Nifty 50 slipped 45.50 points (−0.18%) to close at 24,579.60. Bank Nifty fell 341.45 points (−0.63%) to end at 53,661.00. Sensex declined 206.61 points (−0.26%) to settle at 80,157.88.
Despite a strong start, the market reversed, with Nifty slipping below 24,600 and giving up nearly 200 points from intraday highs. Midcap stocks showed resilience, managing to end in the green, and the market breadth remained positive with a healthy advance-decline ratio of 2:1. Power Grid, NTPC top gainers on BSE Sensex; Kotak Mahindra, ICICI Bank top drags.
- US Markets – Dow Futures are currently trading at 45,374, decreasing 170.90 points (0.38%).
- European Markets
- FTSE declined 40.5 points (-0.44%) to 9,155.80, posting a modest pullback.
- CAC edged lower by 3.3 points (-0.04%) to 7,704.60, closing nearly flat.
- DAX plunged 276.6 points (-1.15%) to 23,760.70, marking the steepest European drop.
Global events/updates
China’s EV market showed signs of recovery in August, with demand rebounding after a summer slowdown driven by intense price competition. BYD reported deliveries of 371,501 vehicles during the month, marking a 22% year-on-year increase.
Even if the U.S. The Supreme Court agrees with a federal court that most of Donald Trump’s tariffs are illegal, the tariffs may still stay in place. U.S. Treasury Secretary Scott Bessent said there are other legal options, like the Smoot-Hawley Tariff Act, that could be used to keep them. Since U.S. markets were shut for Labor Day, they haven’t yet reacted to his comments or the court ruling.
The Shanghai Cooperation Organization (SCO) summit in Tianjin highlighted Beijing’s push for a new global order amid U.S. tariff tensions. Key takeaways included: a thaw in India-China ties as Modi and Xi pledged cooperation despite border disputes. Xi-Putin-Modi shows unity signaling alternatives to U.S. influence.
Commitments to joint AI development and regulation, and plans for an SCO development bank to reduce reliance on the U.S. dollar, with China pledging fresh financial support to member states.
Stock news
Indian shrimp exporters expect a temporary boost as U.S. holiday demand rises, providing relief from weak prices and tariff worries, executives said. Companies like Avanti Feeds and Apex Frozen Foods noted that the immediate impact of the 50% tariffs may be limited, with buyers showing interest and, in some cases, willing to absorb the full tariff cost.
Dee Development Engineers Limited: Received a Letter of Intent from an Indian PSU in Power Sector for the supply of approximately 1900 MT of Critical Piping for two important Power Projects. The value of various Orders in the LOI is approximately Rs. 170 Crores.
Krystal Integrated Services Ltd: The company has secured an order worth Rs 370 Crore from the Commissionerate of Social Welfare, Pune, for providing Mechanized Housekeeping Services and Outsourced Manpower Services for a period of 5 years.
PTC Industries Limited: The company’s subsidiary, Aerolloy Technologies Limited, announced the successful installation and commissioning of its advanced Vacuum Induction Melting (VIM) furnace and advanced manufacturing facilities for superalloys.
Ganesh Infraworld Limited: The company has successfully forayed its EPC business into the mining operations segment by securing a landmark order worth Rs. 708 crores for the O&M of heavy mining equipment in Madhya Pradesh.
Mukka Proteins Limited: Acquired a 51% stake in FABBCO Bio Cycle and Bio Protein Technology Private Limited (FABBCO) through SHA and SPA, subscribing to 2,436 shares and acquiring 2,422 shares at a premium.
An Indian panel has proposed raising the EV tax rate from 5% to 18% for cars priced between ₹20–40 lakh. This could negatively impact Mahindra and Tata, two leading players in the Indian EV market.
Influx Healthtech Ltd: Announced the installation of a new high-speed capsule manufacturing machine, boosting capacity from 23,000 to 145,000 capsules per hour. The project, funded entirely through internal accruals, is expected to be operational this month.
- Glenmark Pharma subsidiary is set to introduce a new injection for breast cancer treatment in the U.S. market, expanding its oncology portfolio.
- Sumeet Industries Ltd: The company’s Board has fixed Friday, 3rd October 2025 as the “Record Date” for 1:5 stock split.
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Shree Renuka Sugars Ltd. (13.1%) | Godfrey Phillips India Ltd. (-4.8%) |
| Sammaan Capital Ltd. (10.4%) | Sarda Energy & Minerals Ltd. (-4.1%) |
| Raymond Lifestyle Ltd. (6.7%) | Five-Star Business Finance Ltd. (-3.7%) |
| ITI Ltd. (6.5%) | SBFC Finance Ltd. (-3.4%) |
| Alok Industries Ltd. (5.9%) | Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (-3.3%) |
Conclusion
The market sentiment was slightly negative today, with financial stocks leading the losses, but the decline was not severe, suggesting cautious trading rather than a sharp downturn
Written by Manideep Appana
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