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Indian benchmark indices started the week on a positive note; Key points for investors
Sensex Today
Sensex Today: India’s benchmark indices snapped a three-day losing streak on Monday, lifted by strong gains in information technology stocks and better-than-expected Q1FY26 GDP growth.
As of 12 PM, the BSE Sensex was up 300.94 points, or 0.38 per cent, at 80,110.59, while the NSE Nifty50 advanced 111.75 points, or 0.45 per cent, to 24,538.35.
Sectoral Performance
The Nifty Auto index led the rally, rising 1.7 per cent, followed by gains in the Nifty IT and Consumer Durables indices. On the downside, the Nifty FMCG and Media indices traded marginally lower.
In the broader market, the Nifty MidCap index gained 1.4 per cent, while the Nifty SmallCap index rose 1 per cent, signaling strong participation beyond large caps.
Top Movers
On the Sensex, M&M, Trent, Asian Paints, Infosys, and Tech Mahindra were the top gainers. On the flip side, Sun Pharma, ITC, HDFC Bank, Reliance Industries, and Kotak Mahindra Bank were among the biggest drags.
Economic Indicators
Adding to positive sentiment, India’s manufacturing growth touched a 17-year high in August. The HSBC India Manufacturing PMI rose to 59.3 in August from 59.1 in July, according to S&P Global data.
Global & Domestic Triggers Ahead
Investors are also keeping an eye on developments in India-US trade relations. The US Court of Appeals for the Federal Circuit ruled that former President Donald Trump had overstepped his authority in imposing sweeping tariffs under his April 2 “liberation day” declaration. However, the court left the levies in place, keeping trade uncertainty alive.
Back home, markets will track August auto sales numbers and the HSBC Manufacturing PMI final data for August, both due later today, September 1, 2025.
Gold, Silver Scale Record Highs on MCX Amid Tariff Uncertainty
Gold prices surged to fresh record highs on the Multi-Commodity Exchange (MCX) on Monday, with futures touching Rs 1,04,900 per 10 grams, up 1 per cent.
Silver also climbed to an all-time high, rising 2 per cent to Rs 1,24,141 per kg.
Global Cues
Across Asia, markets opened largely lower on Monday after a US federal appeals court ruled that President Donald Trump’s “reciprocal tariffs” were illegal, saying he had overstepped his authority by imposing sweeping levies on nearly all major trading partners under his April 2 “liberation day” declaration. Japan’s Nikkei 225 fell 0.92 per cent, South Korea’s Kospi dropped 0.85 per cent, and Australia’s S&P/ASX 200 slipped 0.17 per cent. In contrast, China’s Shanghai Composite gained 0.20 per cent.
On Wall Street, major indices closed in the red on Friday, August 29, as investors digested fresh inflation data showing tariffs feeding into consumer prices. The S&P 500 fell 0.64 per cent, the tech-heavy Nasdaq Composite lost 1.15 per cent, and the Dow Jones Industrial Average slipped 0.20 per cent.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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