The Indian stock market witnessed a positive start to the week, rebounding from a three-day losing streak. On Monday, September 1, 2025, both the Sensex and Nifty closed higher, fueled by stronger-than-expected GDP data and a U.S. court ruling that provided some relief regarding President Trump's tariffs.
The BSE Sensex advanced 554.84 points, or 0.70%, to finish at 80,364.49, while the NSE Nifty jumped 198.20 points, or 0.81%, to settle at 24,625.05. This resurgence was further reflected in the broader market, with the BSE Midcap index climbing 1.64% and the Smallcap index gaining 1.49%.
Market Drivers and Sentiment
Several factors contributed to the market's positive performance. Robust GDP data instilled confidence among investors, while the U.S. court ruling, which deemed most of President Trump's tariffs illegal (though keeping them in place until mid-October), offered additional comfort. Renewed optimism was seen in the auto and consumer durables sectors, although analysts cautioned that GST and borrowing pressures could potentially temper sentiment.
Shrikant Chouhan, Head of Equity Research at Kotak Securities, noted that as long as the Sensex trades above 80,000, the pullback formation is likely to continue, potentially reaching 80,500 or even 80,800. However, he also suggested that traders might prefer to exit long positions if the index falls below 80,000.
Sectoral Performance
On Monday, most major sectors experienced gains, with Nifty Auto leading at 2.54%, followed by Nifty Consumer Durables at 1.91% and Nifty IT at 1.52%. Other strong performers included Nifty Metal (1.34%), Nifty Oil & Gas (1.21%), Nifty PSU Bank (0.98%), Nifty Realty (0.78%), Nifty Financial Services (0.76%), Nifty Private Bank (0.58%), Nifty Pharma (0.20%), Nifty Healthcare (0.19%), and Nifty FMCG (0.07%). Mahindra & Mahindra led the Sensex gainers with a rise of 2.98%, followed by Tata Motors (2.86%), Trent (2.65%), Infosys (2.08%), and Asian Paints (2.05%).
Global Cues and Outlook for September 2, 2025
The Indian stock market is expected to open flat on Tuesday, September 2, amid mixed global cues. GIFT Nifty was trading around 24,761.50, indicating a muted start for the Indian benchmark index. Asian markets opened mostly green, while the U.S. stock market remained closed for Labor Day.
Eternal Ltd. Stock Update
Eternal Ltd's stock price experienced a gain of 2.28% on Monday, September 1, 2025, rising from ₹313.95 to ₹321.10. During the trading day, the stock fluctuated 2.72% between ₹313.95 and ₹322.50. Although the price has fallen in 6 of the last 10 days, it is still up by 0.85% over the past two weeks. On September 2, 2025, Eternal Ltd share price was up by 0.98% over the previous closing price, trading at Rs 324.35 at 09:25 AM IST.
Analysts have mixed opinions on Eternal's stock. Some suggest that the stock could reach ₹360-380, while others advise caution and suggest booking profits. Anshul Jain, Head of Research at Lakshmishree Investments, believes that the retreat in Eternal stock price near its support zone can be viewed as a buying opportunity.
