Russian President Vladimir Putin has instructed his government to implement measures aimed at reducing the trade imbalance with India.
This decision comes in response to India’s significant imports of heavy crude oil from Russia. The directive highlights the importance of balancing trade relations between the two countries to ensure mutual economic benefits.
https://www.newsbytesapp.com/news/business/putin-orders-steps-to-soften-russia-india-trade-imbalance/story
New Delhi: The National Consumer Helpline (NCH) has been receiving complaints related to the implementation of GST 2.0 by retailers and e-commerce platforms. According to the government, a major share of these grievances pertain to milk pricing, followed by electronics goods, LPG, and petrol.
A significant number of consumers approached the NCH with the belief that, following the GST reform, milk companies were required to reduce the prices of fresh milk. Consumers complained that milk companies were continuing to charge pre-reform prices, thereby denying them the benefits of the reduced GST rate. However, after examining the issue, the Central Consumer Protection Authority (CCPA) clarified that fresh milk is already exempt from GST. The recent GST rate reforms have also exempted ultra-high temperature (UHT) milk.
Another substantial category of complaints related to electronic goods purchased through e-commerce websites. Consumers raised grievances stating that laptops, refrigerators, washing machines, and other consumer durables bought online were still being charged at pre-reform GST rates, with no benefit from the tax reduction passed on to them. Upon analysis, the CCPA revealed that the GST rate was reduced from 28% to 18% on TVs, monitors, dishwashing machines, and air conditioners as part of the recent reforms. Goods such as laptops, refrigerators, and washing machines were already taxed at 18%.
A third cluster of grievances concerned domestic LPG cylinders. Consumers reported that the prices of LPG had not decreased following the reforms. CCPA clarified that domestic LPG continues to attract a GST rate of 5%, and there has been no change in the applicable GST rate for household domestic consumers.
Additionally, some complaints emerged related to petrol prices. Many consumers alleged that petrol prices had not fallen post-reform. The CCPA categorically clarified that petrol is outside the purview of GST. The Ministry of Consumer Affairs stated, “Consumers’ expectation of lower petrol prices reflects a misunderstanding of the scope of GST reforms, rather than any non-compliance by retailers or oil companies.”
Since the launch of the Next-Generation GST Reforms 2025, the NCH has received a total of 3,981 GST-related cases, comprising 31% queries and 69% grievances. These grievances have been escalated to the concerned brand owners and e-commerce entities for prompt action. Furthermore, the CCPA has initiated a detailed review of these grievances to consider initiating class action whenever necessary.
Out of the total complaints, 1,992 GST-related grievances have been forwarded to the Central Board of Indirect Taxes and Customs (CBIC) for appropriate action, while 761 grievances have been referred in real-time to the concerned companies for resolution.
The broader message emerging from this initial week of GST-related grievance reporting is that consumers are actively and enthusiastically participating in the grievance redressal system. This reflects growing awareness and trust in the institutional mechanisms established by the Department of Consumer Affairs.
*Disclaimer: This story is from a syndicated feed. Nothing has changed except the headline.*
https://www.freepressjournal.in/business/national-consumer-helpline-receives-gst-related-complaints-about-milk-pricing-electronic-goods-lpg-petrol
**National Consumer Helpline Receives Complaints on GST 2.0 Implementation; Major Grievances on Milk Pricing and Electronics**
New Delhi: As the National Consumer Helpline (NCH) addresses complaints related to the implementation of GST 2.0 by retailers and e-commerce platforms, the government reports that a significant portion of grievances concern milk pricing, followed by electronic goods, LPG, and petrol.
A large number of consumers approached the NCH believing that, following the GST reform, milk companies were required to reduce the prices of fresh milk. They complained that companies were still charging pre-reform prices, thereby denying consumers the benefits of the reduced GST rate. However, after a thorough examination, the Central Consumer Protection Authority (CCPA) clarified that fresh milk is already exempt from GST. Additionally, the recent GST reforms have extended exemption to ultra-high temperature (UHT) milk as well.
Another prominent category of complaints involved electronic goods purchased through e-commerce websites. Consumers raised concerns that items such as laptops, refrigerators, washing machines, and other consumer durables were still being charged at pre-reform GST rates, and that the tax reduction benefits were not being passed on to them. The CCPA’s analysis revealed that the GST rate on TVs, monitors, dishwashing machines, and air conditioners was reduced from 28% to 18% under the GST reforms. Meanwhile, goods such as laptops, refrigerators, and washing machines have already been taxed at 18%.
A third set of grievances related to domestic LPG cylinders. Consumers reported that LPG prices had not decreased following the reforms. The CCPA clarified that the GST rate on domestic LPG remains unchanged at 5%, with no reductions applicable for household consumers.
Further complaints emerged regarding petrol prices, with many consumers alleging that petrol costs had not fallen after the reforms. The CCPA categorically clarified that petrol is outside the GST framework. “Consumers’ expectation of lower petrol prices reflects a misunderstanding of the scope of GST reforms, rather than any non-compliance by retailers or oil companies,” stated the Ministry of Consumer Affairs.
Since the rollout of the Next-Generation GST Reforms 2025, the NCH has received a total of 3,981 GST-related dockets, comprising 31% queries and 69% grievances. These grievances have been escalated to the pertinent brand owners and e-commerce entities for prompt resolution. Furthermore, the CCPA has initiated a detailed review of these complaints to consider class action suits where necessary.
Out of the total complaints, 1,992 GST-related grievances have been forwarded to the Central Board of Indirect Taxes and Customs (CBIC) for further action. Meanwhile, 761 grievances have been referred in real-time to the relevant companies for resolution.
The broad takeaway from this initial week of GST-related complaints is that consumers are actively engaging with the grievance redressal system. This engagement reflects growing consumer awareness and trust in the institutional mechanisms established by the Department of Consumer Affairs.
*Disclaimer: This story is from a syndicated feed. No changes have been made except to the headline.*
https://www.freepressjournal.in/business/national-consumer-helpline-receives-gst-related-complaints-about-milk-pricing-electronic-goods-lpg-petrol
**New Mexico Lawmakers Act Swiftly to Support Food Assistance and Rural Health Care Amid Federal Cuts**
SANTA FE, N.M. (AP) — New Mexico lawmakers moved quickly Thursday during a special legislative session to bolster funding for food assistance and rural health care services. This comes in response to federal spending cuts on Medicaid and nutrition programs under President Donald Trump’s administration.
The Democratic-led Legislature sent a bill to Gov. Michelle Lujan Grisham that allocates over $16 million to sustain food assistance through the Supplemental Nutrition Assistance Program (SNAP) and to strengthen food banks. This action addresses federal changes that end SNAP eligibility for many noncitizens and alter benefit calculations for others.
“We need to act to make sure that New Mexicans don’t go hungry with SNAP changes at the federal level,” said Democratic state Sen. George Muñoz of Gallup.
An additional $50 million is designated to support medical services at rural health clinics and hospitals, which often rely heavily on Medicaid funding.
### Opposition from Republicans
Republicans in the legislative minority unanimously opposed the spending provisions. They argued that significant federal changes to Medicaid are still a few years away and emphasized the need for New Mexico to focus on reducing errors in benefit distribution instead.
However, both Democrats and some Republican legislators voted in favor of backfilling subsidies for health insurance on New Mexico’s Affordable Health Care Exchange if federal credits were allowed to expire. These federal subsidies have been a major sticking point in the ongoing budget standoff in Washington, which led to a government shutdown Wednesday.
### Temporary Measures Amid Long-Term Cuts
Many federal health care changes under Trump’s major bill will not take effect until 2027 or beyond. Democratic lawmakers in New Mexico acknowledged that their recent bills serve only as temporary measures.
“Some of the most significant federal cuts are delayed a few years, and these are deeply significant,” said state Rep. Nathan Small of Las Cruces, the lead sponsor of the spending bill. “I want to make sure that we’re all thinking of, not hundreds of millions, but billions of dollars of reduced Medicaid support to our state.”
Gov. Michelle Lujan Grisham, a Democrat, supports key provisions of the bills and holds the authority to veto any spending measures.
Trump’s bill has prompted urgent responses in several Democratic-led states, including New Mexico, while Republican-led states have so far taken a different approach.
### Funding for Food Assistance
New Mexico lawmakers approved a swift infusion of state funds to support food assistance for elderly SNAP recipients. Nearly one in four residents in New Mexico receive food assistance through SNAP, making it a critical resource to combat hunger.
Under the bill, food banks across the state will receive an $8 million increase in direct state support. Additionally, $2 million is allocated to replenishing food pantries in universities and public schools.
The federal bill expands work and reporting requirements for SNAP participants, terminates eligibility for many noncitizens, and changes how benefits are calculated.
### Rural Health Care Concerns
Trump’s bill sets aside $50 billion over five years for rural hospitals, providers, and clinics but these funds may not fully offset significant cuts.
The situation is particularly pressing in New Mexico, where approximately 38% of residents rely on Medicaid. Both Republican and Democratic lawmakers warn of a looming rural health care crisis as the state struggles to retain medical professionals and keep clinics and hospitals operational.
State Sen. Pat Woods, a Republican from New Mexico’s sparsely populated eastern plains, co-sponsored changes to rural health care grants aimed at sustaining existing services at rural clinics and hospitals.
“We’re trying to figure out a way to fund and keep some of these clinics open. What’s going to happen in the future? Who the hell knows,” Woods told a panel of lawmakers. “What I worry about is keeping these clinics and hospitals open until the dust settles.”
The bill passed the House with a vote of 64-3 and was sent to the governor for consideration.
### Insurance Subsidies and Public Broadcasting Funding
Legislators also approved setting aside $17 million to ensure that health insurance subsidies on New Mexico’s Affordable Care Act exchange do not lapse. This effort extends insurance subsidies to middle-income residents whose earnings equal or exceed 400% of the federal poverty level — roughly $128,000 annually for a family of four.
Democratic state Sen. Carrie Hamblen of Las Cruces emphasized that these subsidies are crucial to prevent a “perfect storm” of unaffordability. She warned that rising insurance rates could reduce participation in the exchange and exacerbate coverage gaps.
State health officials have indicated that tens of thousands of residents could drop their insurance coverage if exchange rates increase in 2026.
Separately, the legislature approved $6 million in state funding for public broadcasting stations, including $430,000 for five tribal stations severely impacted by Congress and President Trump’s defunding of the Corporation for Public Broadcasting.
Approved federal grants for these stations for the current federal budget year were rescinded under a bill signed by President Trump in July.
—
*This legislative session underscores New Mexico’s proactive approach to safeguarding vulnerable populations amid federal funding uncertainties.*
https://mymotherlode.com/news/national/10024690/new-mexico-legislature-approves-bills-to-prop-up-rural-health-care-underwrite-food-assistance.html
The first day of the federal government shutdown saw Republicans and Democrats trading blame, as iconic sites across the United States (US) — from the Liberty Bell in Pennsylvania to Pearl Harbor in Hawaii — were temporarily closed, news agency AP reported.
Vice-President JD Vance appeared at the White House briefing room to assert that Democrats had refused to keep the government funded because they were seeking to extend health coverage to people in the country illegally. This claim was disputed by top leaders of the Opposition, who argued that their sole aim was to renew funding for health care subsidies under the Affordable Care Act to prevent insurance premiums from rising nationwide, AP reported.
Neither side showed signs of compromise, raising concerns that the economic impact of the shutdown could grow, putting hundreds of thousands of jobs and essential services at risk.
Callers to the White House comment line heard a recorded message from Press Secretary Karoline Leavitt blaming Democrats for shutting down the government to prioritise healthcare for illegal immigrants over American citizens, AP reported. Several federal agencies also posted messages on their websites echoing this claim.
In a controversial move, the White House additionally revived a deepfake video of House Democratic leader Hakeem Jeffries, edited with a moustache and sombrero, which Jeffries described as offensive. He responded with a meme mocking Vice-President Vance.
The Vice-President admitted that he could not predict the shutdown’s duration but hoped some moderate Senate Democrats would vote with Republicans to restore funding. “If this thing drags on for another few days, or God forbid weeks, we are going to have to lay people off,” said Vance.
Meanwhile, Senate Democratic leader Chuck Schumer accused the Trump administration of using the American public as pawns. “Donald Trump says it loud and clear: He is threatening pain on the country as blackmail,” Schumer said.
An estimated 750,000 federal workers are expected to be furloughed, with some potentially facing permanent job losses. Many offices have been shuttered as the administration seeks to pressure Democrats, though key policy priorities — including deportation measures — continue with minimal disruption.
The Trump administration has also withheld funds for projects in Democratic states, including nearly USD 18 billion for New York City transport projects and almost USD 8 billion in green energy initiatives across 16 states.
The US shutdown has partially disrupted public services, with national parks and memorials closed to tourists. At Acadia National Park in Maine, visitors found trail maps missing and rangers absent, leaving them uncertain about hiking.
“It’s frustrating that they’re playing politics in D.C.,” said visitor Jim Feather, adding, “Their job is to pass a budget. If they’re not doing their job, what are they doing down there?”
Federal courts and essential services like weather forecasting remain operational, but the US shutdown is beginning to affect everyday life and tourism nationwide.
**How Much Will I Earn in an Hour? Understanding a $58,000 Yearly Salary**
You might have asked yourself this question after seeing a job posting: *How much will I earn hourly?* You may also wonder how this translates to daily, weekly, biweekly, or monthly earnings. Understanding these figures can help you plan your financial life smartly, especially if you are paid based on hours worked or need to manage overtime.
In this article, we’ll break down how much a $58,000 yearly salary is worth across various pay periods, outline typical tax deductions, and share useful tips on living comfortably on this income. Let’s get started!
—
### $58,000 a Year Is How Much an Hour?
A $58,000 annual income translates to about **$27.88 or $28 per hour**.
Here’s how we calculate this:
– A standard workweek involves 40 hours (5 days × 8 hours/day)
– There are 52 workweeks in a year
**Total working hours in a year:**
40 hours/week × 52 weeks = **2,080 hours**
Now, divide the yearly salary by total working hours:
$58,000 ÷ 2,080 = **$27.88/hour**
If you work part-time, say 4 hours a day (half the time of a full-time schedule), your yearly pay would be halved to $29,000. You would then work about 1,040 hours yearly (4 hours/day × 5 days/week × 52 weeks). Even in this case, your hourly wage remains the same:
$29,000 ÷ 1,040 = **$27.88/hour**
—
### $58,000 a Year Is How Much After Taxes?
On a $58,000 yearly salary, you can expect to take home between **$45,138 and $48,035 after taxes**, depending on factors like:
– State of residence
– Civil status
– Federal and state tax brackets
– Other government deductions (Social Security, Medicare)
Example:
– In **California** (highest state tax), $58,000 gross becomes about $45,138 after taxes.
– In **Texas** (no state income tax), total taxes are around $9,965, leaving a net income of about $48,035.
For part-time workers earning $29,000 gross:
– California taxes approximately $4,742 → net income $24,258
– Texas taxes approximately $3,939 → net income $25,061
—
### $58,000 a Year Is How Much per Month?
A $58,000 annual salary gives you a **gross monthly income of about $4,833**:
$58,000 ÷ 12 months = **$4,833.33/month**
After taxes:
– California residents take home about **$3,761/month** (taxes approx. $1,072)
– Texas residents take home about **$4,003/month** (taxes approx. $830)
Part-time monthly gross pay would be approximately $2,416.50, with after-tax income around:
– California: $2,021
– Texas: $2,088
—
### $58,000 a Year Is How Much per Week?
Your weekly gross income on a $58,000 salary is:
$58,000 ÷ 52 weeks = **$1,115.38/week**
After taxes:
– California net weekly income: about **$868** (taxes $247)
– Texas net weekly income: about **$923** (taxes $192)
For part-time workers, weekly gross pay is roughly $558, with net income:
– California: $467
– Texas: $482
—
### $58,000 a Year Is How Much Biweekly?
Calculate biweekly pay by multiplying weekly pay by two:
$1,115 × 2 = **$2,230 biweekly gross**
After taxes for full-time:
– California take-home: approx. $1,736 (taxes $494)
– Texas take-home: approx. $1,847 (taxes $383)
Part-time biweekly gross is $1,115, with net pay:
– California: $868
– Texas: $923
—
### $58,000 a Year Is How Much per Day?
Based on the hourly rate of $28:
$28/hour × 8 hours/day = **$224 gross daily income**
After tax deductions:
– California: about $174 net per day (taxes ~$50)
– Texas: about $185 net per day (taxes ~$39)
For part-time working 4 hours/day ($112 gross):
– California net daily pay: $94 (taxes $18)
– Texas net daily pay: $97 (taxes $15)
—
### Tips for Living on $58,000 a Year
1. **Saving**
Aim to save 10%-15% of your salary monthly (about $483). This builds an emergency fund. Consider cashback apps like Rakuten, MyPoints, or Fetch Rewards to maximize savings.
2. **Investing**
Put 10%-15% of your income into stocks, real estate crowdfunding, peer-to-peer lending, or other investments. Platforms like M1 Finance, EstateGuru, and Mintos are good starting points.
3. **Avoiding Debt**
Avoid high-interest loans and borrowing whenever possible. Debt can quickly erode your earnings.
4. **Budgeting**
Create and stick to a budget. Allocate portions of your income toward essentials, savings, and entertainment to maintain control over spending.
5. **Cutting Expenses**
Ensure monthly expenses are covered before spending on entertainment or subscriptions. Consider using apps like Trim to manage subscriptions and save on bills.
6. **Engaging in Side Hustles**
Supplement your income with online surveys (Swagbucks, InboxDollars, Survey Junkie), pet sitting (Rover), freelancing (Fiverr, Upwork), selling items online, data entry, gaming, or gig economy jobs like DoorDash and Instacart.
—
### What Jobs Pay $58,000 a Year?
Several jobs offer around $58,000 annually, including:
– Real Estate Investment Trust Acquisition Analyst ($52,000 – $69,000)
– Copy Editor ($46,000 – $62,000)
– Restaurant Manager ($46,391 – $67,997)
– Dining Room Manager (~$58,980)
– Commercial Sales Consultant ($54,425 – $77,423)
– Social Media Digital Manager ($55,117 – $71,177)
– Internet and Floor Sales Associate (~$60,000)
Some roles may require experience to reach this salary level.
—
### Is $58,000 a Year a Good Salary?
Yes, $58,000 is considered a good salary, especially in states with tax rates between 15%-20% or lower. It supports living alone comfortably. However, raising a family on this income can be challenging, requiring careful budgeting and expense management.
—
### Can You Live on $58,000 a Year?
You can live on $58,000 per year, but lifestyle depends greatly on your location. Living expenses and taxes in high-cost states like New York or Washington may consume much of your income. Follow the tips above to optimize your finances.
—
### Frequently Asked Questions
**$58,000 a Year Is How Much an Hour?**
Approximately $28 per hour for full-time work.
**How Much Will I Take Home if I Earn $58,000?**
After average taxes (~25%), about $43,500 net income.
**What Is the Tax on $58,000 a Year?**
Varies by state. For example:
– New York: ~$13,040
– New Mexico: ~$12,218
– Texas (no state income tax): ~$9,965
**Is $58,000 a Year Considered Middle Class?**
Yes, according to Pew Research Center, middle-class income ranges from $46,000 to $126,000.
—
### Conclusion
Earning $58,000 per year (or about $28 per hour) allows for a comfortable lifestyle if you are mindful of taxes, living costs, and expenses. Living in states with low or no income tax will stretch your salary further.
By budgeting wisely, saving consistently, investing, and exploring additional income streams, you can maximize this salary and achieve your financial goals.
Take the first step today to better manage your income and secure your financial future!
—
**Related Articles:**
– Understanding Income in Different Pay Periods
– How to Budget on a Variable Income
– Maximizing Your Earnings Through Side Hustles
https://radicalfire.com/58000-a-year-is-how-much-an-hour/
Nifty index opened on a flattish note around the 24,620 zone, with bulls taking charge right from the opening tick, maintaining momentum throughout the session. Supported by the RBI policy outcome, a wave of short covering further fueled the rally, enabling the index to break its nine-day losing streak. Nifty smoothly crossed and held above key hurdles at 24,750-24,800, eventually forming a large bullish candle on the daily chart.
This move negated the sequence of lower highs and lower lows seen over the past nine sessions, with the index closing the day with strong gains of 225 points. Now, it needs to hold above the 24,750 zone for an up move towards 25,000, followed by 25,100 levels. On the downside, support is shifting higher to 24,750 and then 24,600.
**Option Front Analysis:**
– Maximum Call Open Interest (OI) is at 25,000 and 24,900 strikes
– Maximum Put OI is at 24,600 and 24,700 strikes
– Call writing observed at 24,950 and 25,000 strikes
– Put writing noted at 24,700 and 24,600 strikes
Option data suggests a broader trading range between 24,300 to 25,300, with an immediate range between 24,600 and 25,100.
—
S&P BSE Sensex opened on a steady note around the 81,170 zone. Bulls seized control from the start, keeping momentum strong throughout the session. The RBI policy announcement acted as a trigger for short covering, propelling the rally and ending the recent losing streak.
The index comfortably crossed and sustained above key hurdles at 80,500 and 81,000, forming a large bullish candle on the daily chart. This rebound negated the sequence of lower highs and lower lows that had persisted recently. Sensex closed the day with robust gains of nearly 700 points.
The index now needs to hold above the 80,600 zone for an upward move towards 81,200 and then 81,500 levels. On the downside, support is rising to 80,600 and then 80,300.
—
**Bank Nifty** opened flat but witnessed strong buying momentum after the RBI monetary policy outcome, extending gains toward the 55,400 zone late in the session. It formed a large bullish candle on the daily scale, with strong buying seen across private banks.
The Bank Nifty closed near 55,350 with decent gains of around 700 points. This rate-sensitive index is now above its 50-day exponential moving average (DEMA) and is relatively outperforming the broader market.
Key levels to watch:
– Support at 55,000 and 54,750
– Upside targets at 55,750 and 56,000
—
**Nifty Futures:**
Nifty futures closed positive with gains of 0.83% at 24,982 levels.
Positive setups were seen in stocks like Shriram Finance, Piramal Pharma, LTF, Nykaa, SRF, Sun Pharma, APL Apollo, GMR Airport, AB Capital, and ONGC.
Weakness was observed in Delhivery, Cummins India, AU Bank, Bajaj Auto, Tata Steel, Max Health, Infosys, Tata Elxsi, Petronet, and Ultratech Cement.
—
### SWSOLAR – Technical Call of the Day
The stock has been trading sideways since early August and witnessed a downward trajectory from the last week of September. However, it has respected its April lows and managed to close above those levels, as highlighted by the trend line on the chart.
In the past two sessions, volumes have picked up, supported by positive RSI divergence visible on daily charts, reflecting a strong bounce back from oversold zones. With a healthy order book, the risk-reward ratio looks favorable for SWSOLAR.
**Recommendation:**
– Buy SWSOLAR
– Current Market Price (CMP): 244.95
– Stop Loss (SL): 223.25
– Target (TGT): 270.70
—
### Top 5 Stocks to Watch Out for on 3rd October 2025
**Lemon Tree Hotels:**
Lemon Tree Hotels announced the signing of its latest property, Keys Select by Lemon Tree Hotels, Haridwar, featuring 52 well-appointed rooms, a restaurant, conference hall, and recreational facilities including a fitness center. This signing will expand the company’s leisure portfolio in Uttarakhand, where they already have 8 operational and 9 upcoming properties.
**KRBL:**
KRBL has been declared the successful bidder in an e-auction conducted by the Justice (Retd.) R.M. Lodha Committee for immovable properties situated in Panipat, Haryana. The reserve price was Rs 104 crore, while KRBL’s final bid stood at Rs 402 crore. The acquisition aims at setting up a plant, warehousing, allied activities, or partial monetization of land.
**Zydus Lifesciences:**
Zydus Lifesciences’ wholly owned subsidiary Sentynl Therapeutics, Inc. has received a Complete Response Letter (CRL) from the USFDA regarding its New Drug Application (NDA) for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients. The CRL mainly requests clarification on CGMP inspection of Zydus’ manufacturing site. No safety or efficacy issues were raised. The company has submitted compliance responses and is awaiting further updates while planning to meet the USFDA for resubmission discussions.
**Unimech Aerospace:**
In its business update for Q2 FY26, Unimech Aerospace reported a revenue slowdown, with Q2 expected to be marginally lower than Q1 due to US tariffs impacting export realizations. Customers are delaying order pickups while monitoring tariff developments, putting pressure on quarterly profits. Given these headwinds, achieving full-year FY26 revenue guidance may be challenging.
**Maruti Suzuki:**
Maruti Suzuki sold 1,89,665 units in September 2025, matching estimates. Exports surged 52% YoY to 42,204 units, hitting a record, while domestic sales fell 6.3%. Production rose 26% YoY to 2.01 lakh units, driven by strong passenger vehicle output. The company highlighted record festive demand, with 1,65,000 deliveries in the first eight days of Navratri, and daily bookings up 50% after recent price cuts. Exports in H1 FY26 crossed 2.1 lakh units, including over 6,000 EVs shipped in August–September.
—
*Image Credits: [File Image]*
https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-october-3
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https://www.ft.com/content/3cdbd3b7-1373-4d8e-ae6f-a465117bc4b2
Nifty index opened on a flattish note around the 24,620 zone, but the bulls took charge right from the opening tick, maintaining momentum throughout the session. Supported by the RBI policy outcome, a wave of short covering further fueled the rally, enabling the index to break its nine-day losing streak. Nifty smoothly crossed and held above key hurdles of 24,750-24,800, eventually forming a large bullish candle on the daily chart.
This move negated the sequence of lower highs and lower lows seen over the past nine sessions, with the index closing the day with strong gains of 225 points. Now, it needs to hold above the 24,750 zone for an upward move towards 25,000, then 25,100 zones. On the downside, support is shifting higher to 24,750, then 24,600 levels.
**Option Front**
Maximum Call Open Interest (OI) is seen at 25,000 followed by 24,900 strike, while Maximum Put OI is at 24,600 and 24,700 strike. Call writing is observed at 24,950 and 25,000 strikes, whereas Put writing is seen at 24,700 and 24,600 strikes. Option data suggests a broader trading range between 24,300 and 25,300 zones, with an immediate range between 24,600 and 25,100 levels.
—
S&P BSE Sensex opened on a steady note around the 81,170 zone. Bulls awakened early and seized control from the start, keeping momentum strong throughout the session. The RBI policy announcement acted as a trigger for short covering, propelling the rally and ending the recent losing streak.
The index comfortably crossed and sustained above critical hurdles of 80,500 and 81,000, eventually forming a large bullish candle on the daily chart. This rebound negated the recent sequence of lower highs and lower lows, with Sensex closing robustly, up nearly 700 points.
Going forward, it must hold above the 80,600 zone to target 81,200 and then 81,500 levels. Support is shifting higher at 80,600 and 80,300 levels on the downside.
—
Bank Nifty opened on a flattish note but witnessed strong buying momentum following the RBI monetary policy outcome. The index extended momentum toward the 55,400 zone later in the session. It formed a large bullish candle on the daily scale, driven by strong buying across private banks, and closed with decent gains of around 700 points near 55,350.
The rate-sensitive index is now above its 50-day exponential moving average (DEMA) and is outperforming the broader market. It needs to hold above the 55,000 zone for an upward move toward 55,750 and then 56,000, with support seen at 55,000 and 54,750 levels on the downside.
—
**Nifty Futures**
Nifty futures closed positive with gains of 0.83% at 24,982 levels. Stocks showing a positive setup include Shriram Finance, Piramal Pharma, LTF, Nykaa, SRF, Sun Pharma, APL Apollo, GMR Airport, AB Capital, and ONGC. On the other hand, weakness was observed in Delhivery, Cummins India, AU Bank, Bajaj Auto, Tata Steel, Max Health, Infosys, Tata Elxsi, Petronet, and Ultratech Cement.
—
### SWSOLAR – Technical Call of the Day
SWSOLAR has been trading sideways since early August but witnessed a downward trajectory from the last week of September. However, it has respected its April lows and managed to close above those levels, as highlighted by the trend line in the chart.
In the past two sessions, volumes have picked up, supported by positive RSI divergence visible on daily charts. This reflects a strong bounce back from oversold zones. With a healthy order book, the risk-reward setup looks favorable for SWSOLAR.
**Trade Setup:**
**BUY** SWSOLAR
Current Market Price (CMP): 244.95
Stop Loss (SL): 223.25
Target (TGT): 270.70
—
### Top 5 Stocks to Watch Out For – 3rd Oct 2025
**Lemon Tree Hotels:**
Lemon Tree Hotels announced the signing of its latest property, Keys Select by Lemon Tree Hotels, Haridwar. The property features 52 well-appointed rooms, a restaurant, conference hall, and recreational facilities including a fitness center. This signing expands the company’s leisure portfolio in Uttarakhand, where they currently have 8 operational and 9 upcoming properties.
**KRBL:**
KRBL emerged as the successful bidder in the e-auction conducted by the Justice (Retd.) R.M. Lodha Committee for the sale of immovable properties situated in Panipat, Haryana. The total reserve price was Rs 104 crore, but KRBL made a final bid of Rs 402 crore. The acquisition aims to set up a plant, carry out warehousing and allied activities, or partially monetize the land.
**Zydus Lifesciences:**
Zydus Lifesciences’ wholly owned subsidiary, Sentynl Therapeutics, Inc., announced that the USFDA has issued a Complete Response Letter (CRL) regarding its New Drug Application (NDA) for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients. The CRL relates mainly to clarification on the CGMP inspection of Zydus’ manufacturing site. Zydus has submitted compliance responses and is awaiting the inspection report, with plans to meet the USFDA for resubmission discussions. Importantly, no safety or efficacy concerns were raised for the drug.
**Unimech Aerospace:**
The company shared its Q2FY26 business update, reporting a revenue slowdown with Q2 expected to be marginally lower than Q1. The decline is primarily due to U.S. tariffs impacting export realizations. Customers are delaying order pick-ups while monitoring the tariff situation, putting pressure on quarterly profits. Given these headwinds, achieving full-year FY26 revenue guidance may be challenging.
**Maruti Suzuki:**
Maruti Suzuki sold 1,89,665 units in September 2025, aligning with estimates. Exports hit a record 42,204 units, up 52% YoY, although domestic sales declined by 6.3%. Production rose 26% YoY to 2.01 lakh units, driven by strong passenger vehicle output. The company highlighted record festive demand, with 1,65,000 deliveries in the first eight days of Navratri and daily bookings up 50% following recent price cuts. Exports in H1FY26 crossed 2.1 lakh units, including over 6,000 EVs shipped in August–September.
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*Images referenced in the original report are available in the file archive.*
https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-october-3
The Modi government’s recent reductions in Goods and Services Tax (GST) slabs are poised to bring substantial benefits to the Indian economy, including increased revenue, higher sales, and accelerated job creation. Maharashtra Deputy Chief Minister Eknath Shinde highlighted these advantages during the GST Savings Festival event held in Mumbai’s Kalbadevi area.
**A Significant Step Towards Atmanirbhar Bharat**
Speaking at the event, Shinde emphasized that the GST reforms mark a significant stride towards realizing Prime Minister Narendra Modi’s vision of Atmanirbhar Bharat (Self-Reliant India). These reforms also align with the goal of fostering a Swadeshi (indigenous) economy, strengthening domestic industries and reducing dependence on imports.
**Simplified GST Structure**
Effective from September 22, 2025, coinciding with the festive occasion of Navratri, the GST reforms simplify the tax regime by consolidating most rates into just two slabs: 5% and 18%. The previous 12% and 28% categories have been removed for a majority of goods.
This overhaul impacts around 375 items, making everyday essentials such as soaps, toothpaste, Indian breads, electronics, automobiles, and even medicines more affordable for consumers. Additionally, the changes reduce compliance burdens for businesses.
A notable highlight of the reforms is the complete waiver of GST on medicines. Taxes on gyms, salons, yoga services, and man-made fibres have also been slashed from 18% to 5%, enhancing competitiveness in the textiles sector and boosting exports.
**Direct Impact on Consumers and Businesses**
During the GST Savings Festival, Shinde engaged with local traders in Kalbadevi, Mumbai’s bustling commercial hub, explaining the benefits of the GST rate cuts. He urged traders to pass on these savings to customers, emphasizing that reduced taxes will spur production, increase sales, and create employment opportunities.
“When taxes decrease, sales rise, production increases, and job creation gets a fillip. With GST on medicines fully removed and overall rates lowered, revenue will grow, giving momentum to the national economy,” Shinde told reporters.
**Driving Self-Reliance and Strengthening Defense**
Shinde linked these reforms to broader national objectives, particularly in reducing reliance on foreign equipment in the defense sector. “Domestic production of missiles and defense materials will become easier, marking a giant leap towards self-reliance,” he added.
He also praised GST’s role in elevating India’s global economic standing. Highlighting that India has advanced from the world’s 11th to 4th largest economy, Shinde expressed confidence in achieving third place soon and realizing a developed India by 2047.
**Engagement with Traders in Kalbadevi**
The event provided an opportunity for Shinde to interact with members of the historic Hindustan Chamber of Commerce, one of Kalbadevi’s oldest trader bodies. He reassured traders of the Maharashtra state government’s support in addressing any challenges related to GST implementation.
“If there are any issues with GST enforcement, the Maharashtra government will certainly address them,” Shinde affirmed.
**Notable Dignitaries in Attendance**
Prominent attendees included Member of Parliament Milind Deora, Shiv Sena’s Sushibai Shah, Hindustan Chamber of Commerce President Sushil Gadia, Ramkishor Dark, Mahendra Jain, Amrit Khevasara, Anurag Poddar, former MLA Raj Purohit, Shiv Sena’s Rajaram Deshmukh, and several local traders.
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These GST reforms pave the way for a more streamlined tax system, consumer-friendly pricing, and a robust economy aligned with the country’s vision for self-reliance and sustainable growth.
https://www.freepressjournal.in/mumbai/maharashyra-dycm-eknath-shinde-hails-gst-slab-cuts-as-boost-to-sales-jobs-and-atmanirbhar-bharat
