Biggest Nifty losers included Adani Enterprises, Bharti Airtel, Shriram Finance, IndusInd Bank, M&M, while gainers were Titan Company, NTPC, Dr Reddy's Labs, HDFC Life, Bajaj Finserv. All the sectoral indices ended in the red with metal, realty, pharma, auto, private bank, consumer durables down 1-2 percent. BSE Midcap index fell 1.5 percent and smallcap index shed 1 percent.
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Closing Bell: Tariff worries worsen; Nifty sinks to 3-month low, Sensex down 765 pts
Biggest Nifty losers included Adani Enterprises, Bharti Airtel, Shriram Finance, IndusInd Bank, M&M, while gainers were Titan Company, NTPC, Dr Reddy's Labs, HDFC Life, Bajaj Finserv. All the sectoral indices ended in the red with metal, realty, pharma, auto, private bank, consumer durables down 1-2 percent. BSE Midcap index fell 1.5 percent and smallcap index shed 1 percent.
Market Close | Sensex down 765 points, Nifty below 24,400
Indian equity indices ended on a weak note with Nifty below 24,400 on August 8. At close, the Sensex was down 765.47 points or 0.95 percent at 79,857.79, and the Nifty was down 232.85 points or 0.95 percent at 24,363.30.
We wrap up today's edition of the Moneycontrol live market blog, and will be back Monday morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.
Shrikant Chouhan, Head Equity Research, Kotak Securities
Indian equity market remained weak this week amid news flow with respect to tariff announcement. The Indian market was impacted as the US government imposed an additional 25% penalty on top of 25% tariffs on Indian exports. BSE Sensex and BSE Nifty ended the week with negative returns. The BSE midcap and the BSE smallcap indices underperformed the larger peers and closed the week ~1-1.5% lower. On the sectoral front, autos and metals were key gainers, while healthcare, FMCG and realty were the major losers.
While the Q1FY26 earnings has broadly been in line with estimates, the outlook remained muted, resulting in continued cuts in earnings estimates. The RBI kept the repo rate unchanged at 5.5% after cumulative rate cuts of 100 bps in the last three policy meetings.
We now expect a prolonged pause, with additional rate cuts likely only if the growth outlook deteriorates or inflation surprises on the downside. FII’s continued their selling in the Indian equity markets and remained net sellers this week.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities
After witnessing a sustainable bounce back from the lows on Thursday, Nifty witnessed sharp selloff on Friday and closed the day lower by 232 points. Nifty opened on a downside gap of 52 points and started to show further weakness soon after the opening.
A long bear candle was formed on the daily chart that completely negated the bullish sentiment created on Thursday. A long negative candle has been formed on the weekly chart which is for the sixth consecutive weeks on the trot. The formation of long upper shadows in the last 4-5 weekly candles signal sell on every rise in the market.
The underlying trend of Nifty continues to be weak. The next lower levels to be watched around 24200-24000 by next week. However, any pullback up to the hurdle of 24500 could be a sell on rise opportunity.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Rupak De, Senior Technical Analyst at LKP Securities
The Nifty moved southward as it failed to sustain above the 50 EMA on the hourly chart, indicating prevailing selling pressure. Moreover, the index closed below the crucial support level of 24,400, highlighting the strength of the bears.
Sentiment was already tilted in favour of the bears, with the index forming a lower-top, lower-bottom pattern. The short-term trend remains weak, with potential downside towards 24,150–24,200. On the higher side, resistance is seen at 24,475–24,500.
Earnings Watch | Voltas Q1 net profit down 58% at Rs 140.6 crore versus Rs 334 crore, YoY
Dilip Parmar – Senior Research Analyst, HDFC Securities
The Indian rupee has been under pressure, experiencing its fifth weekly decline despite a three-day rally. This recent weakness is attributed to continued selling by foreign funds and the announcement of higher tariffs by the United States on Indian goods.
In the near term, the spot USDINR is expected to find support at the 86.50 level and face resistance at 87.80. The outlook is shaped by the ongoing trade tensions and capital flows.
Vinod Nair, Head of Research, Geojit Investments
The Indian equity market exhibited downward movement, closing at a three-month low amid growing concerns over the impact of U.S. tariffs on Indian exports. FIIs remained net sellers, intensifying the pressure on domestic indices. The pessimism was broad-based, with realty and metals bearing the biggest brunt.
Additionally, global financial institutions have begun revising India’s economic outlook downward, citing the adverse effects of the ongoing tariff concern. Growth projections for 2025 and 2026 have been lowered, reflecting heightened uncertainty surrounding India’s trade and macroeconomic environment.
Prashanth Tapse, Senior VP (Research), Mehta Equities
Selling intensified further with the Sensex ending below the psychological 80k mark as analysts believe that once the stiff tariff penalty on Indian goods by the Trump administration comes into effect, India's growth could be hit going ahead.
While inflation is likely to go up next year, the likely impact on growth due to increased tariff penalty by the US government would hit investors' sentiment badly and fuel fund outflows further.
Market This Week
#1 Market falls for 6th straight week, longest losing streak in 5 years
#2 More than 25 Nifty stocks post losses this week
#3 Sensex, Nifty & Nifty Bank fall nearly 1% each, Nifty Midcap index down more than 1%
Currency Check | Rupee closes higher
Indian rupee ended higher at 87.66 per dollar on Friday against Thursday's previous close of 87.70.
Closing Bell: Tariff worries worsen; Nifty sinks to 3-month low, Sensex down 765 pts
Indian equity indices ended on a weak note with Nifty below 24,400 on August 8.
At close, the Sensex was down 765.47 points or 0.95 percent at 79,857.79, and the Nifty was down 232.85 points or 0.95 percent at 24,363.30. About 1494 shares advanced, 2380 shares declined, and 137 shares unchanged.
Biggest Nifty losers included Adani Enterprises, Bharti Airtel, Shriram Finance, IndusInd Bank, M&M, while gainers were Titan Company, NTPC, Dr Reddy's Labs, HDFC Life, Bajaj Finserv.
All the sectoral indices ended in the red with metal, realty, pharma, auto, private bank, consumer durables down 1-2 percent.
BSE Midcap index fell 1.5 percent and smallcap index shed 1 percent.
Sensex Today | Government withdraws the first version of the Income-tax Bill 2025: Sources to CNBC-TV18
Brokerage Call | CLSA keeps ‘underperform’ rating on HPCL, target price at Rs 340
#1 Q1FY26 EBITDA missed estimates on both refining and marketing
#2 PAT miss exacerbated by FX loss
#3 LPG losses at Rs 2,150 crore this quarter; cumulative FY25 losses at Rs 13,040 crore
Brokerage Call | Jefferies keeps ‘hold’ rating on Ramco Cements, target price raises to Rs 1,020
#1 Q1 EBITDA slightly below estimates due to volume decline
#2 Pricing held strong in South in Q2FY26
#3 EBITDA estimates raised by 3–5 percent on sustained pricing
Sensex Today | Nifty Private Bank index down 1%
Nifty Pvt Bank Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| IndusInd Bank | 786.00 | -2.64 | 1.97m |
| Kotak Mahindra | 1,954.30 | -1.9 | 1.74m |
| Axis Bank | 1,060.10 | -1.5 | 4.00m |
| Yes Bank | 18.58 | -1.01 | 27.77m |
| RBL Bank | 264.45 | -0.99 | 9.80m |
| HDFC Bank | 1,976.70 | -0.94 | 5.89m |
| Federal Bank | 196.93 | -0.86 | 6.59m |
| Bandhan Bank | 165.77 | -0.22 | 3.48m |
| ICICI Bank | 1,438.20 | -0.15 | 4.32m |
Currency Check | Rupee trades flat
Indian rupee is trading flat at 87.69 per dollar against Thursday's previous close of 87.70.
Sensex Today | Mazagon Dock Shipbuilders share price down most in 10 weeks
Mazagon Dock Shipbuilders was quoting at Rs 2,643.40, down Rs 142.90, or 5.13 percent.
It has touched an intraday high of Rs 2,790.00 and an intraday low of Rs 2,641.50.
It was trading with volumes of 200,786 shares, compared to its five day average of 209,035 shares, a decrease of -3.95 percent.
In the previous trading session, the share closed up 0.80 percent or Rs 22.20 at Rs 2,786.30.
The share touched a 52-week high of Rs 3,778.00 and a 52-week low of Rs 1,917.95 on 29 May, 2025 and 19 February, 2025, respectively.
Currently, the stock is trading 30.03 percent below its 52-week high and 37.82 percent above its 52-week low.
Market capitalisation stands at Rs 106,629.47 crore.
Markets@3 | Sensex down 650 pts, Nifty below 24400
The Sensex was down 650.89 points or 0.81 percent at 79,972.37, and the Nifty was down 204.40 points or 0.83 percent at 24,391.75. About 1532 shares advanced, 2012 shares declined, and 101 shares unchanged.
Advance/Decline (Intra-day)
;24,384.4-211.75(-0.86%)
Brokerage Call | Jefferies keeps ‘hold’ rating on Ramco Cements, target price raises to Rs 1,020
#1 Q1 EBITDA slightly below estimates due to volume decline
#2 Pricing held strong in South in Q2FY26
#3 EBITDA estimates raised by 3–5 percent on sustained pricing
Brokerage Call | Citi maintains ‘buy’ rating on Godrej Consumer Products, target price at Rs 1,400
#1 Mixed Q1 – revenue grew 10 percent but profitability missed
#2 India business revenue grew 8 percent, led by 5 percent UVG
#3 Cut FY26–28 earnings by 6 percent due to lower India margin assumptions
Godrej Consumer Products was quoting at Rs 1,192.00, down Rs 29.00, or 2.38 percent.
It has touched an intraday high of Rs 1,244.50 and an intraday low of Rs 1,190.00.
It was trading with volumes of 64,626 shares, compared to its five day average of 16,827 shares, an increase of 284.05 percent.
In the previous trading session, the share closed up 1.58 percent or Rs 18.95 at Rs 1,221.00.
The share touched a 52-week high of Rs 1,541.30 and a 52-week low of Rs 979.75 on 11 September, 2024 and 04 March, 2025, respectively.
Currently, the stock is trading 22.66 percent below its 52-week high and 21.66 percent above its 52-week low.
Market capitalisation stands at Rs 121,950.46 crore.
Senex Today | Nifty breaks 24,400 first time since May 7, 2025
NIFTY 50 Top Stock Gainers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Titan Company | 3,470.90 | 1.62 | 1.88m |
| NTPC | 334.80 | 1.53 | 9.30m |
| Dr Reddys Labs | 1,211.20 | 0.87 | 1.47m |
| HDFC Life | 761.65 | 0.79 | 1.61m |
| Coal India | 381.45 | 0.5 | 3.03m |
| Bajaj Finserv | 1,921.40 | 0.39 | 373.50k |
| Trent | 5,322.00 | 0.35 | 983.08k |
| TATA Cons. Prod | 1,055.50 | 0.26 | 683.61k |
| ITC | 414.40 | 0.19 | 8.11m |
| HCL Tech | 1,477.90 | 0.16 | 2.09m |
NIFTY 50 Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Adani Enterpris | 2,173.40 | -3.4 | 2.13m |
| Bharti Airtel | 1,864.00 | -3.05 | 90.88m |
| Shriram Finance | 612.50 | -2.37 | 4.46m |
| IndusInd Bank | 789.50 | -2.21 | 1.81m |
| Hindalco | 672.85 | -2.03 | 2.84m |
| Nestle | 1,097.10 | -1.81 | 997.19k |
| JSW Steel | 1,045.80 | -1.78 | 1.72m |
| Kotak Mahindra | 1,957.30 | -1.75 | 1.50m |
| M&M | 3,161.00 | -1.56 | 1.23m |
| Tata Motors | 636.65 | -1.52 | 8.11m |
IPO Check | All Time Plastics IPO subscribed at 0.88 times at 1:48 PM (Day 2)
QIB – 0.37 times
NII - 0.66 times
Retail – 1.24 times
Employee - 2.80
Overall – 0.88 times
Earnings Watch | Wockhardt Q1 net loss at Rs 90 crore versus loss of Rs 14 crore, YoY
Wockhardt was quoting at Rs 1,513.05, down Rs 6.10, or 0.40 percent.
It has touched an intraday high of Rs 1,549.00 and an intraday low of Rs 1,449.50.
It was trading with volumes of 32,744 shares, compared to its five day average of 26,032 shares, an increase of 25.78 percent.
In the previous trading session, the share closed up 2.86 percent or Rs 42.30 at Rs 1,519.15.
The share touched a 52-week high of Rs 1,870.00 and a 52-week low of Rs 896.50 on 12 June, 2025 and 14 August, 2024, respectively.
Currently, the stock is trading 19.09 percent below its 52-week high and 68.77 percent above its 52-week low.
Market capitalisation stands at Rs 24,584.88 crore.
Earnings Watch | Hi-tech Pipes Q1 net profit up 18.8% at Rs 20.9 crore Vs Rs 17.6 crore, YoY
Hi-Tech Pipes was quoting at Rs 91.00, up Rs 3.04, or 3.46 percent.
It has touched an intraday high of Rs 91.96 and an intraday low of Rs 87.11.
It was trading with volumes of 208,274 shares, compared to its five day average of 116,972 shares, an increase of 78.06 percent.
In the previous trading session, the share closed down 1.53 percent or Rs 1.37 at Rs 87.96.
The share touched a 52-week high of Rs 210.75 and a 52-week low of Rs 81.56 on 23 September, 2024 and 09 May, 2025, respectively.
Currently, the stock is trading 56.82 percent below its 52-week high and 11.57 percent above its 52-week low.
Market capitalisation stands at Rs 1,848.28 crore.
IPO Check | JSW Cement IPO subscribed at 0.49 times at 2:39 PM (Day 2)
QIB – 0.23 times
NII - 0.46 times
Retail – 0.65 times
Overall – 0.49 times
Brokerage Call | Citi maintains ‘buy’ rating on HPCL, target price at Rs 510
#1 EBITDA & net income up 34 percent & 30 percent QoQ, respectively
#2 Broadly in-line, GRMs below estimates likely due to inventory losses
#3 Offset by strong marketing performance & lower LPG under-recoveries
Earnings Watch | Equitas SFB reports net loss of Rs 223.8 crore in Q1 vs profit of Rs 25.8 crore YoY
- Net interest income down 2% YoY to Rs 785.2 crore from Rs 801.5 crore
- Gross NPA at 2.92% vs 2.89% QoQ
- Net NPA flat at 0.98% YoY
Earnings Watch | Grasim Q1 net profit up 27% YoY to Rs 296 crore
- Revenue up 33.8% YoY to Rs 9,223 crore from Rs 6,894 crore
- EBITDA up 18.3% YoY to Rs 384.6 crore from Rs 325.2 crore
- EBITDA margin at 4.1% vs 4.7% YoY
Global equity funds see largest outflows in 30 months; India hit by sharpest redemptions since January
Emerging markets bore the brunt of this global repositioning, with 86% of EMs experiencing simultaneous outflows. China led the EM outflows at $723 million, followed closely by India ($632 million), Taiwan ($381 million), South Korea ($155 million), and Brazil ($133 million). ...Read More
Sensex Today | Coforge shares slide 6% after major client’s weak quarterly results rattle investors
Earnings Watch | PG Electroplast Q1 net profit down 21.5% YoY to Rs 66.7 crore
- Revenue up 14% YoY to Rs 1,503.8 crore from Rs 1,320.6 crore
- EBITDA down 7% YoY to Rs 121.3 crore from Rs 130.3 crore
- EBITDA margin at 8% vs 9.9% YoY
Markets@2 | Sensex down 560 pts, Nifty around 24400
The Sensex was down 560.91 points or 0.70 percent at 80,062.35, and the Nifty was down 171.35 points or 0.70 percent at 24,424.80. About 1623 shares advanced, 1883 shares declined, and 106 shares unchanged.
BSE 500 Stocks touched 52-week high
| Company | 52-Week High | Day’s High | CMP |
|---|---|---|---|
| Global Health | 1428.65 | 1428.65 | 1,405.55 |
| Sai Life Sci | 864.70 | 864.70 | 829.25 |
| Star Cement | 267.85 | 267.85 | 261.40 |
| Delhivery | 468.00 | 468.00 | 464.15 |
| TVS Motor | 3020.00 | 3020.00 | 2,984.15 |
Earnings Watch | Info Edge Q1 net profit rises 27% at Rs 296 crore versus Rs 233 crore, YoY
Info Edge India was quoting at Rs 1,342.45, down Rs 19.55, or 1.44 percent.
It has touched an intraday high of Rs 1,366.00 and an intraday low of Rs 1,337.25.
It was trading with volumes of 22,332 shares, compared to its five day average of 203,299 shares, a decrease of -89.02 percent.
In the previous trading session, the share closed up 2.99 percent or Rs 39.50 at Rs 1,362.00.
The share touched a 52-week high of Rs 1,838.99 and a 52-week low of Rs 1,151.45 on 06 January, 2025 and 07 April, 2025, respectively.
Currently, the stock is trading 27 percent below its 52-week high and 16.59 percent above its 52-week low.
Market capitalisation stands at Rs 86,980.10 crore.
Earnings Watch | ESAF Small Finance Bank Q1 net loss at Rs 81.2 crore versus profit of Rs 62.7 crore, YoY
ESAF Small Finance Bank was quoting at Rs 29.92, down Rs 1.52, or 4.83 percent.
It has touched an intraday high of Rs 31.72 and an intraday low of Rs 29.85.
It was trading with volumes of 65,660 shares, compared to its five day average of 63,579 shares, an increase of 3.27 percent.
In the previous trading session, the share closed up 3.73 percent or Rs 1.13 at Rs 31.44.
The share touched a 52-week high of Rs 53.10 and a 52-week low of Rs 24.35 on 22 August, 2024 and 27 March, 2025, respectively.
Currently, the stock is trading 43.65 percent below its 52-week high and 22.87 percent above its 52-week low.
Market capitalisation stands at Rs 1,542.41 crore.
Earnings Watch | Garden Reach Q1 net profit up 37.8% at Rs 120.2 crore versus Rs 87.2 crore, YoY
Garden Reach Shipbuilders & Engineers was quoting at Rs 2,494.85, down Rs 49.20, or 1.93 percent.
It has touched an intraday high of Rs 2,562.45 and an intraday low of Rs 2,473.85.
It was trading with volumes of 43,243 shares, compared to its five day average of 73,458 shares, a decrease of -41.13 percent.
In the previous trading session, the share closed down 2.05 percent or Rs 53.15 at Rs 2,544.05.
The share touched a 52-week high of Rs 3,535.00 and a 52-week low of Rs 1,180.10 on 23 June, 2025 and 04 March, 2025, respectively.
Currently, the stock is trading 29.42 percent below its 52-week high and 111.41 percent above its 52-week low.
Market capitalisation stands at Rs 28,579.01 crore.
Global Markets | European markets trade mixed; Dow Futures flat
IPO Check | Torrent Gas to consider USD 450 million IPO
Earnings Watch | Gandhar Oil Q1 net profit down 14.9% at Rs 26.2 crore versus Rs 30.8 crore, YoY
Gandhar Oil Refinery India was quoting at Rs 158.85, down Rs 0.75, or 0.47 percent.
It has touched an intraday high of Rs 171.60 and an intraday low of Rs 156.50.
It was trading with volumes of 57,341 shares, compared to its five day average of 112,602 shares, a decrease of -49.08 percent.
In the previous trading session, the share closed down 1.85 percent or Rs 3.00 at Rs 159.60.
The share touched a 52-week high of Rs 253.25 and a 52-week low of Rs 128.30 on 16 October, 2024 and 03 March, 2025, respectively.
Currently, the stock is trading 37.28 percent below its 52-week high and 23.81 percent above its 52-week low.
Market capitalisation stands at Rs 1,554.82 crore.
Earnings Watch | Sequent Scientific Q1 net profit up 94.4% at Rs 17.5 crore versus Rs 9 crore, YoY
Sequent Scientific was quoting at Rs 173.50, down Rs 1.50, or 0.86 percent.
It has touched an intraday high of Rs 183.75 and an intraday low of Rs 172.00.
It was trading with volumes of 81,612 shares, compared to its five day average of 35,377 shares, an increase of 130.69 percent.
In the previous trading session, the share closed down 1.52 percent or Rs 2.70 at Rs 175.00.
The share touched a 52-week high of Rs 240.90 and a 52-week low of Rs 111.00 on 01 October, 2024 and 07 April, 2025, respectively.
Currently, the stock is trading 27.98 percent below its 52-week high and 56.31 percent above its 52-week low.
Market capitalisation stands at Rs 4,342.79 crore.
Sensex Today | Nifty Metal index down 1.5%; Jindal Stainless, Adani Enterprises, JSW Steel among top losers
Nifty Metal Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Jindal Stainles | 689.60 | -4.83 | 1.46m |
| Adani Enterpris | 2,171.00 | -3.5 | 1.67m |
| JSW Steel | 1,045.30 | -1.83 | 1.37m |
| Jindal Steel | 983.30 | -1.62 | 685.24k |
| Hindalco | 676.30 | -1.53 | 2.44m |
| Hind Copper | 238.07 | -1.33 | 1.04m |
| SAIL | 121.75 | -1.31 | 3.54m |
| NALCO | 188.11 | -0.87 | 7.51m |
| Vedanta | 434.10 | -0.85 | 1.55m |
| Tata Steel | 158.41 | -0.79 | 6.75m |
IPO Check | All Time Plastics IPO subscribed at 0.69 times at 1:33 PM (Day 2)
QIB – 0.00 times
NII - 0.59 times
Retail – 1.11 times
Employee - 2.66
Overall – 0.69 times
IPO Check | JSW Cement IPO subscribed at 0.46 times at 1:27 PM (Day 2)
QIB – 0.23 times
NII - 0.41 times
Retail – 0.61 times
Overall – 0.46 times
Commodity Check | Crude, gold prices trade flat
Earnings Watch | GMM Pfaudler Q1 consolidated profit down 52%
#1 Profit tanks 52 percent to Rs 11.2 crore Vs Rs 23.2 crore, YoY
#2 Revenue rises 1.2 percent to Rs 794.6 crore Vs Rs 785.2 crore, YoY
Earnings Watch | State Bank of India Q1 net profit at Rs 19,160.4 crore
Net profit up 15% at Rs 19,160.4 crore vs Rs 17,035 crore , YoY
NII down 0.1% at Rs 41,072.4 crore vs Rs 41,126 crore, YoY
Gross NPA at 1.83% vs 1.82%, QoQ
Net NPA flat at 0.47%, QoQ
State Bank of India was quoting at Rs 802.75, down Rs 2.50, or 0.31 percent.
It has touched an intraday high of Rs 807.60 and an intraday low of Rs 797.65.
It was trading with volumes of 140,031 shares, compared to its five day average of 301,026 shares, a decrease of -53.48 percent.
In the previous trading session, the share closed up 0.01 percent or Rs 0.10 at Rs 805.25.
The share touched a 52-week high of Rs 875.50 and a 52-week low of Rs 679.65 on 06 December, 2024 and 03 March, 2025, respectively.
Currently, the stock is trading 8.31 percent below its 52-week high and 18.11 percent above its 52-week low.
Market capitalisation stands at Rs 740,987.83 crore.
