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Key gauges continue to trade flat with negative bias
Oct-03-2025

Indian equity benchmarks continued to trade flat with negative bias in morning deals, dragged by a decline in Auto, Oil & Gas and Energy stocks. Moreover, persistent foreign fund outflows and the ongoing US visa fee hike issue weighed on sentiment. Foreign Institutional Investors offloaded equities worth Rs 1,605.20 crore on a net basis on Wednesday, according to exchange data. However, traders took some support with the State Bank of India (SBI) in its latest report stated that Inflation in the current financial year (FY26) and the next financial year (FY27) is likely to be much lower than the Reserve Bank of India's (RBI) projections. The report highlighted that several domestic factors are working in favour of easing price pressures. These include healthy progress of the monsoon, higher kharif sowing, adequate reservoir levels, comfortable buffer stock of foodgrains, and the most significant factor, GST rate rationalization. On the global front, Asian markets are trading mostly in green following firm cues from global markets on continued optimism around artificial intelligence. 

The BSE Sensex is currently trading at 80969.15, down by 14.16 points or 0.02% after trading in a range of 80649.57 and 81018.61. There were 12 stocks advancing against 18 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index rose 0.32%, while Small cap index was up by 0.53%.

The top gaining sectoral indices on the BSE were Metal up by 2.03%, Basic Materials up by 1.09%, Capital Goods up by 0.47%, Industrials up by 0.47% and Bankex up by 0.45%, while Auto down by 0.48%, Oil & Gas down by 0.46%, Energy down by 0.45%, FMCG down by 0.16% and Healthcare down by 0.16% were the top losing indices on BSE.

The top gainers on the Sensex were Tata Steel up by 3.88%, Kotak Mahindra Bank up by 1.67%, Axis Bank up by 1.66%, Eternal up by 1.49% and Bharat Electronics up by 1.40%. On the flip side, Bajaj Finserv down by 1.76%, Bajaj Finance down by 1.11%, Sun Pharma down by 1.03%, Maruti Suzuki down by 0.98% and Ultratech Cement down by 0.87% were the top losers.

Meanwhile, The government data has showed that total Gross Goods and Services Tax (GST) collections jumped 9.1% to Rs 1,89,017 crore (Rs 1.89 lakh core) in the month of September 2025 as compared to Rs 1,73,240 crore in the same month a year ago. GST 2.0 reforms in the form of rate rationalisation, which came into force on September 22, have been reflected in the collections. Prices of as many as 375 items, including kitchen staples to electronics, from medicines and equipment to automobiles, got cheaper from September 22. The month has seen increased demand due to rate cuts. The September 2025 collection was 1.5% higher than the collection of Rs 1.86 lakh crore reported in August 2025.

Of the total GST collection, CGST was Rs 33,645 crore in September 2025 as compared to Rs 31,422 crore in September 2024. SGST was Rs 41,836 crore in September 2025 as compared to Rs 39,283 crore in September 2024. IGST was Rs 1,01,883 crore in September 2025 as compared to Rs 90,594 crore in September 2024. CESS was Rs 11,652 crore in September 2025 as compared to Rs 11,941 crore in September 2024.

In September 2025, gross Domestic Revenue rose 6.8% to Rs 1,36,525 crore as compared to Rs 1,27,850 crore in the corresponding month of previous year. Besides, Gross Import Revenue soared 15.6% to Rs 52,492 crore in the month under review, as compared to Rs 45,390 crore in the same month a year ago. Total Refund surged 40.1% to Rs 28,657 crore in September 2025 over Rs 20,453 crore in the corresponding month of previous year. Further, Total Net GST Revenue rose 5.0% to Rs 1,60,360 crore in the in September 2025 over Rs 1,52,787 crore in the September 2024.

The CNX Nifty is currently trading at 24820.45, down by 15.85 points or 0.06% after trading in a range of 24747.55 and 24855.70. There were 19 stocks advancing against 31 stocks declining on the index.

The top gainers on Nifty were Tata Steel up by 3.86%, Hindalco up by 2.51%, Kotak Mahindra Bank up by 1.68%, Axis Bank up by 1.65% and JSW Steel up by 1.47%. On the flip side, Max Healthcare Inst down by 3.02%, Eicher Motors down by 1.68%, Bajaj Finserv down by 1.67%, Shriram Finance down by 1.65% and Coal India down by 1.40% were the top losers. 

Asian markets are trading mostly in green; Nikkei 225 surged 739.27 points or 1.65% to 45,676.00, Taiwan Weighted added 294.91 points or 1.12% to 26,673.30, Jakarta Composite gained 21.02 points or 0.26% to 8,092.10 and Straits Times rose 9.44 points or 0.21% to 4,404.65. On the flip side, Hang Seng declined 259.12 points or 0.95% to 27,028.00. 

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