SENSEX JUMPS 400 POINTS, NIFTY 50 ENDS ABOVE 24,700— 10 KEY HIGHLIGHTS FROM THE INDIAN STOCK MARKET TODAY

The Indian stock market witnessed healthy buying across segments, led by optimism over a potential GST slab rationalisation.

The Sensex closed the day with a gain of 410 points, or 0.51 per cent, at 80,567.71, while the Nifty 50 rose 135 points, or 0.55 per cent, to settle at 24,715.05. The BSE Midcap index rose 0.63 per cent, while the Smallcap index jumped 0.90 per cent.

The overall market capitalisation of BSE-listed firms rose to nearly ₹453 lakh crore from ₹450 lakh crore in the previous session, making investors richer by about ₹3 lakh crore in a single session.

Indian stock market: 10 key highlights from the day

1. Why did the Indian stock market rise today?

Investors bought stocks in all major sectors, except for IT, on expectations of GST rate reduction which can boost consumption and further accelerate domestic economic growth.

"Indian equities closed higher after a mixed start to the session, buoyed by expectations of a consumption-led stimulus from the potential GST slab rationalisation. All categories of consumer-based sectors, like discretionary, durable and staples, continued to outperform," Vinod Nair, Head of Research, Geojit Investments Limited, observed.

However, the risks of Trump's tariffs persist, and there are no signs that the 50 per cent US tariffs on Indian goods will soon come down.

According to a Bloomberg report, US President Donald Trump said on Tuesday that he is not looking at lowering tariffs on India.

Moreover, any disappointment from the GST Council can deteriorate market sentiment.

"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," said Nair.

(This is a developing story. Please check back for fresh updates.)

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Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

2025-09-03T10:23:06Z