Benchmark equity indices opened on a positive note on Tuesday, ahead of the two-day GST Council meeting beginning September 3. The 56th meeting is expected to take up key proposals on GST reforms.
The BSE
Sensex rose 155 points at the open to 80,520, while the NSE Nifty50 advanced 28 points, or 0.1%, to 24,653. Reliance Industries was the top gainer among Sensex constituents, rising 1.4% to ₹1,372.
Apart from expectations around GST deliberations, sentiment will also be guided by the first weekly expiry of NSE contracts under the revised framework. Meanwhile, expiry of Sensex options has been shifted to Thursday.
Investors will additionally weigh US President Donald Trump’s comments that India has offered to reduce tariffs on US goods to “nothing,” adding in a Truth Social post that the move should have come years earlier.
Global Cues
Globally, attention will be on the US ISM Manufacturing and S&P Global Manufacturing PMI data, along with Eurozone CPI numbers. In Asia-Pacific trade, markets largely advanced as investors assessed outcomes from the Shanghai Cooperation Organisation (SCO) summit in Tianjin, though tariff uncertainties remained a drag. Japan’s Nikkei 225 gained 0.31%, South Korea’s Kospi rose 0.45%, and China’s Shanghai Composite inched up 0.04%, while Australia’s S&P/ASX 200 slipped 0.41%.
Overnight, Wall Street stayed shut for Labor Day 2025.
