Market Update | September 5, 2025: Positive Opening Amid Festive Cheer
On the occasion of two major festivals – Onam, widely celebrated across India to thank nature for a good harvest, and Milad-un-Nabi, observed by the Muslim community – markets opened on a positive note today, reflecting both festive sentiment and optimism over a decent monsoon season.
GIFT Nifty and Global Markets
The GIFT Nifty is trading at 24,885, nearly 150 points higher than yesterday’s close of 24,734. Global cues are also encouraging – Japan’s Nikkei gained 321 points, while Hong Kong’s Hang Seng added 118 points.
Traders, however, remain cautious as today is not only a settlement holiday but also the last trading session of the week. Analysts expect relatively lower volumes and a range-bound movement after the initial positive opening.
Previous Session Recap
On Thursday, both Nifty 50 and Bank Nifty closed almost flat, with Bank Nifty edging up by just 8 points. This consolidation came after heavy speculation around GST reforms. Option writers benefited as volatility cooled, with India VIX slipping from 10.93 to 10.85, and the Put-Call Ratio declining from 1.21 to 0.84 due to higher call writing.
FIIs were net sellers at ₹106 crore, while DIIs supported the market with strong buying worth ₹2,233 crore.
Top Gainers and Losers
Mahindra & Mahindra surged 6% after the government provided relief on SUV cess despite higher GST on luxury vehicles.
Bajaj Finance gained 4%, while Apollo Hospitals rose 2%.
On the losing side, Tata Consumers and HDFC Life dropped around 3% each, with Wipro and Maruti Suzuki also among top laggards.
Gold, Silver & Currency Update
Gold (Delhi):
24K (999 purity): ₹10,700 per gram
22K (916 purity): ₹9,809 per gram
Silver (Delhi): ₹126.90 per gram (₹1,26,900 per kg)
Despite a minor dip, both gold and silver remain near record highs, supported by global demand.
The Indian Rupee showed mild strength against the Euro and Yen, but weakened slightly against the Dollar and Pound.
Key Corporate Developments
GD Consumers announced a buyback at ₹290 per share; further details on record date and acceptance ratio are awaited.
Varun Beverages Ltd. entered a joint venture with White Peak Refrigeration to expand cold storage equipment solutions, including visi-coolers and deep freezers.
Bharat Forge acquired 950 acres of land in Andhra Pradesh’s Anantapur district through the state industrial corporation to set up a major defense manufacturing facility.
RBP Infra secured a ₹134 crore order for road improvement projects in Maharashtra.
Aptus Value Housing Finance stake sale saw 24 domestic mutual funds, including Kotak, ICICI Prudential, Tata, and Motilal Oswal, picking up shares.
GHS Swanguard, an FMCG company supplying to Patanjali and others, witnessed fresh buying of over 5.6 lakh shares.
Zota Healthcare announced plans to raise ₹500 crore via QIP.
Yeshu Industries bagged a 15-year supply contract for lubricant additives, expected to add ₹150 crore annually to revenues.
Biocon’s Bengaluru facility faced five routine observations from the USFDA inspection, expected to be resolved in due course.
Stocks in Focus
RBL Bank remains under the F&O ban list.
BlueStone Jewellers results were stable.
SpiceJet earnings are awaited today, though analysts expect limited surprises.
Outlook
With festive momentum, strong DII inflows, and optimism around monsoon-driven agriculture growth, sentiment remains positive. However, traders are advised to stay cautious as volumes may thin out due to the settlement holiday.
