Closing Bell: Sensex Ends 400 Pts Higher, Nifty Ends Abvoe 24,700; Tata Steel, JSW Steel, Hindalco Top Gainers

Just few minutes before the closing bell, Indian stock indices traded on a strong bulls note. Nifty reclaimed above 24,700 mark and traded near its day's high of 24,728. While Nifty MIDCAP index and Nifty Bank also performed near their day's high with upside of nearly 1%. Sensex held above 80,640 levels and gained nearly 490 points. Investors focused on the outcomes of a significant Goods and Services Tax Council meeting. The anticipation was centred around potential rate reductions on various goods.

Investor Caution Amid GST Meeting
The GST Council's decisions are crucial for market participants. Any changes in tax rates can significantly impact consumer prices and corporate earnings. As a result, investors often tread carefully during such periods of uncertainty.

Market analysts suggest that the GST Council's deliberations could lead to adjustments in tax rates. These changes might affect sectors like consumer goods and manufacturing, which are sensitive to tax fluctuations.

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Sep 03, 2025, 3:43 pm IST

Closing Bell: Sensex Ends 400 Pts Higher, Nifty Ends Abvoe 24,700; Tata Steel, JSW Steel, Hindalco Top Gainers

Closing Bell: Sensex Ends 400 Pts Higher, Nifty Ends Abvoe 24,700; Tata Steel, JSW Steel, Hindalco Top Gainers

Sep 03, 2025, 3:17 pm IST

Stock Market Live Updates: Ola Electric Nears IPO Price

Ola Electric shares have skyrocketed nearly 13% to trade near its intraday high of Rs 69.97 apiece. The stock is now nearing its IPO issue price of Rs 76. Experts are optimistic on Ola Electric.

Sep 03, 2025, 3:13 pm IST

Stock Market Live Updates: Indices At Day's High

Just few minutes before the closing bell, Indian stock indices traded on a strong bulls note. Nifty reclaimed above 24,700 mark and traded near its day's high of 24,728. While Nifty MIDCAP index and Nifty Bank also performed near their day's high with upside of nearly 1%. Sensex held above 80,640 levels and gained nearly 490 points.

Sep 03, 2025, 2:53 pm IST

China's Capacity Curbs Fuel 5% Surge in Tata Steel and Metal Stocks!

Tata Steel and other metal stocks rose 5% driven by China's decision to limit its steel production capacity. Investors responded positively, anticipating a potential reduction in global steel supply, which could lead to higher prices. The move by China is seen as a strategic effort to manage environmental concerns and stabilize the market.

Sep 03, 2025, 2:22 pm IST

Investors Keep A Close Watch On GST Meeting

Union Minister for Finance and Corporate Affairs Smt. @nsitharaman chairs the 56th meeting of the GST Council, in New Delhi, today.

The participants included Union Minister for State for Finance Shri @mppchaudhary, Chief Ministers of Delhi, Goa, Haryana, Jammu and Kashmir,… pic.twitter.com/pqz8upYg1U

— Ministry of Finance (@FinMinIndia) September 3, 2025

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chairs the 56th meeting of the GST Council, in New Delhi, today.

Sep 03, 2025, 1:04 pm IST

Acuité Upgrades SpiceJet’s Credit Rating to BB-

Acuité Ratings & Research upgrading its long-term credit rating to BB- (Stable) for SpiceJet and short-term rating to A4+.This upgrade builds on the strong momentum in SpiceJet’s credit profile. In November 2024, Acuité had raised the airline’s rating by four notches to B+ (Stable) along with a short-term rating of A4. This was followed in January 2025 by CareEdge Ratings assigning a BB- (Stable) rating, marking SpiceJet’s second upgrade within just three months.

Sep 03, 2025, 1:03 pm IST

Nisus Finance secures Majority Stake in NCCCL in Strategic Management-Led Buyout

Nisus Finance Services Co Limited, a leading investor with a strong focus on urban infrastructure, has acquired a majority stake in New Consolidated Construction Company Ltd. (NCCCL) through its subsidiary, Nisus Finance Projects LLP. Executed as an all-cash, management-led buyout, the transaction marks a pivotal milestone in Nisus’ strategy to scale and consolidate India’s infrastructure ecosystem. As part of the acquisition, Nisus has infused INR 70 Cr as primary growth capital, strengthening NCCCL’s balance sheet and positioning the company to capture high-potential opportunities in India’s fast-evolving building infrastructure landscape.

Sep 03, 2025, 12:35 pm IST

Welcure Drugs Signs LOI with Telexcell Trade for 25% Strategic Stake at Premium Price

Welcure Drugs & Pharmaceuticals Ltd. on September 3, 2025, announced the execution of a Letter of Intent (LOI) with Singapore-based Telexcell Trade PTE LTD for a proposed equity investment. As per the agreement, Telexcell plans to acquire up to 25% stake in Welcure at an indicative price of Rs. 20 per share, nearly double the company’s current market price of below Rs. 10. The all-cash transaction, subject to due diligence and regulatory approvals, aims to expand Welcure’s global presence in pharmaceutical and chemical exports, with a strong focus on emerging markets.

Sep 03, 2025, 9:29 am IST

GST Council Meeting Live Updates: Market Opens in Red

The stock market opened on the lower side thor morning ahead of the GST Council meeting. The Sensex started the day at 80,120.79, down 37.09 points (0.046%), while the Nifty 50 edged slightly higher at 24,591.15, up 11.55 points (0.047%). I

Sep 03, 2025, 9:19 am IST

Nifty technical views from Anand James, Chief Market Strategist, Geojit Investments Limited

After spending the first half inside the 24697-809 band we had pencilled in yesterday as the upside objective, a drop ensued, signalling rejection trades. Hence, though Nifty ended above 24550 towards close, we are not as optimistic as yesterday. A push back above 24670 will interest us again on the upside hopes, but the downside objectives of 24200-24075-23860 is back into the radar, calling for higher caution than earlier.

Sep 03, 2025, 9:18 am IST

Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

With global uncertainty on the rise, the market also is going to experience high volatility. There are potentially positive and negative news that can impact the market, going forward. On the negative front, the likelihood of the 25 % penal tariff imposed on India getting withdrawn, is getting difficult since India has refused to accept Trump’s dictates. This means, in the short-run our exports and related jobs will continue to suffer. On the positive front, the Q1 GDP growth number at 7.8% indicates growth momentum in the economy. This will get accelerated by the coming reforms in GST. The net result of all these can be an upward revision in the earnings growth for FY26 and FY 27. This has the potential to turn FIIs into buyers in India triggering a rally in the market. This is a likely scenario which can play out in a few weeks. Also, the situation may dramatically change if the U.S. Supreme Court disallows the appeal from the U.S. administration regarding Trump’s tariffs. Volatile days ahead. Investors should stay invested and slowly accumulate high quality, fairly valued stocks.

Sep 03, 2025, 8:29 am IST

Nifty Bank Derivatives Highlights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities

The options market displayed a cautious undertone, with call writers aggressively adding exposure at higher levels. Substantial call writing was observed at the 54,000 strike, where open interest surged to 12.89 lakh contracts, reinforcing it as a stiff resistance cap. On the downside, the 53,000 strike attracted the highest put open interest of 8.17 lakh contracts, reaffirming it as immediate support. Fresh call writing closer to spot levels suggests limited confidence in a meaningful upside, while aggressive put positioning around at-the-money strikes highlights a largely neutral stance. The Put-Call Ratio (PCR) held steady at 0.83, underscoring persistent selling pressure, though validation through price action remains crucial.

Sep 03, 2025, 8:29 am IST

Nifty Bank Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities

Nifty Bank’s inability to sustain higher levels, coupled with overhead resistance from key averages, continues to dictate its volatile trajectory. With the index trading near the crucial 53,500 zone—where the 200-day EMA also resides—sharp intraday whipsaws cannot be ruled out. Overall, unless Nifty Bank decisively reclaims 54,200, the outlook remains tilted to the downside with potential downside extensions towards 53,000. However, an intraday mean reversion or short-lived pullback may provide temporary relief to traders.

Sep 03, 2025, 8:29 am IST

Nifty Derivatives Highlights By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities

The options market reflected a cautious undertone as call writers aggressively added positions at higher strikes. Heavy call writing was seen at the 25,000 strike, where open interest spiked to 58.60 lakh contracts, cementing it as a strong resistance ceiling. On the flip side, the 24,500 strike continued to attract the highest put open interest at 51.28 lakh contracts, establishing it as immediate support. Notably, fresh call writing closer to current levels signals limited conviction in a sustainable upside, while aggressive put positioning near at-the-money strikes reinforces a broadly neutral stance. The Put-Call Ratio (PCR) slipped sharply from 1.12 to 0.81, reflecting growing selling pressure, though confirmation from price action remains key.

Sep 03, 2025, 8:28 am IST

Nifty Bank Outlook Today By Dhupesh Dhameja, Derivatives Research Analyst, SAMCO Securities

Nifty’s inability to sustain follow-through buying, coupled with persistent resistance from key averages, has reinforced its sideways trajectory. The index remains locked in a 24,800–24,400 band, where both call and put writers have clustered positions, creating a tight non-directional setup. A decisive break above 24,800 could trigger meaningful short-covering, opening the door for a stronger upside push. Until then, the sideways bias prevails, and traders may consider a “Range Trading” strategy, with 24,400 as the floor and 24,800 as the ceiling.