The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading higher by 124 points at 24,960, indicating that the domestic benchmark indices are likely to make a positive start on Thursday.

Earlier on Wednesday, 3 September, Domestic benchmark indices S&P BSE Sensex surged by 410 points or 0.51%, and settled at 80,568 while the Nifty50 traded 0.55% higher or 135 points, closing at 24,715.

Here are some stocks that are likely to remain in focus on 4 September.

Auto Companies: Auto majors like Maruti Suzuki, M&M, and Tata Motors will remain in the spotlight after GST on smaller cars (below 1200 cc) was cut to 18% from 28%. Two-wheeler makers such as Bajaj Auto and TVS Motor will also be in focus as GST on bikes under 350 cc dropped to 18%. Eicher Motors, which makes Royal Enfield bikes above 350 cc, will also see investor interest.

ITC: Investors will watch ITC’s reaction to the revised GST regime. While FMCG products will benefit, cigarettes will continue to attract 40% GST. Chairman & MD Sanjiv Puri said ITC is scaling up investments in FMCG and agriculture, adding that the government’s GST simplification push could fuel consumption. The conglomerate has committed ₹20,000 crore in fresh capex to expand FMCG, strengthen agriculture linkages, and scale paperboard operations.

BHEL: Bharat Heavy Electricals Ltd (BHEL) accepted a Letter of Intent from MB Power, Madhya Pradesh, to supply boiler, turbine, and generator for the 800 MW Anuppur Thermal Power Project. In an exchange filing, BHEL said the order is valued at about ₹2,600 crore, excluding GST, and covers auxiliaries, controls, and instrumentation in addition to core equipment.

Insurance Shares: Shares of life and health insurers such as HDFC Life Insurance, SBI Life Insurance, and Niva Bupa will stay in focus on September 4 after the GST Council, in a late-night decision on Wednesday, exempted individual life and health insurance from GST. The council also removed GST on reinsurance costs.

Prestige Estates Projects: The company’s subsidiary, Prestige Office Ventures has has received a show cause notice from the Directorate General of Goods & Services Tax Intelligence, Hyderabad for a total of Rs 160.82 crore. 

Poly Medicure: Poly Medicure signed definitive agreements to acquire a 90% stake in the PendraCare Group, comprising PendraCare Holdings and Wellinq Medical from Wellinq Holdings B.V. at an enterprise value of €18.3 million. The company will acquire the remaining 10% stake in 2030, based on actual EBITDA for CY 2029. PendraCare specializes in cardiology catheter solutions.

Food Delivery Stock: Food delivery platforms Zomato and Swiggy are experimenting with higher platform fees in select markets, adjusting charges based on demand patterns. Since October 2024, both charged a flat ₹10 levy, but Zomato is now testing ₹12 and Swiggy ₹12.70 in certain locations.

Sharika Enterprises: Sharika Enterprises (SEL) secured a repeat order from JSW Steel to install 220kV Extra High Voltage (EHV) cables at its Dolvi plant in Maharashtra. This marks the second order from the plant, after SEL successfully completed a previous 4 km-long 220kV EHV cable installation, testing, and commissioning project.

Agriculture Stocks: Agriculture-related stocks will attract attention as the GST Council slashed tax on tractors, harvesters, threshers, soil preparation machinery, fodder balers, grass sowing equipment, hay movers, composting machines, and similar equipment to 5% from 12%.

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