The new framework introduces a simplified two-slab tax structure of 5 per cent and 18 per cent, replacing the earlier four-rate system. This move is aimed at making compliance easier for businesses and reducing costs for the general public. Luxury and sin goods such as tobacco, pan masala, high-end cars, yachts, and aerated drinks will continue to face a higher levy of 40 per cent
Navratri begins with tax relief as GST reforms take effect today- Daily Market Update 22nd Sept 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled higher in range 0.35% to 0.72
- European equity markets ended on a flat note.
- Asian equity markets are trading mix.
- GIFT Nifty is down by 100 points, Nifty futures likely to open around 25323 levels.
Benchmark Nifty index settled lower at 25327 spot levels after a cut of 97 points from its previous closing values amid profit taking ahead of weekend.
Broader markets outperformed the benchmark as Mid and Small cap indices settled on a positive note.
Performance on the sectoral from was mix. Amongst them, PSU Bank index was at the top of the tally, gained 1.28% followed by Pharma & Realty index that rose over 0.5% each. On the other hand, Consumer Durables, Private Bank and Media index were at the bottom of the tally, down just over 0.5% each.
GST 2.0 rollout might trigger a fresh momentum in select category. Technically, Nifty index is well placed on multiple chart frames till it is trading above 25050 spot levels on closing basis and any intraday dip up to 25200 spot levels should be taken as a fresh buying opportunity.
Derivatives Overview & Outlook
Last Friday, Finnifty futures added 2.3% of open interest as short buildup whereas no significant changes were seen among Nifty, Banknifty and Midcapnifty futures on open interest as well as on price front
Performance on the sectoral front was mix. Amongst them, Infrastructure, Pharma and Power stocks witnessed maximum addition of long positions whereas some short buildup was seen among Auto, Cement and Textile stocks.
On options front, call writing along with some put unwinding was seen at multiple strikes. Maximum positions are at 25300 PE and 26000 CE followed by 25400 CE.
Institutional Trading Activity
Last week, FIIs bought stocks worth Rs 2206 Cr in the cash segment, bought index futures worth Rs 4879 Cr and sold stocks futures worth Rs 1703 Cr. DIIs were too net buyers in the cash segment to the tune of Rs 11178 Cr during last week.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 25550-25620; Supports 25360-25280
Banknifty – Resistances 55800-56000; Supports 55200-55000
Finnifty – Resistances 26700-26800; Supports 26500-26400
F&O Security in Ban Today: ANGELONE, SAMMAAN CAPITAL & HFCL.
Disclosure
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