Top indices at the close
| Index (Closing level) | Daily change | Notes |
|---|---|---|
| Nifty 50 – 24,741 | +0.03 % | Quiet session; early gains wiped out by selling in IT and consumer stocks. |
| Sensex – 80,710.76 | –0.01 % | Struggled to hold above 81,000; ended nearly flat. |
| Nifty Midcap 100 | +0.15 % | Mid‑cap stocks outperformed, reflecting retail investor interest. |
| Nifty Smallcap 100 | +0.15 % | Continued strength in small‑caps despite volatility. |
| India VIX | ~11.7 | Volatility index remained subdued, indicating low near‑term fear. |
Sectoral performance
| Sector index | Move on 5 Sep | Comments |
|---|---|---|
| Nifty Auto | +1.23 % (26,314) | Best‑performing sector; auto stocks rallied on GST cuts to 18 % for small cars, bikes and buses. |
| Nifty Metal / Media | Up to +0.70 % | Metals extended gains on optimism that China will reduce steel capacity; media stocks benefitted from improved advertising sentiment. |
| Nifty Pharma / Healthcare | Slight gains | Defensive buying supported these segments. |
| Nifty IT | –1.49 % | Worst performer; fears that the U.S. may levy tariffs on Indian IT services triggered selling in large‑cap tech names. |
| Nifty FMCG | –1.45 % | Profit‑taking after the week’s rally; speculation of a new levy on tobacco products weighed on ITC and peers. |
| Nifty Realty | –1.45 % | Cooled after a strong run; higher interest‐rate expectations damped mood. |
Notable gainers and losers
| Stock | Daily move | Reason |
|---|---|---|
| Netweb Technologies | ↑ 20 % | Announced a ₹1,734 crore order to supply servers built on Nvidia’s new Blackwell architecture, driving heavy buying; weekly gain ~40 %. |
| Brainbees Solutions (FirstCry) | ↑ 13.5 % | High volumes and optimism about e‑commerce in the festive season. |
| Gujarat Mineral Development Corp. (GMDC) | ↑ 11.6 % | Investors bet on government plans to push rare‑earth mining and new mining ventures. |
| PVR Inox | ↑ ~4 % | Strong box‑office collections boosted sentiment; stock has gained for three sessions in a row. |
| Century Textiles | ↑ 1.5 % | Issued a corporate guarantee for Hindalco’s ₹400 crore land parcel acquisition, signalling strategic expansion. |
| Interglobe Aviation (IndiGo) | ↑ ≈1 % | Jefferies reiterated a ‘buy’ rating and raised the target price to ₹5,225, citing strong growth levers. |
| ITC, Hindustan Unilever, TCS, Infosys, HCL Tech | ↓ 1 – 2 % | FMCG giants corrected on profit‑booking; tech majors fell on tariff worries in the U.S.; rumours of new tobacco levies hurt ITC. |
| HDFC Bank / NTPC / Titan | ↓ ≈1 % | Banking and utilities stocks drifted lower amid broad‑based consolidation. |
What moved the market
- Profit booking after a rally: The market had surged earlier in the week on hopes of consumption‑boosting GST reforms. Investors booked profits in consumer goods and high‑beta IT stocks, keeping headline indices flat despite robust auto gains.
- GST reform priced in: On 4 September the GST Council rationalized slabs to 5 % and 18 % (effective 22 September) and cut taxes on small cars, motorcycles and buses. These measures were largely anticipated, limiting the upside.
- US tariff speculation: Reports that the U.S. administration might consider tariffs on Indian IT services led to a 1.5 % drop in the Nifty IT index and triggered a record low in the rupee.
- Weakness in consumer names: Rumours that the government may impose a new levy on tobacco once the GST compensation cess expires weighed on ITC and FMCG peers.
- Strength in autos and metals: Autos rallied on GST cuts and strong festival‑season expectations. Metal stocks gained on news that China would reduce steel capacity, supporting global prices.
Global cues
- Asia: Most Asian markets closed modestly higher. Australia’s S&P/ASX 200 and South Korea’s KOSPI gained, while Japan’s Nikkei 225 weakened slightly. Chinese markets remained mixed amid policy support for infrastructure.
- United States: Traders looked ahead to the U.S. non‑farm payrolls report and Federal Reserve meeting (17 September). Weak U.S. ISM manufacturing data raised the odds of a 25‑bp Fed rate cut. U.S. equities were steady, but technology stocks showed fatigue.
- Europe: Eurozone indices traded cautiously ahead of inflation data and energy price uncertainties.
- Currencies and commodities: The rupee hit a record low amid speculative flows and trade worries, though RBI intervention prevented deeper losses. Brent crude hovered around $88/bbl, and gold prices stayed firm on safe‑haven demand.
Stocks to watch
- Netweb Technologies – follow‑through buying possible after securing a big server order; valuations remain stretched but momentum is strong.
- Brainbees Solutions (FirstCry) – heavy volume suggests accumulation; the e‑commerce play could stay active into the festive season.
- GMDC, Hindustan Copper, Ashok Leyland – beneficiaries of the government’s thrust on rare‑earth mining and improved auto demand.
- Mahindra & Mahindra, Tata Motors, Eicher Motors – auto names that rallied sharply on GST cuts; watch for sustained momentum.
- ITC, TCS, Infosys – tech/FMCG heavyweights may see further selling if U.S. tariff noise or levy worries persist.
- Interglobe Aviation, PVR Inox, Century Textiles – positive brokerage notes and corporate actions could keep these stocks in focus.
- Pharma and healthcare names – defensive segments may attract buying if volatility rises.
Corporate and macro updates
- GST reforms: The two‑slab GST structure of 5 % and 18 %, effective 22 September, will reduce rates on consumer durables, autos and footwear. The decision has provided visibility on consumption demand ahead of the festive season.
- Mahindra & Mahindra: The stock notched its best week in 15 months (+11.3 %) amid expectations of improved margins and strong rural demand.
- Netweb Technologies: Secured a large server order worth ₹1,734 crore; underscores growing demand for AI‑oriented hardware.
- Jefferies on IndiGo: Brokerage maintained a “buy” rating and raised its target price citing fleet expansion and robust air‑traffic growth.
- Century Textiles: Issued a ₹400 crore corporate guarantee to support Hindalco’s land acquisition, signalling collaboration within the Aditya Birla group.
- Economic calendar: Investors are now focused on the upcoming U.S. Fed meeting and domestic inflation data. Geopolitical risks (trade disputes, Middle‑East tensions) remain potential headwinds.
Technical view and outlook for 6 September 2025
- Nifty 50 – momentum indicators are in neutral territory after the index bounced sharply earlier in the week. Immediate support is seen at 24,600 (last week’s gap area). A break could see the index test 24,500. Resistance lies near 24,850–24,900, followed by the psychological 25,000 level. A move above 24,850 would encourage bulls, while sustained trading below 24,600 could invite further profit‑taking.
- Bank Nifty – closed around 54,500 (approx.), facing resistance at 55,000. Support is at 54,200; below that, 53,800 is the next base.
- Sensex – key support at 80,500; upside resistance near 81,200.
- Market tone – with large gains already booked earlier this week, the market may remain range‑bound to mildly negative ahead of key U.S. macro data. Consolidation is likely as traders digest GST reforms and await clarity on global trade. Stock‑specific action will continue, especially in autos, metals and mid‑caps. A supportive monsoon, low inflation and GST cuts provide an underlying bullish backdrop, but near‑term volatility may rise due to currency weakness and geopolitical uncertainties.
Bottom line: The Indian market finished Friday’s session largely flat but held on to weekly gains. Autos and metals continued to shine, while IT and FMCG names faced headwinds. Investors should watch global cues and domestic macro triggers; tomorrow’s session is expected to open cautiously, with a bias toward consolidation unless fresh triggers emerge.
