Introduction
The Stock Market 8 September session turned out to be a tale of contrasts. Investors walked into the week with optimism, as global cues and domestic reforms hinted at a possible breakout rally. The day began on a strong note with auto and metal stocks charging ahead, lifted by expectations of GST benefits and festive season demand. However, this bullish tone was met with resistance from IT and FMCG stocks, which dragged indices back into a narrow range.
This push-and-pull left benchmark indices almost flat by the closing bell, masking the underlying action happening across broader markets. If the frontline indices looked subdued, the real story was in autos hitting multi-year highs, power counters buzzing, and smallcaps steadily climbing, reflecting confidence among retail investors.
Index Performance on Stock Market 8 September
The indices ended the day with slim gains, showing resilience despite profit booking.
| Index | Closing Level | Change | % Change |
|---|---|---|---|
| NIFTY 50 | 24,782.20 | +41.20 | +0.17% |
| SENSEX | 80,845.92 | +135.16 | +0.17% |
| Nifty Bank | 54,222.30 | +107.75 | +0.20% |
| Nifty IT | 34,357.25 | -278.60 | -0.80% |
| BSE SmallCap | 52,946.79 | +194.48 | +0.37% |
Top Gainers on Stock Market 8 September
- Cohance Lifesciences – +9.76% (₹1012.95)
Heavy trading volume and sector momentum drove the stock higher. - Gujarat Mineral – +5.92% (₹539.15)
Benefited from government incentives; scaled a 10-year high. - Bharat Forge – +5.82% (₹1202.8)
Land acquisition news boosted sentiment; saw strong institutional buying. - Ashok Leyland – +4.99% (₹137.29)
Auto sector tailwinds pushed the stock to a 10-year high. - Jaiprakash Power – +4.98% (₹20.02)
Power demand optimism kept the stock buzzing with fresh highs.
Top Losers on Stock Market 8 September
- Amber Enterprises – -4.11% (₹7473)
Correction after recent strong run. - EID Parry – -4.09% (₹1067.3)
Weakness in sugar sector dampened investor mood. - Trent – -3.85% (₹5315.5)
Witnessed institutional selling after sharp gains. - Godfrey Phillips – -3.76% (₹10657)
Tax burden concerns hit sentiment. - Coromandel – -3.22% (₹2185.2)
Dragged by margin pressure in the fertilizer space.
Summary Table of Top Gainers & Losers – Stock Market 8 September
| Top Gainers | % Change | LTP (₹) | Key Driver |
|---|---|---|---|
| Cohance Lifesciences | +9.76% | 1012.95 | Strong volumes |
| Gujarat Mineral | +5.92% | 539.15 | Incentive boost |
| Bharat Forge | +5.82% | 1202.8 | Land acquisition |
| Ashok Leyland | +4.99% | 137.29 | Auto momentum |
| Jaiprakash Power | +4.98% | 20.02 | Power demand |
| Top Losers | % Change | LTP (₹) | Key Pressure |
|---|---|---|---|
| Amber Enterprises | -4.11% | 7473 | Profit booking |
| EID Parry | -4.09% | 1067.3 | Weak sugar cycle |
| Trent | -3.85% | 5315.5 | Institutional sell |
| Godfrey Phillips | -3.76% | 10657 | Tax burden |
| Coromandel | -3.22% | 2185.2 | Margin pressure |
Why Was the Stock Market Flat Today?
Despite early momentum, the Stock Market 8 September ended almost flat as sectoral rotations balanced the indices.
- Autos & Metals Strong: Anticipation of festive demand, GST-linked optimism, and positive global cues kept stocks like Ashok Leyland and Bharat Forge soaring.
- IT Weakness: Tech giants came under pressure, with the Nifty IT index slipping 0.80%, capping broader market gains.
- Profit-Taking: Intraday highs attracted profit-booking, especially in large-cap counters, preventing a strong rally.
- Broader Market Outperformance: Smallcaps and midcaps stayed in the green, highlighting retail investor appetite.
- Global Backdrop: While Fed rate cut hopes provided comfort, investors stayed cautious ahead of global inflation and policy signals.
Conclusion: Stock Market 8 September
The Stock Market 8 September proved that even a flat close can mask powerful undercurrents. Autos and metals delivered strong breakouts, hinting at sustained sectoral strength, while IT stocks reminded investors that caution is still warranted. Broader markets outshone frontline indices, showing that opportunities lie beyond the usual heavyweights.
As we move deeper into September, attention will shift to GST Council outcomes, global rate-cut signals, and festive season demand cues. For traders and long-term investors alike, the coming days could be crucial in deciding whether the market sustains its resilience or gives way to volatility.
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