The key equity benchmarks traded with minor gains in early trade aided by robust GST collection in August. Investors are closely monitoring developments on U.S. tariff measures, FII outcome and monthly auto sales data. Market could be volatile today amid expiry of weekly NSE F&O contracts. The Nifty traded around 24,650 mark.

Media, oil & gas and realty shares advanced while IT, auto and metal shares declined.

At 09:25 IST, the barometer index, the S&P BSE Sensex gained 87.40 points or 0.12% to 80,464.47. The Nifty 50 index rose 24.30 points or 0.10% to 24,650.80.

In the broader market, the S&P BSE Mid-Cap index shed 0.09% and the S&P BSE Small-Cap index advanced 0.27%.

The market breadth was strong. On the BSE, 1,966 shares rose and 1,095 shares fell. A total of 159 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 1,429.71 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 4,344.93 crore in the Indian equity market on 01 September 2025, provisional data showed.

Economy:

India collected 1.86 trillion rupees ($21.26 billion) as goods and services tax in August, 6.5% higher than the same period last year, the government said on Monday.

Trump Tariffs:

Activity on the domestic bourses will be in focus after U.S. President Donald Trump reportedly said that India had offered to reduce its tariffs on U.S. imports to zero.

They have now offered to cut their Tariffs to nothing, but it's getting late. They should have done so years ago,' U.S. President Donald Trump wrote on Truth Social. He added that the U.S.′ relationship with India was 'one sided', the report added.

Numbers to Track:

The yield on India's 10-year benchmark federal paper rose 0.29% to 6.607 from the previous close of 6.588.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 88.0900 compared with its close of 88.1000 during the previous trading session.

MCX Gold futures for 3 October 2025 settlement rose 0.48% to Rs 105,300.

The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.14% to 97.82.

The United States 10-year bond yield shed 0.14% to 4.240.

In the commodities market, Brent crude for November 2025 settlement jumped 97 cents or 1.44% to $67.48 a barrel.

Stocks in Spotlight:

Kotak Mahindra Bank rose 0.05%. The bank announced that the Reserve Bank of India (RBI) has approved the appointment of Paritosh Kashyap as an executive director of the Bank.

Royal Orchid Hotels jumped 2.77%. The company announced the expansion of its presence in North India with the launch of a new property in Ambala, Haryana.

Puravankara added 3.42%. The company announced that its wholly owned subsidiary, Purva Blue Agate, has received a letter of award for the redevelopment of Samrat Ashok Co-operative Housing Society in Mumbai with estimated gross development value (GDV) of Rs 2,700 crore.

Global Markets:

Asia-Pacific markets traded mixed as investors assessed the Shanghai Cooperation Organization meeting of leaders in Tianjin, with tariff uncertainty weighing on sentiment.

This comes after a U.S. federal appeals court on Friday ruled that most of President Donald Trump's global tariffs are illegal.

South Korea's consumer price index rose 1.7% in August from the year before, after increasing by 2.1% the month before. This marks its slowest year-on-year rise since November and is marginally weaker than the 2% rise

Australia's current account balance for the April to June quarter came in at a deficit of 13.7 billion Australian dollars ($8.97 billion), compared to the AU$14.7 billion deficit the quarter before.

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