Mumbai, Sept. 4 -- GIFT Nifty:

GIFT Nifty September 2025 futures were trading 53 points higher in early trade, suggesting a positive opening for the Nifty 50.

GST Reforms:

The GST Council approved the significant rate cuts on several essential items. Effective from Septemeber 22nd, the new rates aim to boost consumption by shifting to a two-slab structure of 5% and 18%, abolishing the 12% and 28% rates. A special 40% GST slab has been introduced for super luxury and sin goods.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs 1,666.46 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 2,495.33 crore in the Indian equity market on 23 July 2025, provisional data showed.

Ac...