Overview

• Benchmark indices notched a sixth straight advance, with the Sensex closing at 82,000.71 and the Nifty at 25,083.75.
• Sentiment improved after a Group of Ministers backed moving to dual GST rates of 5% and 18%, viewed as a step toward simplifying taxes.
• Gains were concentrated in financials and pharmaceuticals, whereas mid- and small-cap gauges underperformed on profit-taking.
• SEBI chair Tuhin Kanta Pandey’s remarks on longer-tenure equity derivatives and a pre-IPO information platform coincided with selling in exchange and broker stocks, including a near 7% intraday drop in BSE.
• Traders looked to Jackson Hole for rate-cut cues, while stock-specific moves included Jupiter Wagons rising over 5% on a Rs 215 crore Vande Bharat wheelset order, Ola Electric sliding about 7% after a recent rally, and Nazara Tech extending losses on Online Gaming Bill risks.