On Wednesday, September 3, Indian equity benchmark indices opened the trading session on a positive note. However, volatility was observed in the first hour, but thereafter, the bulls took control, and the Nifty recovered over 170 points from the day's low.
At the closing bell, the Nifty 50 ended up by 135.45 points, or 0.55%, at 24,715.05. The Sensex jumped by 409.83 points, or 0.51%, to 80,567.71. Gains in the Nifty 50 index were led by Tata Steel and HDFC Bank.
Investors await the outcome of the GST council meeting, which is expected to cut taxes on a range of goods. On the other hand, IT stocks ended lower by 0.74% as data shows a contraction in US manufacturing for the sixth straight month in August, while concerns over rising US debt also weighed.
On the sectoral front, 9 of the 11 key sectoral indices ended in positive territory. Meanwhile, broader indices like Nifty Midcap 100 and Smallcap 100 ended in the green.
Among individual stocks,
Nifty Metal surged by 3.11%, emerging as the top sectoral gainer, recording the highest intraday gains in the last 3 months. Among the index constituents, Tata Steel and Jindal Steel were the top gainers. On the flip side, Nifty IT declined by 0.74%, dragged down by Infosys.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices extended its rally for the second straight day on Wednesday, September 3. The Mid-cap 100 index ended up by 0.65%, and the Small-cap 100 index closed higher by 0.89%.
As of September 3, 2025, the market breadth was in favour of advancing stocks. Out of 3,138 stocks traded on the NSE, 2,088 advanced, 962 declined, and 88 remained unchanged.
A total of 90 stocks touched their 52-week highs, while 42 hit their 52-week lows. Additionally, 123 stocks were locked in their upper circuits, whereas 57 stocks were in lower circuits.
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