After opening the day higher, the benchmark indices continued their upward momentum and ended the session in green.

Indian equity market indices Senex and Nifty pared early gains on Thursday amid the expiry of Sensex F&O contracts, but still closed higher, supported by strength in consumption-led sectors like Auto and FMCG, as investors cheered the GST reforms announced a day earlier by Finance Minister Nirmala Sitharaman.

At the closing bell, the BSE Sensex closed higher by 150 points (up 0.3%).

Meanwhile, the NSE Nifty closed 19 points higher (up 0.1%).

M&M, Trent, and Bajaj Finance are among the top gainers today.

Maruti Suzuki, Bharat Elec, and HCL Tech, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,827, higher by 15 points at the time of writing.

The BSE MidCap index ended 0.6% lower, and the BSE SmallCap index ended 0.6% lower.

Sectoral indices are trading mixed today, with stocks in the auto sector and banking sector witnessing buying. Meanwhile, stocks in the oil & gas sector and the power sector witnessed selling pressure.

The rupee is trading at Rs 88.0 against the US$.

Gold prices for the latest contract on MCX are trading 0.7% lower at Rs 106,366 per 10 grams.

Meanwhile, silver prices were trading 0.8% lower at Rs 124,810 per 1 kg.
 

GHV Infra Soars on Big Order Win

In the news from the infrastructure sector, shares if GHV Infra rose 2.4% after two new developments. First, the company received a Letter of Intent (LOI) from GHV (India) Private Limited for engineering and construction of the Integrated Redevelopment of Railway Station of South Eastern Railway, in Jharkhand.

According to the contract, the Rs 1.2 billion (bn) project must be completed within three years of its start date.

BSE approved GHV Infra's bonus issue of 4.32 crore shares in a 3:2 ratio, meaning shareholders will receive 3 bonus shares for every 2 shares held.

The company fixed the record date for bonus shares as 16 September 2025.

GHV Infra Projects offers comprehensive solutions in sectors like transportation, energy, and industrial infrastructure, providing end-to-end services from engineering to operations.
 

Cement Stocks Soar on GST Cut

Moving on to the news from cement sector, Cement stocks surged on 4 September after the GST Council cut the tax rate on cement from 28% to 18%, boosting industry outlook. Shares of major cement companies like Ultratech Cement, Ambuja Cements, ACC and Shree Cement rose between 2-3%.

The GST cut will benefit real estate and infrastructure by reducing construction costs, potentially making homes more affordable and boosting housing demand.

The GST rate on cement is being cut from 28% to 18%, will be effective from 22 September 2025. This change applies to various types of cement, including Portland, aluminous, slag, and super sulphate cements.

Lower retail cement prices due to the lighter tax burden may encourage more institutional and retail buyers to purchase cement.
 

Solarium Green Energy Surges on Deals

Moving on to the news renewable energy sector, shares of Solarium Green Energy surged 5% after two significant updates.

First, Care Ratings gave the company a credit rating of CARE BBB- with a Stable outlook for its long-term bank loans worth Rs 0.5 bn. Additionally, for a mix of long-term and short-term bank loans totalling Rs 0.47 bn, the company received a CARE BBB-Stable / CARE A3 rating.

Another development is that the company, through its labs, Armament Research & Development Establishment (ARDE) and Defence Institute of High-Altitude Research (DIHAR), signed a Licensing Agreement for Transfer of Technology (LAToT) with the Defence Research & Development Organisation (DRDO).

Solarium Green Energy will manufacture and sell a solar thermal system for heating shelters in cold conditions in India. This technology, developed by DIHAR, has been tested in Ladakh for three winters and can replace diesel-based heating methods.
 

Promoters Infuse Funds for JFSL Growth

Moving on to the news from the finance sector, Jio Financial Services Ltd has received Rs 39.6 bn from its promoter group companies, Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd, to fund its expansion plans.

After receiving Rs 39.6 bn, the company's Board of Directors granted 50 crore warrants for cash at a price of Rs 316.50 each to members of the promoter group, Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd, according to a regulatory filing by JFSL.

The company received Rs 39.6 bn in subscription money, which was 25% of the warrant issue price of Rs 316.50 per unit.

In July, the JFSL board authorised a Rs 158.3 bn infusion of funds through the preferential issuance of convertible warrants to promoter group members.

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