Indian stock market benchmarks, the Sensex and the Nifty 50, experienced a downturn on Tuesday, September 2, retracting from earlier gains due to lackluster global market signals and profit-taking activities in the late session. The Sensex concluded the day with a 0.26% decrease, settling at 80,157.88, while the Nifty 50 declined by 0.18%, closing at 24,579.60.
Bucking the trend, the BSE Midcap and Smallcap indices demonstrated resilience, outperforming the main benchmarks with gains of 0.27% and 0.64%, respectively. The overall market capitalization of BSE-listed firms saw an increase, reaching nearly ₹450 lakh crore, up from ₹449 lakh crore the previous day, boosted by the strength in the broader market.
Here are stock recommendations from MarketSmith India:
Colgate-Palmolive (India) Ltd:
United Spirits:
Hikal Ltd:
Shilpa Medicare Ltd:
Azad Engineering Ltd:
Vishal Mega Mart Ltd (Recommendation date: August 29, 2025):
Jindal Stainless Ltd (Recommendation date: August 29, 2025):
It's important to note that the equity markets in India had closed sharply lower on Thursday, August 28. The Nifty 50 lost 0.85% to settle at 24,500.90, while the Sensex declined by about 705 points. Investor sentiment was weakened by the U.S.'s additional 25% tariffs on Indian goods becoming effective from Wednesday, raising concerns over trade and corporate earnings outlook. Persistent foreign institutional investor outflows further weighed on the market, while weakness in banking and IT stocks dragged the indices lower.
