The Indian stock market closed with modest gains on Thursday, September 4, 2025, as the Sensex and Nifty 50 managed to hold in positive territory while midcap and smallcap indices faced strong selling pressure. Concerns over US tariffs, foreign institutional investor (FII) outflows, and profit booking outweighed the initial optimism around GST 2.0 reforms.
Key Market Summary
- Sensex today: Ended 150 points higher at 80,718, up 0.19%.
- Nifty 50 today: Settled at 24,734.30, up 19 points or 0.08%.
- BSE Midcap & Smallcap indices: Both declined 0.60%.
- Market sentiment: Positive opening fizzled out due to tariff worries and foreign outflows.
Why Did Stock Market End Flat Today?
Despite the big announcement of GST rationalisation reforms, the market reaction was muted. Experts pointed out that the benefits of GST cuts will only be visible in earnings from Q3 FY26 onwards.
- Profit booking was seen across most sectors.
- US tariff threats weighed heavily on market sentiment.
- FIIs continued their sell-on-rise strategy, putting pressure on Indian equities.
“The GST 2.0 reforms strengthen the case for a consumption-led recovery, but persistent global headwinds like FII outflows and US tariff issues kept markets cautious,” said Ajit Mishra, SVP-Research, Religare Broking.
Top Gainers in Nifty 50 Today
Despite the weak overall trend, a few stocks stood out with strong gains:
- Mahindra & Mahindra (M&M): Up 5.90%
- Bajaj Finance: Up 4.10%
- Apollo Hospitals: Up 2%
These companies benefitted from sector-specific optimism, particularly in auto and finance which are expected to gain from GST reforms.
Top Losers in Nifty 50
On the other hand, several large-cap stocks came under selling pressure:
- HDFC Life Insurance: Down 2.82%
- Tata Consumer Products: Down 2.75%
- IndusInd Bank: Down 1.71%
Sectoral Indices Performance
The sectoral indices on NSE showed a mixed trend:
- Top losers:
- Nifty PSU Bank: -1.11%
- Oil & Gas: -0.96%
- IT: -0.94%
- Realty: -0.78%
- Metal: -0.62%
- Top performers:
- Financial Services: +0.47%
- Auto: +0.85%
- Nifty Bank: Flat
Clearly, auto stocks outperformed, while IT, metals, and PSU banks dragged the market down.
Most Active Stocks by Volume
Investor activity was strong in a few high-volume counters:
- Vodafone Idea: 79.52 crore shares traded
- Ola Electric Mobility: 74.72 crore shares traded
- YES Bank: 10 crore shares traded
These most active stocks reflected retail and institutional participation despite overall weakness.
Nine Stocks Jump Over 15% on BSE
In the broader market, several stocks delivered double-digit gains:
- Gretex Corporate Services
- Cropster Agro
- Karnavati Finance
- Ekennis Software Service
- Atul Auto
Such rallies show strong stock-specific momentum in select mid- and small-cap counters.
Advance-Decline Ratio
The BSE market breadth remained negative:
- Advances: 1,809
- Declines: 2,325
- Unchanged: 146
This indicates that declining stocks outnumbered gainers, reflecting weak market sentiment outside benchmark indices.
141 Stocks Hit 52-Week Highs
Despite cautious sentiment, a large number of stocks touched new 52-week highs on BSE:
- Maruti Suzuki India
- TVS Motor Company
- UltraTech Cement
- Mahindra & Mahindra
- Eicher Motors
- Marico
- Cummins India
This indicates strong stock-specific buying in large-cap and consumer-focused companies.
50 Stocks Hit 52-Week Lows
At the same time, 50 stocks slipped to 52-week lows, showing polarisation in the market. Some of the key names include:
- Imagicaaworld Entertainment
- GSS Infotech
- Gem Aromatics
Nifty 50 Technical Outlook
According to market experts, the Nifty 50 technical chart indicates near-term caution.
- The index closed just below the 21-day EMA, signaling weakness.
- Upside level: A close above 24,750 could push Nifty towards 25,000.
- Downside risk: Failure to hold 24,750 may lead to renewed selling pressure.
“A decisive breakout above 25,000 could trigger a fresh rally, but until then, consolidation and volatility may persist,” said Rupak De, Senior Technical Analyst, LKP Securities.
Conclusion: What Should Investors Do?
The Indian stock market today ended with Sensex and Nifty 50 showing slim gains, but the weakness in midcaps and smallcaps highlighted caution among investors.
Key takeaways for investors:
- Watch for global cues like US tariffs and FII flows.
- Auto and FMCG sectors may outperform due to GST reforms.
- Stay selective and focus on fundamentally strong stocks.
- Short-term volatility may persist until Nifty breaks out above 25,000 levels.
The broader outlook remains volatile but selective opportunities exist in auto, finance, and consumption-driven sectors.
