Last week, Indian benchmarks remained largely range-bound. The Nifty ended marginally higher by ~6.7 points at 24,741 — securing a weekly gain of about 1% — while the Sensex slipped slightly to 80,710.76.
The U.S. labor softness strengthens speculation that the Fed will initiate rate cuts starting mid-September—reportedly planning two or three cuts this year.
On September 5, 2025, Indian Oil Corporation (IOC), the nation’s top state refiner, discontinued its purchase of U.S. crude oil in its latest tender.
For the fiscal year ending March 2025, Apple’s sales in India surged to a record $9 billion—a 13 % leap from the prior year’s $8 billion. iPhones were the primary driver, with MacBook demand also climbing strongly. This momentum comes amid a plateauing global device market and uncertainties in China.
On September 4, 2025, ADP reported only 54,000 net private-sector jobs added in August—well below the ~73,000 forecast.
On September 4, 2025, India witnessed a landmark reform as the GST Council, under Finance Minister Nirmala Sitharaman, completed what Prime Minister Modi had promised on Independence Day: a sweeping overhaul of the GST regime with an estimated fiscal impact of ₹48,000 crore.
On 3rd September 2025, the GST Council reportedly approved a reduction in GST for footwear and apparel priced up to ₹2,500, bringing the rate down to 5%, up from the previous threshold of just ₹1,000. Alongside this, the Council is simplifying the GST structure by eliminating the 12% and 28% slabs, consolidating most items into 5% and 18% categories.
On September 3, 2025, U.S.-based high-frequency trading firm Jane Street filed a legal case with India’s Securities Appellate Tribunal (SAT), challenging an interim order issued by India's market watchdog, SEBI. The tribunal adjudicates appeals against SEBI's regulatory decisions.
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