Surge in Indian Markets: Tata Steel Spearheads 6% Rally Amidst Metal Gains
On September 3, 2025, India’s benchmark stock indices witnessed a significant upturn. The Sensex soared by 410 points, closing at 80,567.71, while the Nifty 50 escalated by 135 points, settling at 24,715.05. Tata Steel, with a remarkable 6% surge, emerged as the top contributor to the Nifty 50’s gains.
The Nifty Metal index outperformed other sectors with a robust 3.11% gain. This was primarily driven by the anticipation of higher domestic steel prices and seasonal demand. Analysts at CLSA foresee a strengthening in steel prices due to China’s production restrictions under its “anti-involution” policy. This is expected to benefit Indian steel manufacturers like Tata Steel and Hindalco, which experienced gains of over 3%.
Further bolstering the market momentum were the expectations surrounding the ongoing GST Council meeting in Delhi. Decisions on tax rate cuts and structural simplifications are anticipated to stimulate consumption across sectors. Consequently, Auto and consumer stocks rose nearly 0.7% on these expectations. The broader market indices also participated in the rally, with mid-cap and small-cap stocks gaining 0.7% and 0.9% respectively.
Source: BizzBuzz News