• By Shreyansh Mangla
  • Thu, 04 Sep 2025 09:40 AM (IST)
  • Source:JND
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Stock Market On GST Reform: The trade stocks today started on an optimistic note hours after historic GST reform, which gave a big relief to industrialists as well as common men, with 1986 stocks in the Nifty pack trading in green. While 350 stocks were trading in the red. There are fifty-eight stocks remaining unchanged.

Amidst the government's GST rate rationalisation, both the Sensex and Nifty showed positive signs, surging in the opening session. This policy action led the BSE 30 Sensex index to rise by 888.96 points, starting the session at 81,456.67.

The Nifty 50 gained 265.7 points to open at 24,980.75. By the close of the day, the Sensex had settled at 80,567.71 and the Nifty 50 at 24,715.05.

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Broader market indices also traded in the green, with the BSE Midcap index rising by 374.97 points, or 0.82%, in early trading. The BSE Smallcap index added 463.62 points, a gain of 0.87%, to trade at 53,488.22 points.

In early trade, 1,986 stocks were advancing while 350 were in decline, with 58 stocks remaining unchanged.

From the Sensex list, M&M, Bajaj Finance, Tata Motors, Bajaj Finserv, and UltraTech Cement were among the gainers, while IndusInd Bank, HCL Technologies, Wipro, and Divi's Laboratories were major losers.

M&M led the pack, surging over 1 per cent in early trade, while NTPC lost 0.94 per cent in the opening session.

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In the Nifty pack, 1,986 stocks traded in the green in early trade, while 350 were in the red, and 58 stocks remained unchanged. A breakout above 24,750 or 80,700 could push the market toward 24,850 to 25,000 and 81,000 to 81,500. Conversely, 24,600/80,200 and 24,500/80,000 would serve as key support levels for traders. A sustained decline below 24,500/80,000 could halt the market's upward momentum.

Gift Nifty served as an early indicator for the Nifty 50, signaling a positive start by opening with a gain of 87.5 points at 24,899.50, compared to its previous close of 24,812.

Meanwhile, Foreign Institutional Investors (FIIs) have been offloading their shares worth Rs 1,666 crore, since September 1. In contrast, domestic institutional investors (DIIs) purchased equities worth Rs 2,495 crore.