Daily Market Commentary : The Nifty50 closed with marginal gains, ending at 24,773, up 0.1% by Siddhartha Khemka, Motilal Oswal Financial Services Ltd
Below the Quote on Daily Market Commentary for 08th September, 2025 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd
On Monday, the Nifty50 closed with marginal gains, ending at 24,773, up 0.1%. The index opened on a firm note, supported by positive global cues, domestic policy reforms, and encouraging remarks from U.S. President Donald Trump about India. However, selling pressure emerged in the final hour of trading. Meanwhile, the Nifty Midcap100 and Smallcap100 indices rose 0.5% and 0.1%, respectively. On the sectoral front, Nifty Auto outperformed with a strong 3.3% gain, driven by price cuts announced by auto companies following the GST Council’s decision to lower taxes on vehicles. In contrast, Nifty IT fell 0.9% amid concerns over slower U.S. economic growth, while Energy stocks experienced profit-taking after last week’s rally. The Nifty India Defence index rebounded over 0.5%, snapping a two-day losing streak, as defence stocks rallied on optimism following the Defence Ministry’s recent announcement of a 15-year modernisation plan. On the macroeconomic front, weak U.S. employment data has heightened expectations of a 25 basis point rate cut by the Federal Reserve later this month. This helped lift global commodity prices, supporting a 0.4% gain in the Nifty Metal index. Investors remain focused on the upcoming Fed interest rate decision amid ongoing concerns over global trade tensions and softer U.S. GDP data. Looking ahead, the market is expected to maintain a positive trajectory, supported by GST rate cuts benefiting key sectors and the potential Fed rate cut.
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