Stock Market Update: Sensex Rises 150 Points, Nifty Approaches 24,650; Eternal Gains 1%

Equity Markets Edge Higher Ahead of GST Council Meet.

Benchmark indices opened on a firm note Tuesday as investors awaited the outcome of the two-day GST Council meeting beginning September 3, where key tax reform proposals are expected.

The BSE Sensex climbed 155 points to 80,520 in early trade, while the NSE Nifty50 rose 28 points to 24,653. Reliance Industries led the gains on the Sensex, advancing 1.4% to ₹1,372.

Market participants are also watching the first weekly expiry of NSE contracts under the revised settlement framework, while Sensex options will now expire on Thursdays.

Adding to the mix, U.S. President Donald Trump claimed India has offered to reduce tariffs on American goods to “nothing,” a move he said was long overdue. The remark comes amid ongoing trade tensions following Washington’s steep tariff hikes on Indian exports.

Globally, focus remains on economic data releases — U.S. ISM Manufacturing and S&P Global PMI prints, along with Eurozone inflation numbers. Asian equities traded mostly higher: Japan’s Nikkei 225 gained 0.31%, South Korea’s Kospi rose 0.45%, and China’s Shanghai Composite added 0.04%, though Australia’s S&P/ASX 200 slipped 0.41%.

Wall Street remained closed overnight for the Labor Day holiday.