Stock Market 16-09-2025 Highlights: Market Rally Continues; Sensex and Nifty Close Higher as Auto, Media, and Realty Lead Gains

Market Close: Indian equity markets ended well. As on September 16, Nifty was up above 25,200, and Sensex was up almost 595 points higher to 82,380.69. Approximately, 2,294 shares had risen, 1,470 had fallen, and 131 had no change.BSE Midcap and Smallcap indices were up by 0.6% each. Sectoral indices recorded a positive outcome except FMCG, with auto, realty, and telecom recording a positive gain of about 1 percent each. The best performing Nifty stocks were Kotak Mahindra Bank, L&T, Maruti Suzuki, Bharti Airtel, and Tata Steel. In the meantime, Asian Paints, Bajaj Finance, Nestle, Tata Consumer, and Shriram Finance were...

The Central Board of Indirect Taxes and Customs (CBIC) has provided an important clarification regarding GST on insurance. Individual life and health insurance policies purchased for personal use, either for oneself or for family members, are exempt from Goods and Services Tax (GST).

However, this relief does not apply to group insurance policies. That means if you are covered under a corporate or employer-provided insurance plan, GST will still be charged. This move is expected to benefit individuals directly paying for their own policies, but corporate and institutional coverage remains taxable under current rules.

Starting September 22, services such as salons, gyms, spas, and yoga classes will come under a mandatory 5% GST slab without the benefit of input tax credit (ITC).

This change, announced by the Central Board of Indirect Taxes and Customs (CBIC), replaces the earlier option where these services could choose to pay 18% GST with ITC.

The new rule aims to simplify tax compliance for small service providers but means they cannot claim ITC on their purchases. Consumers and businesses alike should prepare for this shift as it impacts pricing and taxation in the wellness and beauty sectors.

Five IPOs Cleared By SEBI:

• Orkla India

• Hero Motors

• Pine Labs

• Canara HSBC Life Insurance

• Canara Robeco AMC

IPOs Of 2025:

• Total Number: 49

• Below IPO Price: 8

• 100% Returns: 3

• 50–100% Returns: 9

• Single Digit Returns: 17

Primary Market Interest:

• Urban Co — Size: ₹1,900 Cr, Subscription: 109x

• Dev Accelerator — Size: ₹143 Cr, Subscription: 64x

• Shringar House Of Mangalsutra — Size: ₹401 Cr, Subscription: 60x

IPOs In The Pipeline:

• Hero Fincorp — Size: ₹3,668 Cr

• LG Electronics — Size: ₹10,000 Cr

• Prestige Hospitality — Size: ₹2,700 Cr

• Physicawallah — Size: ₹3,820 Cr

• Anand Rathi Shares — Size: ₹745 Cr

• Sensex: 81,896.64 points

  • Up by 110.90 points

  • Increase of 0.14 percent

• Nifty: 25,104.55 points

  • Up by 35.35 points

  • Increase of 0.14 percent

Both the Sensex and Nifty showed modest gains today, rising by 0.14%. Market sentiment remains cautiously positive as investors monitor global cues and domestic economic data.