Indian stock markets ended higher, with Nifty 50 closing at 24,715.05, up 135.45 points (0.55%), and Bank Nifty at 54,067.55, gaining 406.55 points (0.76%). The Sensex rose by 409.83 points (0.51%), finishing at 80,567.71, reflecting broad-based gains across sectors.
Nifty made a strong recovery from the day’s lows, crossing the 24,700 level with triple-digit gains, while midcap stocks maintained their upward trend. Market breadth stayed robust, with the NSE advance-decline ratio at 2:1. Metals performed particularly well, recording their third consecutive day of gains.
US Markets
- Dow Jones Futures trading around 45,296, holding steady with a very bullish moment
European Markets
- Dow Jones Futures stayed almost unchanged at 45,296, moving in a narrow band between 44,948–45,297 levels, indicating consolidation after a strong run.
- FTSE gained 0.41% to close at 9,153, recovering from early weakness and holding firm above the 9,100 level.
- CAC rose 1.02% to 7,732, bouncing back strongly from a low of 7,671 and finding support from buying in industrials and financials.
- DAX advanced 0.67% to 23,643, climbing steadily through the session after testing a low of 23,507, signaling resilience in European equities.
Global events/updates
- The U.S. has revoked Taiwan Semiconductor Manufacturing Co.’s fast-track export waiver (VEU status) for its Nanjing, China plant, effective Dec 31, 2025. This means TSMC must now obtain individual U.S. export licenses for shipping American-origin chipmaking equipment.
- While the Nanjing site contributes only about 3% of TSMC’s output (mainly mature-node chips), the move highlights Washington’s push to curb China’s semiconductor progress and could slow operations due to licensing delays.
- At a massive military parade marking 80 years since China’s World War Two victory over Japan, President Xi Jinping showcased advanced weaponry, including laser arms, nuclear ballistic missiles, and giant underwater drones.
- The event drew global attention as Xi was joined by Russia’s Vladimir Putin and North Korea’s Kim Jong Un, along with other world leaders, though only two Western leaders attended. On the sidelines, Kim told Putin that it was North Korea’s “fraternal duty” to support Russia, which has already deployed weapons and troops in Ukraine, highlighting the deepening ties between the two nations.
- HSBC/S&P Global Aug Services PMI: 62.9 (up from 60.5 in July)
- HSBC/S&P Global Aug Composite PMI: 63.1 (up from 61.1 in July)
- New GST rates to be implemented by Navratri.
- India’s Foreign Minister, S. Jaishankar, highlighted the strengthening of India-Germany relations. He noted an uptick in defence ties and welcomed German investments in India, with the goal of doubling trade between the two nations. Jaishankar also stated that India will work to smoothen defence and security exports and imports. He concluded by addressing the broader global context, mentioning that the world is currently facing the twin challenges of political uncertainty and disruptions.
- The GST Council meeting discussed several key points: initiating discussions on rates rationalization, considering proposals related to the insurance sector, approving a streamlined registration process reduced to 3 days for non-risky businesses, ensuring registration is issued within 3 working days from application filing, and approving the issuance of refunds in case of exports within 7 days.
Stock news
- GHV Infra Projects Ltd: Board fixed 16th September 2025 as the record date for the 2:1 stock split and 3:2 bonus.
- Dev Information Technology Ltd: Dev Information Technology Limited announced that its associate company Dev Accelerator Ltd (DevX) has filed its Final Red Herring Prospectus (RHP) on 2nd September 2025 for an IPO. Through this issue, DevX aims to raise funds via a fresh issue of up to 2.35 crore equity shares (face value ₹2 each), with the proposed listing on NSE and BSE.
- Valiant Communications Ltd: The board has approved the proposal of Issue of Bonus Shares to the Shareholders of the Company in the ratio of 1:2.
- Sadhav Shipping Ltd has entered an agreement to sell its vessel Aditri, located in Onne, Nigeria, to overseas buyer M/s Brooklyn Offshore Limited for USD 4.5 million.
- KP Green Engineering Limited: KP Green Engineering Limited, part of KP Group, has partnered with South Korea’s AHES Co. Ltd. and India’s GH2 Solar Ltd. to establish a green ammonia production facility in India with a capacity of 100,000 metric tons per year.
- Netweb Technologies Ltd: Received a major domestic order worth approximately ₹1,734 crore (excluding taxes) for the supply of servers based on NVIDIA’s advanced Blackwell architecture.
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| TBO Tek Ltd. (15.0%) | JK Cement Ltd. (-3.3%) |
| Ola Electric Mobility Ltd. (11.4%) | Phoenix Mills Ltd. (-3.2%) |
| Netweb Technologies India Ltd. (11.0%) | Intellect Design Arena Ltd. (-3.1%) |
| NMDC Steel Ltd. (9.6%) | eClerx Services Ltd. (-3.0%) |
| Piramal Pharma Ltd. (7.7%) | ZF Commercial Vehicle Control Systems India Ltd. (-2.7%) |
Conclusion
The market’s positive close reflects investor optimism and steady buying momentum, particularly in banking stocks, suggesting continued cautious confidence in the near-term trend.
Written by Manideep Appana
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