Stock Market Today: Sensex, Nifty 50 Close With Modest Gains; Midcaps and Smallcaps Lag - Top 10 Highlights
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The Indian stock market ended Thursday, September 4, on a mixed note. While the Sensex and Nifty 50 managed modest gains, mid- and small-cap stocks faced heavy selling pressure. Optimism around mega GST reforms quickly faded, as concerns over US tariffs and continued foreign capital outflows weighed on sentiment.
The Sensex closed 150 points, or 0.19%, higher at 80,718, while the Nifty 50 inched up 19 points, or 0.08%, to settle at 24,734.30. In contrast, the BSE Midcap and Smallcap indices slipped 0.60% each.
Overall market wealth also took a hit, with the total market capitalisation of BSE-listed companies declining to ₹451.5 lakh crore from ₹452.8 lakh crore in the previous session - eroding over ₹1 lakh crore in investor wealth in just one day.
For now, concerns over persisting US tariffs and continuous foreign institutional investor (FII) outflows dominate market sentiment, driving a ‘sell-on-rise’ trend.
"The GST 2.0 reforms strengthen the case for a consumption-led recovery, with auto and consumer staples expected to benefit the most. That said, the broader outlook stays vulnerable to global macro uncertainties, continued FII outflows, and persistent US tariff headwinds," said Ajit Mishra, SVP-Research, Religare Broking Ltd.
He further added,"In the near term, consolidation in the benchmark index cannot be ruled out. Hence, we recommend maintaining selective exposure to structurally strong themes while keeping a close eye on the risk-reward equation,"
On the positive side, Nifty Bank closed flat, the Financial Services index gained 0.47%, and the Auto index outperformed with a strong 0.85% rise.
Nine BSE-listed stocks surged more than 15% during the session. Top performers included Gretex Corporate Services, Cropster Agro, Karnavati Finance, Ekennis Software Service, and Atul Auto.
"A decisive move above 24,750 could provide the strength needed for the Nifty to move towards 25,000. A sustained move above 25,000 could trigger a further rally. On the other hand, failure to close above 24,750 within the next two to three days may lead to renewed selling pressure on the index,"De said.
Disclaimer: This article is intended for informational and educational purposes only. The opinions and recommendations expressed are those of individual analysts or brokerage firms and do not reflect the views of NewsPoint. Investors are advised to consult certified financial advisors before making any investment decisions.
The Sensex closed 150 points, or 0.19%, higher at 80,718, while the Nifty 50 inched up 19 points, or 0.08%, to settle at 24,734.30. In contrast, the BSE Midcap and Smallcap indices slipped 0.60% each.
Overall market wealth also took a hit, with the total market capitalisation of BSE-listed companies declining to ₹451.5 lakh crore from ₹452.8 lakh crore in the previous session - eroding over ₹1 lakh crore in investor wealth in just one day.
Indian Stock Market: 10 Key Highlights of the Day
1. Why did the market end on a lacklustre note?
Despite optimism around GST reforms, the Indian stock market closed on a muted note. Analysts believe the reforms are a long-term positive but won’t immediately boost earnings. The impact of GST cuts is likely to reflect only after the third quarter of FY25.For now, concerns over persisting US tariffs and continuous foreign institutional investor (FII) outflows dominate market sentiment, driving a ‘sell-on-rise’ trend.
"The GST 2.0 reforms strengthen the case for a consumption-led recovery, with auto and consumer staples expected to benefit the most. That said, the broader outlook stays vulnerable to global macro uncertainties, continued FII outflows, and persistent US tariff headwinds," said Ajit Mishra, SVP-Research, Religare Broking Ltd.
He further added,"In the near term, consolidation in the benchmark index cannot be ruled out. Hence, we recommend maintaining selective exposure to structurally strong themes while keeping a close eye on the risk-reward equation,"
2. Top Nifty 50 Gainers
Mahindra & Mahindra led the rally with a surge of 5.90%, followed by Bajaj Finance, which climbed 4.10%. Apollo Hospitals also added momentum, advancing nearly 2% to emerge among the day’s top performers.3. Top Nifty 50 Losers
Selling pressure dragged down 31 stocks on the Nifty 50. HDFC Life Insurance led the decline with a 2.82% drop, followed by Tata Consumer Products, down 2.75%, and IndusInd Bank, which slipped 1.71%.4. Sectoral Indices
Most sectoral indices ended lower amid profit booking. Nifty PSU Bank fell 1.11%, Oil & Gas lost 0.96%, IT declined 0.94%, Realty slipped 0.78%, and Metal was down 0.62%.On the positive side, Nifty Bank closed flat, the Financial Services index gained 0.47%, and the Auto index outperformed with a strong 0.85% rise.
5. Most Active Stocks by Volume
On the NSE, Vodafone Idea led trading activity with 79.52 crore shares, followed closely by Ola Electric Mobility at 74.72 crore shares. YES Bank also saw heavy turnover, with 10 crore shares changing hands.
6. Stocks Gaining Over 15% on BSE
Nine BSE-listed stocks surged more than 15% during the session. Top performers included Gretex Corporate Services, Cropster Agro, Karnavati Finance, Ekennis Software Service, and Atul Auto. 7. Advance-Decline Ratio
Of the 4,280 stocks traded on the BSE, 1,809 advanced, 2,325 declined, and 146 remained unchanged, reflecting a broader market tilt toward selling pressure.8. 52-Week Highs
A total of 141 stocks touched their 52-week highs on the BSE during intraday trading. Notable gainers included Maruti Suzuki India, TVS Motor Company, UltraTech Cement, Mahindra & Mahindra, Eicher Motors, Marico, and Cummins India.9. 52-Week Lows
On the BSE, 50 stocks hit their 52-week lows during the session. Key decliners included Imagicaaworld Entertainment, GSS Infotech, and Gem Aromatics.10. Nifty 50 Technical Outlook
Rupak De, Senior Technical Analyst at LKP Securities, noted that the Nifty 50 closed just below its 21-day EMA, signaling continued weakness, though a potential trend reversal may be near."A decisive move above 24,750 could provide the strength needed for the Nifty to move towards 25,000. A sustained move above 25,000 could trigger a further rally. On the other hand, failure to close above 24,750 within the next two to three days may lead to renewed selling pressure on the index,"De said.
Disclaimer: This article is intended for informational and educational purposes only. The opinions and recommendations expressed are those of individual analysts or brokerage firms and do not reflect the views of NewsPoint. Investors are advised to consult certified financial advisors before making any investment decisions.
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