Stock Market Today: Nifty at 24,550, Sensex Reclaims 80,200 on Banking, IT Boost

Overview

• Indian stock market rallied strongly with Sensex reclaiming 80,200 and Nifty surging to 24,550, led by banking and IT stocks.

• Ola Electric jumped 7% to Rs. 58.01 while CG Power gained analyst backing with a target of Rs. 1,044.

• Domestic Institutional Investors invested over Rs. 5 lakh crore in 2025, reinforcing market stability despite global trade tensions and rupee weakness.

Indian stock market today, on September 1, 2025, displayed strength. Nifty 50 index surged over 100 points to trade around the 24,550 level. BSE Sensex also participated in the rally, climbing approximately 320 points to reclaim the crucial 80,200 mark. This upward momentum comes as a welcome relief after recent market volatility and reflects growing investor optimism following India's strong GDP performance. Let’s see the performance of different sectors and stocks at press time, based on Moneycontrol Live market data. 

Sectoral Highlights

The banking sector emerged as the primary driver, with the Nifty Bank index advancing nearly half a percent toward the 54,000 level. It has recovered after witnessing a correction of over 2,000 points in the previous five trading sessions.

Technology stocks also contributed positively to the gains of the stock market today. Major IT companies, including TCS, Infosys, Wipro, and Tech Mahindra were among the session's gainers, providing a boost to the technology-heavy indices. The broader market segments showed strength, with both Nifty Smallcap and Nifty Midcap indices outperforming the benchmark indices. Nifty Midcap 100 index was up around 700 points.

Ola Electric Shares Surge 7% 

Ola Electric share price surged 7% to touch an intraday high of Rs. 58.01, according to a Mint report. The stock has now gained approximately 20% over the past five trading sessions and 40% over the past month. This surge follows the company's recent Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio, which is expected to enhance margins and profitability.

CG Power Shares Receives Analyst Backing

CG Power, part of the Murugappa Group, attracted attention after Morgan Stanley initiated coverage with an ‘overweight’ rating for the stock, as reported by The Economic Times. The brokerage set a base case price target of Rs. 799, implying a 15% upside potential. Meanwhile, their bull case target of Rs. 1,044 suggests a 50% upside possibility. Notably, the stock has delivered an astronomical 2,700% return over the past five years.

Also Read: CG Power Share Price Jumps 4.61% to Rs. 694.60 After Semiconductor Facility Launch

Corporate Developments Drive Stock Movements

Several companies witnessed notable price movements following corporate announcements:

• CNBC TV 18 reported that Axiscades shares jumped 3.27% on September 1, 2025. The hike came after its subsidiary secured an order worth Rs. 150 crore for 600 SU-30MKI aircraft upgrades from DRDO.

• Adani Power stock and Torrent Power gained momentum following their joint $3.7 billion project win from Madhya Pradesh, according to a Bloomberg report. The win is for ultra-supercritical thermal power plants.

• According to Business Today, Sterlite Tech shares declined 8% following an unfavorable US court verdict involving a $96.5 million claim.

Lock-in Period Expiry Creates Focus

Premier Energies became a focal point as its one-year shareholder lock-in period concluded today, as per TradinView news. The move has freed up shares worth over Rs. 18,000 crore for trading. Approximately 185.2 crore shares, representing 41% of the company's outstanding equity, became available for trade.

Vikran Engineering IPO Allotment

Vikran Engineering’s Rs. 772-crore IPO was subscribed 24 times between August 26-29 at a price band of Rs. 92-97 per share. The Economic Times reported that the stock will see allotments finalized on September 1, with shares ready to list on September 3. Investors can check their allotment status via the registrar Bigshare Services, BSE, or NSE portals using their PAN or application number.

Institutional Investment Patterns

Domestic Institutional Investors (DIIs) continued their strong support for Indian markets, having already invested over Rs. 5 lakh crore in equities during 2025. This is the second consecutive year that DIIs have crossed this milestone, with four months still remaining in the year. Their consistent buying has been instrumental in providing stability and absorbing foreign selling pressure.

Global Factors and Currency Impact

The Indian rupee faced challenges during the session, emerging as one of the weaker performers among emerging market currencies. This weakness stems partly from concerns over potential Trump tariff impacts and global trade tensions.

Tariff Concerns Remain in Focus

Although Trump tariff-driven volatility has calmed since April’s ‘Liberation Day’ market shock, risks remain. Reuters reported that the US has struck preliminary trade agreements with the UK and EU, but tensions with economies like India linger. Traders are also monitoring whether the temporary US-China tariff extension becomes permanent or if Trump will reintroduce steep duties on Chinese imports, which could once again disrupt global supply chains.

US Dollar Moves Sideways

US dollar traded largely sideways in the stock market today. Investors await key US labor market data that could shape expectations for the Federal Reserve’s upcoming rate cut. August 29 inflation report, along with a court ruling deeming many of Trump’s tariffs illegal, added to the uncertainty. The greenback inched 0.1% higher against the yen to 147.20, while the euro traded at $1.1693 and sterling at $1.3510. US markets remained closed for the holiday session.

Also Read: Tesla Stock Price Holds at $345.98 Amid Global Sales Decline and AI Hopes

Market Outlook and Key Levels

The positive performance of Indian stock market today has restored some confidence among market participants, although the sustainability of this momentum remains the key question. The banking sector's recovery is encouraging, but broader sectoral participation will be key for maintaining the upward trajectory.

Technical analysts are closely watching key resistance levels around 24,600-24,650 for Nifty. Meanwhile, support for the index is expected around 24,450-24,500. A decisive break above resistance could signal renewed bullish momentum for the markets. Investors should look out for global cues, Trump tariff updates, and individual stock updates before making any financial decisions.

FAQs

1. Why did the Indian stock market rally on September 1, 2025?

The rally was fueled by banking sector recovery, IT stock gains, and strong midcap outperformance. Renewed investor confidence, robust GDP growth, and strong institutional support helped the Sensex reclaim 80,200 and Nifty cross 24,550.

2. Which sectors drove the market gains today?

Banking stocks led the charge after a steep correction, contributing significantly to the rally. IT stocks like Infosys and TCS joined the recovery, while midcap and smallcap indices outperformed, showing strong retail and institutional buying interest.

3. Why did Ola Electric shares surge by 7%?

Ola Electric extended its upward momentum after receiving PLI certification for its Gen 3 scooters, which is expected to boost profitability. The stock has gained 40% in a month, reflecting strong investor enthusiasm.

4. What is the outlook for CG Power after analyst coverage?

CG Power attracted fresh interest as Morgan Stanley gave an "overweight" rating with a base case target of Rs. 799 and a bull case target of Rs. 1,044, signaling strong long-term upside potential.

5. How are domestic institutional investors (DIIs) influencing the market?

DIIs have already invested over Rs. 5 lakh crore in 2025, the second consecutive year crossing this milestone. Their consistent buying has provided stability, offsetting foreign selling, and fueling confidence in India’s equity markets.