KEY HIGHLIGHTS
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Rupee Closes Weaker Against US Dollar
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Stock Market Today: Why Nifty 50, Sensex Are Rallying? Thank GST Cuts And Domestic Inflows
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GST Reforms Reactions: GST Reforms To Cost 'Only' Rs 18,000 Crore For Central Government: Bernstein
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Nifty 50| Sensex| Stock Market Today: Auto Stocks Zoom On GST Rate Cuts: Escorts Kubota, M&M, Eicher Motors Lead Pack
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Stock Market LIVE: Nifty FMCG Hits Seven-Month High Post GST Reforms; Britannia And Colgate Palmolive Top Gainers
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Stock Market LIVE: Nifty, Sensex Rise For Second Session
Benchmarks outperform broader Markets
Nifty fell over 1% from the day’s high after opening higher
Nifty close on a flat note, fell 1.1% from the day's high.
SBI Life Insurance and HDFC Life Insurance and Tata Consumer Products fell over 5% from the day high
Insurance stocks pare the morning gains
Tata Consumer Products, HDFC Life Insurance and Wipro fell the most in Nifty
Nifty Midcap 150 snaps 3-day gaining streak, drag by Indian Overseas Bank, Cochin Shipyard and One 97 Communication
Nifty Smallcap 250 snaps 3-day gaining streak, drag by Shipping Corp, TBO Tek and Data Patterns
Nifty Midcap 150 fell over 1.7% from the day’s high
Escorts Kubota, Star Health fell over 10% from the day’s high
The New India Assurance fell over 6% from the day’s high
Rupee Closes Weaker Against US Dollar
Rupee closed 11 paise weaker at 88.18 against US dollar
It settled at 88.07 on Wednesday
Source: Bloomberg
Stock Market LIVE: Swelect Energy Appoints Arulkumar Pudur Shanmugasundaram As MD
Swelect Energy appointed Arulkumar Pudur Shanmugasundaram as chief executive officer and managing director for five years, the company said in the exchange filing.
Stock Market LIVE: Citi Research On Metals
Coal: GST rationalization marginally positive for end-users
Aluminium: Neutral near-term and bullish medium-term
Remain bearish on zinc as strong supply growth looks to shift the global market into surplus
Gold and silver to continue marching higher
Gold is likely to continue its march higher to $3,600/oz and expect silver to reach $43/oz
Estimate that the removal of compensation cess on coal could lower the aluminium cost of production by 2-3% for aluminium producers
Both Hindalco and Vedanta would gain
Stock Market LIVE: TVS Motor Introduces TVS NTORQ
TVS Motor Co introduced TVS NTORQ 150 scooter at Rs 1.19 lakh, ex showroom, the company said in the exchange filing.
Stock Market LIVE: Karnataka Bank Appoints Raja BS As COO
Karnataka Bank Ltd. appointed Raja B S as chief operating officer for two years, the company said in the exchange filing.
GST 2.0: Raamdeo Agarwal Forecasts Bumper Second Half With Boost To Credit Flow
Market veteran, Raamdeo Agrawal, believes that the market will need time to digest the magnitude of the GST reform but expects a strong second half to the financial year. In an exclusive interview to NDTV Profit, he added that the auto sector would be the most impacted.
On Wednesday, the GST Council approved a two-tier rate structure of 5% and 18%, replacing the existing four major slabs — 5%, 12%, 18%, and 28%.
Stock Market LIVE: Poonawalla Fincorp Approves Raising Upto Rs 1,500 Crore Through NCDs
Poonawalla Fincorp approved raising Rs 1,500 crore via non-convertible debentures, the company said in the exchange filing.
Supreme Court Ends Contempt Case Against Patanjali: Timeline of Baba Ramdev Company's Legal Issues
The Supreme Court on Tuesday closed the contempt proceedings initiated against Patanjali Ayurved's Baba Ramdev and Acharya Balkrishna in the misleading ads fracas. The court accepted the apology tendered by them for their actions. However, it warned both of them to not repeat the mistakes in future.
Earlier in July Patanjali Ayurved Ltd. had found itself in legal hot water once again as the Bombay High Court imposed a fine of Rs 50 lakh on the company on July 10.
GST Reforms Reactions: Sees Nearly Rs 50,000 Reduction On Car Costings, RC Bhargava Says
Maruti Suzuki India Chairman RC Bhargava said that there is likely to be nearly Rs 50,000 reduction in car costing. GST coupled with income tax relief will put more money into consumers' hand.
Maruti Suzuki India's 30% portfolio will face 40% GST. Electric vehicles are in a different category with 5% GST rate which is attractive, he said.
Maruti Suzuki India expects growth rate of small cars to be at 10% per years, he said.
GST Reform Reactions: Auto Dealers Most Likely To Not Meet Demand, MOFSL's Raamdeo Agarwal
Auto Dealers will most likely to not able to meet the demand, said Motilal Oswal Financial Services' Raamdeo Agarwal.
Inflation is well under the control. Banks have the major role to play in this GST reform. The action is about to start, he said.
Next 12 months is going to be very important for the markets.This reform is so big that market will take time to digest, he said.
Macquarie Sees Further Upside To A Stock With 146x P/E Multiple — Here's Why
Macquarie has initiated coverage on electronic manufacturing services player Kaynes Technologies Ltd with an 'outperform' rating and expects the company to register stellar growth in the years to come.
The brokerage firm has set a 12-month target price of Rs 7,700 on Kaynes Tech. The stock currently trades around Rs 6,780 levels. This implies an upside of 14% from current market price.
GST Reforms: How Much Cheaper Will Protein Powders And Multivitamins Get?
Union Minister of Commerce Piyush Goyal on Thursday has urged nutraceutical and pharmaceutical manufacturers to pass on entire Goods and Services Tax reform benefits to consumers.
"Please ensure every single rupee gained from GST reforms is passed on. Will lead to huge savings, it will be a demand booster," he said during the IPHEX 2025 International Exhibition on Pharma and Healthcare in Delhi.
GST Reform Reaction: Will Ensure GST Cut Benefits Passed To Consumers Says Godrej CFO
GST overhaul is a positive trigger for demand and and strong driver of volume growth. This move will ultimately contribute to overall economic momentum. "We are fully committed to ensuring that the GST rates reduction benefits are passed on to consumers", said Aasif Malbari, Chief Financial Officer, Godrej Consumer Products Ltd.
Track more such reaction from industry experts with NDTV Profit here.
Stock Market Today: Rolex Rings Board Approves Stock Split
Rolex Rings' board approved splitting stock into 10, the company said in the exchange filing.
Stock Market LIVE: Muthoot Finance Share Price Hits Record High
Muthoot Finance Ltd. share price rose 1.40% to a record high of Rs 2,822.70 apiece. The stock was trading 1.24% higher at Rs 2,818.6 apiece as of 12:26 p.m.
GST 2.0 A Landmark Event, Expect More Reforms: Madhusudhan Kela
Market veteran Madhusudhan Kela, Founder of MK Ventures, has said the GST reforms, announced by Finance Minister Nirmala Sitharaman, on Wednesday night, mark a landmark moment for the country and could go a long way in boosting consumption.
"This is a landmark move for the country and has a significant impact for boosting demand," said Kela in an exclusive interview to NDTV Profit. He also lauded the government's efforts to boost liquidity and consumption in the country.
Nifty 50| Sensex| Stock Market LIVE: Moschip Tech Share Hits Record High
Moschip Technologies Ltd. share price hit a record high in Thursday's session as India is planning the second version of its national semiconductor mission. The stock has been rallying for sessions in a row.
The Ministry of Electronics and Information Technology is framing the India Semiconductor Mission 2.0. The first version was launched in 2021.
GST For EVs Steady At 5%: Why Did GoM Propose A Rate Hike Of 18%?
The Goods and Services Tax (GST) Council on Wednesday has decided to keep the concessional 5% GST rate on electric vehicles (EVs) unchanged as opposed to speculations making round. The Council approved a two-tier rate structure of 5 and 18% which will be implemented from September 22.
Stock Market LIVE: Export Lobby Seeks Rupee At 103 Per Dollar To Offset US Tariffs
Indian exporters said they will lobby the central bank to allow them to temporarily convert proceeds from their US business at a rupee rate that’s 15% lower than current levels, to help cushion the blow from President Donald Trump’s punitive tariffs.
Exporters are seeking a rupee exchange rate of around 103 per dollar for US earnings, Pankaj Chadha, chairman of the Engineering Export Promotion Council of India, said in a phone interview. The rupee is currently trading close to Monday’s record low of 88.33 to the dollar.
GST Reforms To Make Two-Wheelers More Accessible, Says TVS Motor's Chairman Sudarshan Venu
GST reforms will make two-wheelers more accessible and help customers who were looking to upgrade, TVS Motor Chairman Sudarshan Venu said. For automobile industries it is a welcome move.
GST Reforms: Brokerages Forecast Good Times Ahead For FMCG Sector
Following the new GST rate announcement, brokerage firms have expressed optimism about the economy, anticipating a significant boost to consumption.
The consensus is that by lowering GST rates on a wide range of goods, the government is shifting focus from capex-led growth to economic stimulation via demand. The new rates are expected to put more disposal income in the hands of consumers, leading to increased spending and overall economic growth.
President Murmu’s New BMW Import Sparks GST Exemption Talk—Here's Why
In a development for India's highest office, the President of India will soon be travelling in a new BMW, replacing the long-serving Mercedes-Benz S600 Pullman Limousine.
The new vehicle is valued at approximately Rs 3.66 crore. The decision is part of a periodic upgrade of the presidential fleet. This usually includes a variety of luxury and custom-built vehicles to ensure the head of state's safety.
Stock Market LIVE: Apparel Stocks Trade Higher As GST Cuts Tax Rates To 5%: Trent, Arvind Fashion Lead Gains
Most apparel stocks were trading higher on Thursday led by Trent Ltd., and Arvind Fashion Ltd., after the Goods and Services Tax council approved lowering the GST rate on footwear and apparel priced up to Rs 2,500 to 5%.
The GST Council, chaired by Finance Minister Nirmala Sitharaman, announced on Wednesday a sweeping cut in tax rates on daily essentials at its 56th meeting. The government has been very proactive in tackling difficult situations like tariffs and take measures to spur growth.
If government continues the path of deregulation and ease of business this will lead to even higher growth. FPI Flows base is very high of almost $800 billion and a $5 billion sale by FPI investors should not concern us. If dollar weakens and tariff issue gets resolved, expect the flows to increase in India.
GST Reforms Reactions: It's Landmark Move, Madhusudhan Kela Says
GST Reforms are landmark move on government's part, Madhusudhan Kela said in an interview to NDTV Profit. This has a significant impact for boosting demand.
Government seem to be in a determined mood to do a lot more apart from GST Reduction like ease of business etc, he said.
Stock Market LIVE: Paisalo Digital Approves To Raise Rs 50 Crore
Paisalo Digital approved raising up to Rs 50 crore via non-convertible debentures, the company said in the exchange filing.
Stock Market LIVE: Explosion Occurs At Solar Industries' Nagpur Factory
Explosion incident occurred at Nagpur Factory. One person passed away and eight injured due to explosion, the company said in the exchange filing.
GST 2.0: Going For An IPL Match Just Got More Expensive For You
As part of the government's sweeping changes to Goods and Services tax rates, sporting events such as the Indian Premier League and Pro Kabaddi League is set to attract tax slab of 40%, up from 28% earlier.
This puts IPL in the highest GST slab, on par with sin goods including tobacco products like cigarettes, pan masala as well as casino, race clubs and other luxury events.
This means watching an IPL game at a stadium is set to get significantly more expensive for cricketing fans across the country.
GST Reforms Reaction: Life Insurance In General Not To Have 18% GST, PB Fintech Says
Life Insurance in general not have 18% GST, said PB Fintech Ltd.'s Yashish Dahiya. Term Insurance is a priority for the government. Health Insurance and Life Insurance is not a price sensitive product. There will be very good Q3 for the Industry. Life and Health Insurance policies are not very price sensitive
Nifty 50| Sensex| Stock Market LIVE: SpiceJet Share Price Erases Loss After Partnering With Gulf Air
SpiceJet Ltd. share price erased losses as the company partnered with Gulf Air to enhance global connectivity.
Nifty|Sensex| Stock Market LIVE: ACC, Ambuja Cement, UltraTech Shares Jump As GST Declines On Cement
ACC Ltd., Ambuja Cement Ltd., and UltraTech Cement Ltd. share prices jumped in Thursday's session as the Goods and Services Tax on cement fell to 18% from 28%. The latest rate revision was part of the GST reforms which will come into effect from Sept 22.
The benefit will likely reach consumers as companies are bound under the anti-profiteering rules. In long time, companies can hike prices. Dealers will likely keep lower inventory in near term.
In the GST Council has approved the proposal to bring down the rate structure to two slabs from four. Now, regular consumption items to most categories of consumption goods will attract 18% GST compared to 28% or above earlier.
Nifty| Sensex| Stock Market Today: ITI Gets Order Worth Rs 110 Crore
ITI Ltd. received oder worth Rs 110 crore from Guj Info Petro for two implementation projects, the company said in the exchange filing.
Stock Market LIVE: Eicher Motors Share Price Hits Record High Post GST Reforms
Eicher Motors Ltd. share price hit record high as GST reforms is expected to boost demand for automobiles. The stock price rose as much as 1.85% to a record high of Rs 6,713.
GST Reforms May Result In 8% GDP Growth, M&M Says
Mahindra & Mahindra Ltd. is estimating that the recently announced GST reforms may help India record 8% economic growth. GST revamp is a long-term move.
Mahindra & Mahindra is expecting growth in all segments of its portfolio. Tractor segment will gain around 7% growth. However, margin profile is not changing much as the automobile manufacturer is passing on the benefits to customers.
Stock Market Today: Why Nifty 50, Sensex Are Rallying? Thank GST Cuts And Domestic Inflows
Indian stock markets rallied on Thursday after the Good and Services Tax Council delivered what the markets and the public have long wanted — simpler GST structure and lower rates for consumer goods.
The Nifty 50 and BSE Sensex rose for the second day. Both benchmarks jumped as much as 1.1% during early trade.
Despite the upbeat sentiment, the Nifty faced resistance at the 25,000 level as the most it could reach intraday was 24,980. On the downside, the support is placed at 24,650.
Mahindra & Mahindra Ltd., HDFC Bank Ltd. and ICICI Bank Ltd. were the top points contributor to the Nifty.
GST Reforms Reactions: GST Reforms To Cost 'Only' Rs 18,000 Crore For Central Government: Bernstein
The sweeping changes to GST rates will only lead to a Rs 18,000 crore fiscal burden for the centre, as per Bernstein's analysis.
This number amounts to only 0.05% of India's FY26 GDP value.
On Sept 3, the government announced significantly reduced GST rates on a wide array of goods, which will be applicable from September 22.
Nifty 50| Sensex| Stock Market Today: Auto Stocks Zoom On GST Rate Cuts: Escorts Kubota, M&M, Eicher Motors Lead Pack
Most auto stocks rallied on Sept.4, led by Escorts Kubota Ltd., Mahindra And Mahindra Ltd. and Eicher Motors Ltd., after the Goods and Services Tax Council, chaired by Finance Minister Nirmala Sitharaman on Wednesday declared a new tax scheme.
As per the new GST reform, the rate on petrol and petrol hybrid, liquified petroleum gas, and compressed natural gas cars (not exceeding 1,200 cc and 4,000mm) will be reduced from 28% to 18% at its 56th meeting. All rates will go into effect on Sept. 22, the first day of Navratri.
Nifty Top Gainers: M&M, Bajaj Finance And Trent Lead Gains
Mahindra & Mahindra Ltd., Bajaj Finance Ltd., Trent Ltd., Eicher Motors Ltd., and Nestle India Ltd. are top gainers in the NSE Nifty 50 index.
Oil and Natural Gas Corp, Tata Consumer Products Ltd., Eternal Ltd., Tata Steel Ltd., and IndusInd Bank Ltd. were top losers.
GST Reforms Reaction: Blue Star Expects Demand Recovery For Air Conditions
Blue Star Ltd. expects demand for air conditions to recover in terms of value and volume. It has been a top-selling category. Room air condition is the biggest part of the Indian markets.
the inventory is required to be build carefully. Industry is not expecting that GST on inventory will come down to 18%.
Nifty 50|Sensex| Stock Market Today: Consumer Durables Rally On GST Rate Cuts: PG Electroplast, Amber Ent Lead Gains
The Indian consumer durables sector sectors see a surge stock prices after the government's GST rate cut on key products. The GST Council has slashed the tax on air-conditioning machines, dishwashers, and all televisions, including those above 32 inches, from 28% to 18%.
UBS, for instance, has a direct positive view on the GST changes, noting that the increased affordability will directly benefit companies like Voltas and Havells. Similarly, Macquarie has taken a bullish stance on the sector, initiating an 'outperform' rating on several companies including Kaynes, Avalon, Syrma SGS, Dixon, and Amber, while maintaining a 'neutral' rating on Cyient DLM.
Stock Market LIVE: Nifty FMCG Hits Seven-Month High Post GST Reforms; Britannia And Colgate Palmolive Top Gainers
The NSE Nifty FMCG index rose 2.66% to 66,305.20, the highest level since Feb 1. The index rose as GST reforms reducing indirect taxes on regular consumer goods, which will increase demands for these items.
Stock Market LIVE: Spend Or Save? GST Reform Benefits To Hinge On Household Confidence
The positive impact of reduction in Goods and Services Tax announced by the government on the Indian economy will be guided by household confidence and which way the consumer leans in the 'save versus spend' pole, experts said.
"When there are GST cuts, the implicit assumption is that money in the hands of the households has more multiplier effect (on the economy) than government spending," Samiran Chakraborty, chief economist - India at Citibank, told NDTV Profit.
Sensex| Nifty 50|Stock Market LIVE: Nifty Auto Rises To Near One-Year High; M&M, Eicher Motors Top Leaders
The NSE Nifty Auto rose 1.08% to 26,729.65, the highest level since Oct 10, 2024. Mahindra & Mahindra Ltd., Eicher Motors Ltd., and TVS Motor Co., and Tata Motors were top leaders in the index.
Sectoral Performance At Open: Nifty Auto And Nifty FMCG Outperform
On National Stock Exchange, 11 sectoral indices advance, two declined, and two remained flat out of 15.
Nifty Contributors: M&M, Bajaj Finance And ICICI Bank Support Gains
Mahindra & Mahindra Ltd., Bajaj Finance Ltd., ICICI Bank Ltd., ITC Ltd., and HDFC Bank Ltd. added to the NSE Nifty 50 index.
Reliance Industries Ltd., NTPC Ltd., Eternal Ltd., Oil and Natural Gas Corp, and Hindalco Industries Ltd. weighed on the NSE Nifty 50 index.
Market Experts' View: GST Reforms To Boost Growth; Nifty Projecting Bullish Trend In Charts
"On the daily chart, it has formed a bullish candle, and on the intraday chart, it is maintaining an uptrend continuation pattern, which is largely positive."Shrikant Chouhan, Head Equity Research, Kotak Securities
GST Reforms are aimed at boosting domestic consumption and offsetting the economic impact of U.S. tariffs. Sectors like FMCG, automobiles, and insurance will be in focus today, with FMCG stocks already rallying for four consecutive sessions.Hariprasad K, Research Analyst and Founder, Livelong Wealth
Nifty 50|Sensex| Stock Market LIVE: Nifty, Sensex Rises Sharply As GST Reforms Boost Demand-Recovery Hope
The NSE Nifty 50 and BSE Sensex rose sharply on Thursday as the GST Council passed the rate rationalisation proposal, which will boost demand in the economy. The indices were trading 0.69% and 0.68% higher as of 9:22 a.m.
Yield On 10-Year Bond Opens Flat
The yield on the 10-year bond opened flat at 6.53%
Source: Bloomberg
Stock Market LIVE: Rupee Opens Flat Against US Dollar
Rupee opened flat at 88.08 against US dollar
Source: Bloomberg
Asia Market LIVE: CSI 300 Falls Over 1% As Regulator Considers Cooling Measures
Mainland China's benchmark stock gauge, the CSI 300 declined over 1% as the regulator mulled cooling measures. The regulators has proposed measures given the rally on stock markets since August.
The CSI 300 was trading 2.42% down at 4,351.61 as of 8:54 a.m.
Gold Prices Hit New High As Weak Job Data Fuels US Fed Rate-Cut Bet
Gold prices hit a new high early Thursday after weak US jobless data increased bets for a rate cut by the US Federal Reserve. The data from the US showed that job openings fell to a 10-month low.
However, it erased gains after hitting fresh high. Gold future was trading 1.30% down at $3,587.07 an ounce as of 8:36 a.m.
GST Reforms: Experts Bet On Household Confidence—'Spend Versus Save' For Positive Impact
The positive impact of reduction in Goods and Services Tax announced by the government on the Indian economy will be guided by household confidence and which way the consumer leans in the 'save versus spend' pole, experts said.
"When there are GST cuts, the implicit assumption is that money in the hands of the households has more multiplier effect (on the economy) than government spending," Samiran Chakraborty, chief economist - India at Citibank, told NDTV Profit.
LIVE: Market Likely To Open Higher; FMCG, Auto, Cement Stocks In Focus On GST Reforms
The GIFT Nifty was trading 0.21% or 51 points higher at 24,886.50 as of 6:34 a.m. This suggested the NSE Nifty 50 may open higher from Wednesday's close.
GST Council has approved the two-slab rate structure in the meeting on Wednesday — 5% on essential items and 18% for most other items. This move is expected to bring down prices of common consumer products, which will increase demand in the economy.
Hindustan Unilever Ltd., Swiggy Ltd., Eternal Ltd., Voltas Ltd., Bharat Heavy Electricals Ltd., and RailTel Corp Ltd. shares will be in focus.
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