Nifty settles under 25,800, Sensex falls on profit-booking as bears lead charge

Nifty gave up the 25,800 level in trade as bears hammered the index.

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26 Aug, 2025 12:21

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After swinging between gains and losses, Nifty 50 and Sensex settled on a muted noted as investors took some profits off the table on October 31.

At close, the Sensex was down 465.75 points or 0.55 percent at 83,938.71, and the Nifty was down 155.75 points or 0.60 percent at 25,722.10. About 1,731 shares advanced, 2,240 shares declined, and 138 shares were unchanged.

PSU Banks were the sole sectoral outlier, jumping 1.3 percent despite the muted market sentiment. The Oil & Gas index also eked out gains, to settle 0.07 percent higher. Meanwhile, all other sectoral indices closed with losses. The Media index fell 1.3 percent, leading the laggards, while the metal index also closed one percent down. FMCG, IT, pharma counters also slipped, reflecting broad-based selling pressure.

Vinod Nair, Head of Research, Geojit Investments said investors booked profits amid mixed corporate earnings and cautious global sentiment in the backdrop of a strong greenback. Most sectors closed in the red, pressured by renewed FII selling which have turned cautious after Powell’s hawkish statement and US-China trade development did not meet expectations.

"However, PSU banks outperformed on expectations of increased FDI limits and better Q2 results. After a strong rally, the markets are on a profit booking mode as a large part of the economic developments are factored in. Buy on dips is expected to stay as a trading strategy as optimism remain solid on a QoQ basis," he added.

Price action suggests that while bulls have temporarily lost momentum, the broader structure remains intact as long as Nifty sustains above 25,660. "A decisive close below this level could trigger further downside toward 25,400–25,250, whereas a rebound and sustained move above 26,000 will likely reestablish bullish momentum, paving the way for a move toward 26,150–26,300," said Ponmudi R, CEO of Enrich Money.

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