Sensex Nifty Today | Stock Market Highlights: The Indian domestic indices, Sensex and Nifty, opened today’s session on a positive note. The Sensex opened above 81,300 and the Nifty near 25,000. The Sensex is up 900 points, or 1.17%, in the opening, while the Nifty is higher by over 300 points, gaining more than 1%. The Indian government has proposed to change the goods and services tax (GST) structure. Plus, S&P Global has raised India’s long-term sovereign credit rating to ‘BBB’ from ‘BBB-‘ after 18 years.
Adding to that, the early Asian markets were trading in a mixed manner. Japan’s Nikkei 225 benchmark rose 0.62%, while the broader Topix index added 0.42%. In South Korea, the Kospi index fell 1.06%, while the small-cap Kosdaq was down 1.44%.
Here are key factors markets will look at in Monday’s trade-
Reforms in GST slabs
The Central government has proposed to scrap the 12% and 28% goods and services tax (GST) slabs, among other reforms to India’s indirect tax regime. The government is pushing for economic growth with these steps. Most of the products and services attracting a tax rate of 12% and 28% will be shifted to the 5% and 18% slabs, respectively, as per the proposal. While items in the 28% slab will be moved to a new 40% slab.
Sovereign Ratings upgrade
After an 18-year gap, S&P Global raised India’s long-term sovereign credit rating to ‘BBB’ from ‘BBB-‘, with the short-term rating upgraded to ‘A-2’ from ‘A-3’. The stable outlook reflects confidence in India’s strong economic fundamentals and prudent policy management. S&P last upgraded India in January 2007 to ‘BBB-’.
Global Cues
The futures contract tied to the US benchmarks surged on hopes for rate cuts by the U.S. Federal Reserve, which fueled a winning week on Wall Street. Dow Jones Industrial Average futures edged up 0.09%. S&P 500 futures and the Nasdaq 100 futures were up 0.11% and 0.18%, respectively. Plus, Asia-Pacific markets traded mixed on Monday, after the US-Russia summit concluded without a ceasefire.
Stay tuned for the latest updates from Indian markets, key stocks in news, views and expert opinion on this market blog.
Share Market Today Live | Sensex Nifty Live Updates: Markets set to open gap up
Sensex, Nifty Live Updates: Markets close today
The Sensex closed at 81,273.75, up 676.09 points or 0.84%, while the Nifty ended the day at 24,876.95, gaining 245.65 points or 1%.
Sensex, Nifty Live Updates: Markets at this hour
At this hour, the Sensex is trading at 81,471.33, up 873.67 points or 1.08%, while the Nifty is at 24,921.35, higher by 290.05 points or 1.18%.
Sensex, Nifty Live Updates: Top groups performing today
The market capitalisation of Hero Group has surged the most, rising over 6%. It was followed by TVS Group that rose 5.6% and Hinduja Group increasing 5.4%.
Sensex, Nifty Live Updates: Vodafone Idea shares on a roll
Vodafone Idea’s share price has risen almost 9% to an intra-day high of Rs 6.69 on the National Stock Exchange. The uptick in the stock price came after the company reported its quarterly results for the first quarter of the financial year 2025-26. Vodafone Idea’s total customer base in the quarter stood at 19.77 crore. The company said that it lost 5 lakh customers in the quarter, which was a significant improvement from the previous quarters when it was losing 50 lakh customers.
“There was a need for policymakers to implement counter-cyclical policy measures to support domestic economic growth amidst tariff uncertainties. The timing of GST reform is apt and this potential policy stimulus along with personal income tax relief ($15 billion), front-loading of rate cuts (100 basis points CYTD), softer inflation (boosting purchasing power), and improved credit availability on regulatory easing should help buoy household consumption over the next 2-3 quarters, in our view," said Tanvee Gupta Jain, Chief India Economist at UBS Securities. In terms of sectors, we think the proposed removal of the 12% GST rate would be a positive for processed foods, garments (above Rs 1,000), footwear, tractors, farm equipment, construction material, and hotels, amongst others.
Sensex, Nifty Live Updates: Maruti Suzuki hits new high
The share price of Maruti Suzuki rocketed 9.2% to an intra-day high of Rs 14,125. The bullish sentiments are helping the stock. There were a total of 87,291 bids for the stock, as against the selling quantity of 33,471. The counter has touched its new all-time high today.
Sensex, Nifty Live Updates: Nifty IT trades in red
As the markets are witnessing a strong upside owing to the economic push by the government, the IT stocks are trading lower. The largecap IT stock Infosys fell the most among the Nifty IT stocks. The stock was down 0.8%. It was followed by other IT stocks like Persistent Systems, Mphasis, LTIMindtree, HCL Technologies, and others. The Nifty IT was down 0.35% at 34,711.70.
Sensex, Nifty Live Updates: Kotak Securities on Auto Sector
"The potential GST cuts for the automotive products to 18% would lower on-road prices across segments. We believe lower prices would stimulate demand recovery, and the impact would be more in the mass-market segment. Auto manufacturers (OEMs) would gain from higher revenue and potentially higher margins, resulting in a possible earnings upgrade. Auto ancillaries would also gain from the potential GST cut; however, the impact would vary depending on geographical exposure. Auto ancillary companies having higher revenue exposure in the domestic market stand to benefit more, whereas the gains for global suppliers would be lower, given higher export exposure and tariff-related uncertainty," said Arun Agarwal, Vice President of Fundamental Research at Kotak Securities.
Sensex, Nifty Live Updates: Motilal Oswal on Consumer Durables
"We noted a relatively better revenue print and commentary from staple companies in 1QFY26. Rural markets’ performance has been an outlier for the last 12 months after witnessing a tepid performance during 2022-2023. We observed an uptrend in rural markets last year, as highlighted in our thematic report. Most rural growth drivers have performed well and led to better consumption," said Motilal Oswal.
Sensex, Nifty Live Updates: Nifty Consumer Durables up 2.87%
The consumer durable stocks have surged 2.87% to 38,402.05 just after markets opened. The stocks have been touching skies post the announcement of GST reforms. The share price of Amber Enterprises surged over 7%, it was followed by PG Electroplast, Whirlpool, Voltas, and many others. None of the consumer durables stocks were trading in the red. The push for economic growth via the scrapping of two GST slabs is likely to raise the demand for consumer durables.
Sensex, Nifty Live Updates: Auto stocks on fire
The auto stocks are on fire this morning. The Nifty Auto Index is up 3.48%
The top gainers in the sector include
-Hero MotoCorp up 7%
-Maruti Suzuki up 6.5%
-Ashok Leyland, Bajaj Auto up 5% each
-M&M up 4%
-Eicher Motor up 3.6%
-Tata Motors up 1%
Sensex, Nifty Live Updates: Nifty FMCG rises 1.6%
The FMCG stocks skyrocketed as soon as the markets opened on August 18. The Nifty FMCG was up 1.6% at 55,515.95. Dabur, Hindustan Unilever, and Nestle India were topping the charts. The share price of Dabur surged 5.3%, Hindustan Unilever rose 3.7% and Nestle India was up 3.6%.
The Indian equity markets opened the session on a higher note as the Indian government pushes for economic growth. The Nifty 50 surged 300 points or 1.21% to open at 24,930, while the 30-pack Sensex opened the trade 1,000 points or 1.24% higher at 81,598. The benchmarks' strong opening was on the back of two major reasons: GST reforms and a Sovereign Ratings upgrade.
"Declarations by the prime minister on the next major reforms in GST by Diwali are a big positive. The expectation is that most of the goods and services will be in the 5% and 18% tax slabs. Sectors like autos and cement, which are presently in the 28% tax slabs, are expected to benefit," said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.
Sensex, Nifty Live Updates: Kotak Securities on markets ahead of opening
Technically, on daily and intraday charts, the market has formed largely positive reversal patterns. Additionally, a bullish candle was formed on the weekly charts, indicating the continuation of the pullback in the near future. While considering the news flow, we may see the market opening around 24,800 or 24,950, where the market is having an ultimate resistance zone, said Shrikant Chouhan, Head Equity Research at Kotak Securities.
"We believe that 24,450 would act as a key support zone for short-term traders. As long as the market trades above this level, the bullish sentiment is likely to continue. On the higher side, 24,800 would be the immediate resistance zone for the bulls. A successful breakout above 24,800 could push the market towards 24,900-25,000," added Chouhan.
Sensex, Nifty Live Updates: Pre-market
In pre-market trade, the Sensex is up 727 points at 81,324.90, while the Nifty is higher by 307 points at 24,938.25.
Sensex, Nifty Live Updates: GIFT Nifty up 370 points
The Indian equity markets are going to open in another 15 minutes. The GIFT Nifty is up 370 points, indicating that the markets will open on a gap up. The index is trading 1.5% higher at 24,988. The GIFT Nifty, formerly known as SGX Nifty, is a futures contract based on the Nifty 50 Index. It is traded on the NSE International Exchange (NSE IX) located in GIFT City, Gujarat, India.
Sensex, Nifty Live Updates: The big cues for market at this hour
The big stocks to watch at this hour include- "The reduction in GST rates will be positive for consumption, financials, auto, and consumer durable stocks . The focus remains on investing in domestically orientated and domestic beneficiary sectors that will benefit from the consumption boost and continued public infrastructure investments. Subdued oil prices will help downstream industries as well as end consumers," as per market veteran, Ajay Bagga.
Share market today live updates: Nifty outlook
"Last week’s reversal attempts stalled in the 24670-720 region, depriving Nifty of a bullish confirmation. However, 43% and 39% of mid and small cap index constituents respectively ended up above their respective 10 day SMAs, the highest since late July, suggesting that a broad market reversal is already in play. This encourages us to persist with the 24850-25000-25200 objectives discussed last week. Expect 24850 to pose a stiff challenge, but upside hopes may be persisted with, as long as the volatility thereof is contained above 24,650," said Anand James, Chief Market Strategist at Geojit Investments.
Share market today live updates: ‘Double Diwali’ bonanza
Prime Minister Narendra Modi used his Independence Day address to announce what he called a "double Diwali" gift for the nation. He announced that the government will roll out the next generation of Goods and Services Tax (GST) reforms by October this year. These reforms, he said, aim to rationalise the tax structure, bring down the cost of essential items, and give relief to India’s small businesses and MSMEs.
"We have reduced the tax burden in the country over the last 8 years. We made taxation easier," PM Modi said, adding that the new GST rationalisation will lower tax rates further and give a boost to the economy.
Share market today live updates: India's credit ratings upgrade
After an 18-year gap, S&P Global raised India's long-term sovereign credit rating to 'BBB' from 'BBB-', with the short-term rating upgraded to 'A-2' from 'A-3'. The stable outlook reflects confidence in India's strong economic fundamentals and prudent policy management. S&P last upgraded India in January 2007 to ‘BBB-’.
Share market today live updates: GST reforms to be in spotlight
The Indian government has suggested eliminating the 12% and 28% goods and services tax (GST) brackets, along with other changes to India’s indirect tax system. The government is trying to push for economic growth with these measures. Most of the products and services attracting a tax rate of 12% and 28% will be shifted to the 5% and 18% slabs, respectively, as per the proposal. While items in the 28% slab will be moved to a new 40% slab.