Sensex, Nifty close marginally higher as profit-taking in RIL, Infosys spoils GST rate cut party
GST
Dated:- 4-9-2025
PTI
Mumbai, Sep 4 (PTI) Benchmark stock indices Sensex and Nifty pared most of the early gains to settle marginally higher on Thursday as profit taking in index heavyweight Reliance Industries and Infosys took away the sheen of the GST rate cuts announced on commonly used personal items and daily essential products.
Shedding 738 points from the day's high, the 30-share Sensex finally settled 150.30 points or 0.19 per cent higher at 80,718.01. As many as 19 of its shares closed in red while 11 settled higher.
The barometer jumped 888.96 points or 1.10 per cent to a high of 81,456.67 in the opening trade as the
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i/paratha to hair oil, ice creams and TVs will cost less, while tax incidence on personal health and life insurance will be brought down to nil after the all-powerful GST Council on Wednesday approved a complete overhaul of the tangled Goods and Services Tax (GST) regime.
The GST Council approved limiting slabs to 5 per cent and 18 per cent, effective from September 22, the first day of Navaratri.
Among the Sensex firms, Mahindra & Mahindra jumped the most by 5.96 per cent. Bajaj Finance, Bajaj Finserv, Trent, ITC and HDFC Bank were also among the gainers.
However, Maruti Suzuki India, Bharat Electronics, HCL Tech, NTPC, Power Grid, Infosys and Reliance Industries were among the laggards.
“Nifty opened on a strong note with a gap-up
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ent, FMCG (0.31 per cent), consumer discretionary (0.24 per cent) and financial services (0.15 per cent).
Utilities dropped 1.24 per cent, power (1.05 per cent), oil & gas (1.05 per cent), BSE Focused IT (0.93 per cent), IT (0.86 per cent), realty (0.79 per cent) and teck (0.70 per cent).
As many as 2,325 stocks declined while 1,807 advanced and 148 remained unchanged on the BSE.
“The broader outlook stays vulnerable to global macro uncertainties, continued FII outflows, and persistent U.S. tariff headwinds,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
In Asian markets, South Korea's Kospi and Japan's Nikkei 225 index settled in positive territory while Shanghai's SSE Composite index and Hong Kong's Hang Seng ended lowe
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