500 strike attracted the highest put open interest at 1.29 crore contracts, reinforcing it as a key support zone. The emergence of fresh call writing near current levels points to limited conviction for further upside, while concentrated put writing at at-the-money strikes reflects a neutral-to-defensive stance. The Put-Call Ratio (PCR) fell sharply from 1.21 to 0.73, suggesting an increase in bearish bets, though a decisive price move is still awaited for confirmation.
Nifty Prediction Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities
Nifty remains directionless, with every intraday rise consistently met by selling pressure and profit booking across sectors, leaving little room for a bullish continuation. The index finds itself boxed between the psychological hurdle of 25,000 on the upside and a solid base at 24,500–24,400 on the downside. Heavy clustering of call and put positions at these levels further reinforces the sideways trajectory. A decisive breakout above 24,900 could trigger meaningful short covering and open the door for an extended rally. Until then, the sideways bias is likely to dominate, favouring a “Range Trading” approach with 24,400 as the floor and 24,900 as the ceiling.
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