Markets snap 3-day rally: Sensex declines 500 pts, Nifty down 0.5% on profit booking; Adani stocks buck trend

Sensex, Nifty see profit-booking in September 19 trade.

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26 Aug, 2025 12:21

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The equity benchmark indices Sensex and Nifty fell over half a percent on Friday, snapping a three-day winning run, as investors booked profits in select heavyweights.

The selling pressure intensified by noon amid weak cues from IT and realty counters. Market sentiment was also impacted after the US administration withdrew the sanctions waiver granted to India for developing the Chabahar port in Iran.

At 12:10 pm, the Sensex declined 501.82 points or 0.6 percent to 82,512.14, while the broader Nifty slipped 129.85 points or 0.51 percent to 25,293.75. About 1,792 shares advanced, 1,811 declined and 153 remained unchanged.

Among sectoral indices, IT, FMCG, private banks and consumer durables fell up to 1 percent.

The Bank Nifty index lost 0.56 percent to 55,411.55, ending its 12-session gaining streak. HDFC Bank, Titan, HCL Tech, ICICI Bank and Kotak Mahindra Bank were among the major laggards, declining up to 1.5 percent.

Adani Group stocks, however, bucked the trend. Shares of Adani Enterprises, Adani Power, Adani Green Energy and Adani Total Gas surged up to 10 percent after market regulator SEBI gave a clean chit to the conglomerate and its founder Gautam Adani in a stock manipulation case.

Pharma, PSU Bank and Oil & Gas were the only sectors trading in the green, rising up to 1.6 percent.

In the broader market, both midcap and smallcap indices stayed positive. The Nifty Midcap 100 edged up 0.07 percent, while the Nifty Smallcap 100 added 0.08 percent.

Vodafone Idea gained more than 9 percent after the Centre told the Supreme Court it was not opposing the company’s AGR plea. Earlier this month, the telco had challenged an additional AGR demand of Rs 9,450 crore by the Department of Telecommunications.

In the smallcap space, Redington rose over 9 percent to hit an intraday high of Rs 314.40 as iPhone 17 sales opened in India. The company is a key distributor of Apple products in the domestic market.

In Asia, Japan’s Nikkei and Hong Kong’s Hang Seng traded higher, while South Korea’s Kospi and Shanghai’s SSE Composite were in the red.