The GST Council approved the most comprehensive overhaul of India’s consumption tax system since its introduction in 2017. This landmark reform will impact everything from toothpaste and insurance premiums to tractors, cement, and shampoos, marking a new era of “next-generation GST.”
FM Nirmala Sitharaman unveils game changing GST 2.0, slashes rates on essentials- Daily Market Update 4th Sept 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled higher in range 0.50% to 1%.
- European equity markets ended on a positive note.
- majority of Asian equity markets are trading in green.
- GIFT Nifty is up by 150 points, Nifty futures likely to open around 24950 levels.
Benchmark Nifty index ended slightly higher at 24715 spot levels after adding 135 points to its previous closing values.
Broader markets performed in line with the benchmark as Mid and Small cap indices rose 0.65% & 0.89% respectively.
Majority of sectoral indices, tracked at NSE, ended in green. Amongst them, Metal index led the bulls, rose over 3% followed by Pharma, Healthcare and PSU Bank index that rose over 1% each.
Today, domestic equity markets will react to positive outcome from GST council meeting. Technically, cross and sustenance above 24850 spot levels will be positive development for any sustainable move towards 25000-25150 spot levels.
Derivatives Overview & Outlook
Yesterday, Midcapnifty futures added 1.26% of open interest as long buildup along with some short covering in Banknifty futures that shed around 3% of open interest. On the hand, no significant changes was seen in Nifty and Finnifty futures on open interest front.
On options front, put writing along with some call addition seen at multiple strikes. Maximum positions are at 24500 PE followed by 24600 PE and 25000 CE. Nifty options data has turned positive with a PCR of 1.24.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 1721 Cr in the cash segment, sold index futures worth Rs 435 Cr also sold stocks futures worth Rs 2084 Cr. DIIs were net buyers in the cash segment to the tune of Rs 2679 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 24880-24980; Supports 24700-24600
Banknifty – Resistances 54600-54800; Supports 54200-54000
Finnifty – Resistances 25950-26020; Supports 25700-25600
F&O Security in Ban Today: RBLBANK
Disclosure
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