The BSE Sensex gained 409.83 points, or 0.51%, to close at 80,567.71, while the NSE Nifty 50 advanced by 134.45 points, or 0.55%, to settle at 24,715.05.
This uptrend was largely supported by strong performances from metal and pharma stocks. Adding to the overall optimism, the GST Council meeting kicked off, with investors expecting potential changes to India’s indirect tax structure, which could pave the way for long-term economic growth.
Moreover, India’s services sector showed remarkable growth, reaching a 15-year high in August, supported by robust international demand. The HSBC India Services PMI surged to 62.9 in August, up from 60.5 in July, reflecting an ongoing expansion in the sector.
The broader indices also ended on a positive note, with the Nifty Midcap 100 and Nifty Smallcap closing higher by 0.69% and 0.89%, respectively. This indicates that the gains weren’t just restricted to large-cap stocks, but were broad-based across the market.
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Impact on the stock market
Sector-wise performance
Sector performance was mixed, with some sectors driving gains while others lagged behind. The Nifty Metal index emerged as the top performer, surging by 3.11%, followed by the Nifty Pharma index, which rose by 1.10%. The PSU Bank sector also saw solid gains, climbing by 1.03%.
However, not all sectors performed well. The Nifty IT index dropped by 0.74%, and the Nifty Media sector saw a slight decline of 0.04%. These drops could be attributed to profit-booking, especially in the IT sector, after a recent period of growth.
| Sector/Index | Performance |
| IT & BPM sector | -0.74% |
| Healthcare sector | 1.08% |
| Oil & Gas sector | 0.24% |
| Real estate sector | 0.39% |
| PSU Bank in India | 1.03% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Tata Steel | 167.85 | 5.97 |
| Hindalco | 742.95 | 3.05 |
| JSW Steel | 1,072.20 | 2.70 |
| Coal India | 389.80 | 2.55 |
| IndusInd Bank | 768.10 | 2.25 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Infosys | 1,479.10 | -1.31 |
| HDFC Life | 776.45 | -0.80 |
| Nestle | 1,193.20 | -0.64 |
| NTPCÂ | 334.25 | -0.61 |
| HULÂ | 2,664.70 | -0.46 |
Market aftermath: Impact on stocks
Kalyan Jewellers shares rise 2% after report says Warburg eyes stake in Candere
Kalyan Jewellers saw its shares rise by 2% on September 3, 2025, following reports that private equity firm Warburg Pincus is in discussions to buy a 10% stake in the company’s lifestyle brand Candere. The deal is expected to be worth between ₹800-850 crore. Warburg Pincus, which had been a long-term investor in Kalyan Jewellers, exited the company in 2024 but now looks to re-enter through Candere. The company plans to use the proceeds from this investment to expand its brand presence. Following the rise, Kalyan Jewellers shares traded at ₹511.75, up 0.6% after a brief gain.
Also read: Kalyan Jewellers India Limited – Company Details you should know
Prataap Snacks shares jump 3% after report says new owners exploring exit options
Shares of Prataap Snacks surged by 3% after news broke that key shareholders, including Authum Investments and Madhusudan Kela’s family, are exploring exit options. They have reached out to major competitors like Haldiram, DFM Foods, and ITC, as well as private equity funds. This comes months after they bought a controlling stake in Prataap Snacks from Peak XV Partners (formerly Sequoia Capital). Despite the growth stagnation seen recently, the stake sale could trigger an open offer for an additional 26% stake. Prataap Snacks shares jumped 8% in the last five days but are down 6% in the last six months.
Netweb Tech shares rise 9% as firm gets ₹1,734-crore order to supply servers based on Nvidia chip
Netweb Technologies saw a 9% rise in its stock on September 3, 2025, after it secured an order worth ₹1,734 crore to supply servers based on Nvidia’s Blackwell architecture. The company will execute this strategic order between FY26-Q4 and FY27-H1. This deal is of national importance, aiming to enhance India’s AI compute capabilities as part of the IndiaAI Mission. This will support India’s ambitions to become an AI superpower, creating a major impact on multiple industry sectors. The stock hit ₹2,471 per share following the news.
Crude oil market news
Crude oil futures traded lower on September 3, 2025, despite US sanctions on companies involved in transporting Iranian oil.
At 9:58 AM, Brent oil for November was priced at $68.94, down by 0.29%, and WTI crude oil for October was at $65.42, down by 0.26%.
On the Multi Commodity Exchange (MCX), September crude oil futures were trading at ₹5,766, a 0.35% drop, while October crude oil futures were at ₹5,734, down by 0.47%.
The US Treasury Department imposed sanctions on an international network of companies involved in transporting Iranian oil, falsely labeled as Iraqi crude. Despite this, the market remains cautious ahead of the OPEC+ meeting on September 7, 2025, where investors expect no major changes to output.
Conclusion
The Indian stock market ended September 3, 2025, on a high note, with broad-based gains across key sectors like metal and pharma, along with positive data on the services sector. Tata Steel, Titan, and M&M stood out in sectoral performances, while Infosys and Hindustan Unilever lagged behind.
The day also saw some notable stock movements from Kalyan Jewellers, Prataap Snacks, and Netweb Technologies, with developments such as stake sales, new contracts, and strategic orders.
Crude oil prices took a dip despite the ongoing geopolitical tensions in the Middle East, with market participants awaiting OPEC+’s decision next week.
As India’s economy continues to show resilience, driven by services and manufacturing, the stock market seems poised for more growth. Investors should stay informed on sectoral developments, particularly in metal, pharma, and AI, which continue to fuel the market’s positive outlook.
For more stock market insights, check out the StockGro blog.
