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Indian equity indices recovered smartly from the day’s low to end flat in a volatile session on September 5.
At close, the Sensex was down 7.25 points or 0.01 percent at 80,710.76, and the Nifty was up 6.70 points or 0.03 percent at 24,741.00. About 2081 shares advanced, 1828 shares declined, and 152 shares remained unchanged.
On the sectoral front, realty, FMCG, IT indices are down 1 percent each, while the auto index is up 1.3 percent, and the media, metal up 0.5 percent each.
M&M, Eicher Motors, Maruti Suzuki, Dr Reddy’s Laboratories, and Power Grid are among the major gainers on the Nifty, while losers are ITC, TCS, Cipla, and HCL Technologies, Cipla.
Among the broader market indices, the BSE Midcap and Smallcap indices are trading flat.
STOCKS TODAY
Indus Towers
The shares of Indus Towers surged 4.12 percent on September 5 after the latest data on NSE showed that promoter Bharti Airtel bought nearly 68.76 lakh shares of the company between August 25 and September 1 in five tranches through open market operations.
Ola Electric
The shares of Ola Electric Mobility tumbled over 7 percent on September 5 after SoftBank offloaded a 2 percent stake in the EV scooter-maker through open market transactions in less than two months, reducing its shareholding in the company to 15.68 percent.
Vodafone Idea
The shares of Vodafone Idea went up almost 10 percent amid a surge in trading volumes. The shares of the telecom giant were locked at the upper circuit at Rs 7.27 apiece, extending gains for the third consecutive session. The shares have gained nearly 11 percent in the past five days, and over 5 percent in the past month. The stock, however, has declined 7.5 percent in the past six months, and more than 9 percent in 2025 so far.
Swiggy
The shares have increased 3.77 percent due to the changes in the Goods and Services Tax (GST) framework, which have posed a benefit to a series of consumer plays, food delivery, and quick commerce players. Based on the latest changes, Eternal and Swiggy will have to pay 18 percent GST on delivery charges collected from customers. However, brokerages believe the impact of this additional GST will be negligible.
Source – Money Control