Pre-Market Report 04 Sept 2025 | Nifty, Bank Nifty, Sensex & GST Reform Impact
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
Indian stock market pre-market report for 04 Sept 2025. Nifty at 24,715, Bank Nifty at 54,067. Big GST reforms slash rates for autos, cement, FMCG, and insurance. Key stocks: GMDC, Manappuram, Oberoi Realty, CG Power.
📰 Pre-Market Report | 04 September 2025
Indian Stock Market Outlook: Nifty 24,715 | Bank Nifty 54,067 | Sensex 80,567 | Fin Nifty 25,732
🌐 Market Recap (03 Sept 2025)
Indian equities ended yesterday on a cautious but stable note, with indices moving in a consolidated pattern.
- Nifty 50 closed at 24,715.05, forming a balanced candle after two volatile sessions.
- Bank Nifty ended at 54,067.55, supported by select PSU banks while private lenders remained muted.
- Sensex settled at 80,567.71, reflecting resilience despite mixed global cues.
- Fin Nifty closed at 25,732.55, signaling that financial services remain steady even as volatility persists.
The market is now gearing up for a crucial session, with big macro announcements likely to act as a strong catalyst.
🌍 Global Cues & Gift Nifty
- US Markets: Wall Street closed mixed again, with Nasdaq higher (+0.6%) while Dow slipped (-0.2%) as tech buying offset worries on industrial slowdown.
- Crude Oil: Brent crude is steady near $75 per barrel, supported by supply discipline. Russia’s deeper discounts for India continue to provide an import cushion.
- Dollar & Bonds: US Dollar Index stable at 104, while US 10-year yields hover near 4.25%, keeping FIIs cautious.
- Asia: Nikkei trading positive, while Chinese markets remain weak due to property sector stress.
- Gift Nifty: Currently around 24,755 (+40 pts), indicating a slightly positive open for Indian equities today.
📰 Big Domestic Trigger – GST Reforms
India’s Finance Minister announced sweeping GST rationalization aimed at boosting consumption, reducing tax burdens, and supporting industries:
✅ Tax cuts in multiple sectors:
- Small Cars: Reduced to 18%.
- Motorcycles up to 350cc: Reduced to 18%.
- Air Conditioners, TVs, Dishwashers: Cut to 18%.
- Hair Oil, Soap, Toothbrush, Bicycles: At 5%.
- Cement: Slashed from 28% to 18%, huge relief for infra & realty.
- Agri Goods, Tractors, Soil Preparation Machines: At 5%.
- Life & Health Insurance: Exempted from GST.
- 33 Drugs & Medicines: Nil GST (cut from 12%).
🚨 However, carbonated & non-alcoholic beverages will attract a steep 40% GST, reflecting a focus on health taxation.
📊 Technical Outlook – Nifty, Bank Nifty & Sensex
Nifty 50 (24,715.05)
- Support Levels: 24,600 / 24,450.
- Resistance Levels: 24,850 / 25,000.
- Chart Pattern: Sideways consolidation continues; holding above 24,600 could bring momentum back.
Bank Nifty (54,067.55)
- Support Levels: 53,600 / 53,200.
- Resistance Levels: 54,500 / 55,000.
- View: Needs a breakout above 54,500 for further strength.
Sensex (80,567.71)
- Support Levels: 80,200 / 79,700.
- Resistance Levels: 81,200 / 81,500.
- View: Stable, driven by IT & auto stocks.
🏦 Sectoral Impact of GST Cuts
1. Auto Sector 🚘
- Positive for entry-level cars & motorcycles (≤350cc) as GST falls to 18%.
- Auto ancillary demand to rise; expect Maruti, Bajaj Auto, Hero MotoCorp, M&M to benefit.
2. Cement & Realty 🏗️
- Major positive trigger! GST on cement reduced from 28% → 18%.
- Likely to boost infra, housing, and commercial construction demand.
- Cement stocks (UltraTech, Shree Cement, ACC, Ambuja, Dalmia Bharat, Grasim) will be in focus.
3. FMCG 🧴
- GST on daily essentials (soap, hair oil, toothbrush, bicycles) slashed to 5%.
- Positive for companies like HUL, Dabur, Marico, Godrej Consumer.
4. Insurance & Pharma 💊
- Life & health insurance GST exemption → boosts premium affordability.
- 33 drugs moved to Nil GST → positive for pharma (Sun Pharma, Cipla, Lupin, Dr. Reddy’s).
5. Consumer Durables 📺
- GST cut on TVs, ACs, dishwashers → demand recovery expected in Voltas, Whirlpool, Havells, Dixon, Bluestar.
6. Negative Impact ⚠️
- Carbonated & non-alcoholic beverages @40% GST → negative for PepsiCo India, Coca Cola bottlers, Varun Beverages.
📌 Stocks to Keep on Radar
1. GMDC (CMP ₹459)
- Pattern: Trendline breakout with rising volumes.
- View: Looks strong for short-term momentum.
2. Manappuram Finance (CMP ₹287)
- Option Strategy: 300 CE @ 4.70.
- Stop Loss: Below ₹280.
- Target: ₹300–309.
- Note: Risky trade; small quantity advised.
3. Oberoi Realty (1680 CE @38)
- Holding Period: 2–3 days.
- View: Positive momentum seen in real estate on cement GST cut.
4. CG Power (CMP ₹733)
- Entry Zone: Wait for ₹690 levels.
- Target: ₹800.
- View: Attractive setup; breakout confirmation awaited.
🔑 Strategy for Today
- Focus sectors: Auto, Cement, FMCG, Insurance, Pharma.
- Buy on dips: Cement, realty, FMCG.
- Avoid/short: Carbonated beverages, sugar-linked names due to GST hike.
- Options trades: Select CE trades in auto & cement may deliver quick gains.
📌 Conclusion
The market enters today’s session with a big GST reform push — a direct positive for autos, cement, FMCG, pharma, and insurance. While Nifty is in consolidation, this policy move could act as a strong sentiment booster.
Short-term traders should keep a stock-specific approach, while long-term investors can accumulate on dips in cement, auto, and FMCG names that are structurally beneficiaries.
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Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
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