Sensex Recovers 671 Points From Day’s Low, Nifty Above 24,700; Metal Rally Fuels Market Rebound

Mumbai, 3 Sept, 2025 – The domestic equity benchmarks extended their intraday recovery on Wednesday. The Sensex rose 409 points (0.51%) to 80,567, while the Nifty gained 135.45 points (0.55%) to 24,715. From the day’s low of 80,004, the Sensex rebounded over 671 points. Nifty’s day’s low was at 24,533.

During the session, the Sensex swung between a high of 80,487.22 and a low of 80,004.60. It had opened the day at 80,295.99, slightly above the previous close of 80,157.88.

The Nifty Metal index surged 3.11% to 9,676 at 3:30 pm, making it the top sectoral gainer. Tata Steel climbed 5.96%, SAIL 5.26%, Jindal Steel & Power 5.47%, and Hindustan Copper 4.71%. The rally was supported by China’s supply curbs and a weaker dollar.

GST Optimism Buoys Consumption Plays

The 56th Goods and Services Tax (GST) Council meeting, presided over by Finance Minister Nirmala Sitharaman, initiated deliberations today on far-reaching “next-gen GST” changes to rationalise rates, simplify compliance for small units, and deal with duty inversion in key sectors like textiles. And so Investor sentiment firmed due to the GST Council’s 56th meeting, fueling hopes of tax relief on consumer goods. FMCG, auto, pharma, and consumer durables traded strongly through the afternoon.

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