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Mphasis leads IT surge, Ola & Ather soar, EMS stocks jump as investors cheer GDP growth and SCO summit outcomes
Mphasis leads IT surge, Ola & Ather soar, EMS stocks jump as investors cheer GDP growth and SCO summit outcomes
Written by - Fisdom Research
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September 1, 2025
2 minutes
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Market Snapshot
Benchmark indices ended higher with the Sensex gaining 555 points and the Nifty closing above the 24,600 mark.
Strong Q1 GDP data was a key driver of market sentiment, providing a boost to investor confidence.
The Indian economy grew 7.8% in April–June (Q1 FY26), the fastest pace in five quarters.
Growth comfortably beat the RBI’s projection of 6.5% and the 6.6% median estimate from a Moneycontrol poll.
The latest GDP print was also stronger than 7.4% in Q4 FY25 and 6.5% in Q1 FY25, highlighting momentum in economic activity.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY AUTO
2.8
NIFTY OIL & GAS
1.4
NIFTY CONSUMER DURABLES
2.1
NIFTY PSU BANK
1.1
NIFTY METAL
1.6
NIFTY REALTY
1.0
NIFTY IT
1.6
NIFTY PRIVATE BANK
0.8
Top News
IT stocks gained 1–2% on September 1, with all Nifty IT constituents in the green, led by Mphasis after Morgan Stanley upgraded its rating and target price.
EV two-wheeler makers Ola Electric and Ather Energy surged over 14% each, driven by optimism from the SCO summit in China and expectations of GST reforms boosting demand.
Electronic Manufacturing Services (EMS) stocks rallied as Prime Minister Modi’s SCO summit visit to China eased supply chain concerns and improved investor sentiment despite global tariff headwinds.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BAJAJ-AUTO
4.0
SUNPHARMA
-1.9
M&M
3.5
ITC
-1.0
HEROMOTOCO
3.2
HINDUNILVR
-0.6
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,300
24,500
Bank Nifty
53,500
54,500
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