On Wednesday, September 4, Indian stock markets experienced a notable decline. The Sensex in Mumbai dropped by 202 points to 82,352, while the Nifty fell by 81 points to 25,198. Among the gainers were Asian Paints, Grasim Industries, HUL, Apollo Hospitals, and Sun Pharma. Conversely, Wipro, Coal India, ONGC, Hindalco Industries, and M&M faced losses.
FMCG, real estate, and pharma stocks were the only sectors to show gains, rising by up to 0.5%, whereas automobile, banking, energy, IT, and metals stocks declined by 0.4% to 1%. More than 250 companies, including Alkem Laboratories, Biocon, BLS International, Bombay Burmah, CCL Products, Colgate Palmolive, FDC, HPCL, JM Financial, Jubilant Ingrevia, Lupin, Marksans Pharma, Max Financial, Morepen Lab, NIIT, Piramal Pharma, and PNB Housing Finance, reached 52-week highs.
On the same day, gold prices in Chennai remained steady at Rs 6,670 per gram for 22-carat gold. A sovereign gold piece was priced at Rs 53,360, while silver prices decreased by Rs 1 to Rs 90 per gram. The price of bullion silver stood at Rs 90,000 per kg. GST of 3% is applicable on the purchase of gold and silver at any shop, with additional variations in commission and handling charges depending on the retailer.