Closing Bell: Nifty below 24,900, Sensex down 694 pts; bank, metal, FMCG, realty top drag

Indian equity indices ended on a weak note with Nifty below 24,900 on August 22. At close, the Sensex was down 693.86 points or 0.85 percent at 81,306.85, and the Nifty was down 213.65 points or 0.85 percent at 24,870.10.

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.

On the last trading day of the week, the benchmark Nifty index started off on a weak note and continued to move lower as the day progressed thereby snapping its 6-day gaining streak, which was fueled by optimism over Goods and Services Tax (GST) reforms & S&P Global Ratings upgrade.

Concerns over impending 25% US Tariffs, unsettled sentiment, with the White House Trade Advisor Peter Navarro warning that the secondary tariffs against Indian goods will kick in from August 27. Finally, the Nifty closed below the psychological level of 25,000 and settled lower at 24,870, with a loss of 0.85%.

As we head to the monthly expiry week, investors will be keenly awaiting U.S Federal Reserve Chair Jerome Powell’s speech at the annual Jackson Hole symposium, which can significantly influence September’s monetary policy decision.

Among the Nifty constituents, M&M and Maruti emerged as the top gainers. On the flip side, Ultracemco & Heromotoco were the major laggards, dragging on the index. Sectorally, Nifty Media and Pharma indices, ended in green. In contrast, majority of the sectors ended in red with Nifty Metal and Nifty PSU Bank, emerging as major losers, as investors booked profit in these segments.

The broader markets painted a slightly different picture. Unlike the frontline indices, which saw intense selling throughout the day, both Nifty Midcap 100 and Nifty Small cap 100 traded sideways and closed flat, ending 0.14% and 0.26% lower respectively. Market breadth deteriorated, as the advance-decline ratio tilted in favour of the decliners. Out of the Nifty 500 universe, 338 stocks closed in the red, reflecting strong bearish sentiment.

Nifty View

The benchmark Nifty index snapped its 6-day gaining streak on Friday and gave a lower close on the daily chart. The Index has formed an evening star candle pattern on the daily chart, which is considered to be a bearish reversal signal.

Interestingly, the formation of the evening star pattern on the daily chart coincides with the 61.8% Fibonacci retracement of the prior downward move (25669-24337) from 30th June until 8th August, enhancing the probability of a trend reversal on the downside.

However, post the formation of the candle pattern, most crucial step is to wait for a confirmation, ideally another lower close on Monday, which can confirm that the current pullback might be losing steam and sellers have taken control, with the trend likely to reverse downwards.

Talking about crucial levels, the zone of 24850-24800 will act as an immediate support for the index. Any sustainable move below the level of 24800 will lead to a sharp movement on the downside up to the 24650 level. While on the upside, the zone of 25100-25150 will act as immediate resistance for the index.

Bank Nifty View

The banking benchmark index, Bank Nifty, was consolidating in 579 points range in the first four trading session of the week, before breaking down sharply on Friday, closing at 55,149, down 1.09%. Leading the decline were constituents like HDFC Bank (-1.34%), Kotak Bank (-1.55%) & Axis Bank (-0.74%), indicating sectoral undercurrent of profit-taking.

With Friday’s closing, the Index now trades below both its key short-term moving averages of 20 & 50 DEMA. The Relative Strength Index (RSI), a momentum indicator tilting downwards, reinforcing the bearish sentiment prevailing in the Index.

Bank Nifty, on the other hand, has been relatively underperforming Nifty, for nearly a month, as indicated by a falling ratio line on the Bank Nifty/Nifty ratio chart.

Going ahead, the zone of 55000-54900 will act as an important support. Any sustainable move below the level of 54900 will lead to a sharp downside move up to the level of 54500, followed by 54100 in the short term. While on the upside, the zone of 55800-55900 will act as important resistance for the index.

#1 Market records weekly gains despite a fall on Friday

#2 Sensex & Nifty gain 1% each for 2nd straight week

#3 F#inancials underperform, Nifty Bank gives up half of last week’s gains

#4 Midcap index outperforms frontline indices, rises more than 2%

#5 Auto, realty & consumption sectors gain the most on GST rationalisation

The Nifty ended its six-day winning streak due to a lack of support from Foreign Institutional Investors (FIIs), who have shown no significant buying in the cash market and limited short covering in futures and options (F&O).

Despite news of a GST rate cut, FIIs maintain approximately 90% short positions in index futures. Additionally, market sentiment is cautious due to the looming threat of a 25% tariff on India, with a deadline set for August 27, 2025. Globally, uncertainty persists due to mixed U.S. economic data and ambiguity surrounding the U.S. Federal Reserve's interest rate decisions.

Investors are closely monitoring today’s U.S. jobs report and the Federal Reserve Chairman’s speech at the Jackson Hole symposium for further clarity. From a technical perspective, the Nifty faces strong resistance in the 25,100–25,225 range.

The 24,850–24,700 zone is a critical support level that must hold to sustain bullish momentum. A breach below this could see the index slide toward its 200-day moving average (DMA) at 24,050, signaling potential bearish pressure.

After showing consolidation type movement near the resistance of 25200 levels on Thursday, Nifty slipped into a sharp profit booking on Friday and closed the day lower by 213 points. Nifty opened on a weak note and slipped into further weakness in the early to mid-part of the session. However, an attempt of bounce back has faltered in the mid part, Nifty weakened further towards the end and closed lower.

A long bear candle was formed on the daily chart which indicates a formation of short-term reversal pattern on the downside. The immediate hurdle of down sloping trend line weighed high on the market and resulted into sharp weakness.

The short-term trend of Nifty is weak and we expect Nifty to find support around the previous opening upside gap of 18th Aug around 24800-24700 levels by next week. On the other side, a sustainable upside above 25150 could bring bulls back into the scene.

Markets snapped a six-session winning streak and ended lower, losing nearly a percent as sentiment turned weak from the outset and deteriorated further in the latter half. The Nifty closed near the day’s low at 24,880, down 0.87%. The pressure was broad-based, led by IT and financials, while commodity and FMCG counters also slipped. However, select auto and healthcare names managed to outperform on stock-specific action. Interestingly, the broader indices were relatively resilient and ended with only modest cuts.

The weakness was primarily driven by caution ahead of U.S. Fed Chair Jerome Powell’s Jackson Hole address and renewed concerns around global trade and geopolitical tensions, which dampened risk appetite. Domestic profit-booking after the recent rally and a pause in fresh FPI inflows further weighed on sentiment. With global markets awaiting central bank cues, any unexpected commentary or data could trigger heightened volatility.

On the technical front, the index has moved closer to its key short-term support at the 20-day EMA around 24,800. A decisive breach below this level could open the door for a deeper correction toward the 24,600 zone. On the upside, 25,100–25,250 remains the immediate resistance cluster. For the next session, focus on banking and IT for potential weakness, while autos and select cyclicals could offer stock-specific opportunities. Monitoring global cues and flow trends will be critical for near-term direction.

Global equity markets were mixed over the past one week, while the Indian equity markets outperformed most markets on a weekly basis. The Nifty 50 and the Sensex 30 indices inched ~1% higher during the week. The BSE midcap and the smallcap indices outperformed the larger peers with weekly gains of 2-2.5%. Almost all the key sectoral indices closed the week with positive gains. The market saw sharp rally in select sectors like automobiles, cement, consumer staples, select consumer durables and some NBFC’s amid government's plan for GST rationalization.

Auto sector was a clear outperformer whereas BSE Bankex and BSE Power indices underperformed on a relative basis. On the macro front, the RBI MPC minutes highlighted the need for a pause to allow the transmission of policy actions, while remaining wary of evolving external sector uncertainties. Adjusted net profits of the Nifty-50 Index in Q1FY26 increased 7.5% yoy as compared to our expectations of 4% yoy growth. With result season behind us, the focus will be on global and domestic macroeconomic factors.

Equity markets would keenly watch for any announcements with respect to tariffs, as India faces the risk of 50% US tariffs from August 27. On the domestic front, good monsoon, lower inflation and interest rates, lower oil prices and Government efforts to boost consumption are positives.

The Indian rupee depreciated for the third consecutive day but concluded the week with small gains. The recent downturn in the domestic currency is being influenced by an outflow of foreign funds, the anticipation of elevated tariffs rate from the US, and a dollar demand from the importers.

The rupee is projected to remain volatile, with resistance placed at 87.80 and support at 87.20.

After a steady run-up, Nifty paused on Friday, suggesting a brief consolidation before the next leg higher. The index continues to hold above the 50 EMA, reinforcing the short-term uptrend.

On the downside, support lies at 24,800; staying above this level keeps the trend intact with scope for an advance towards 25,000–25,250.

The Indian equity market closed in the red today, ending a six-session winning streak and erasing gains accumulated over the past three days. Investor sentiment turned cautious ahead of the U.S. Fed Chair’s speech at the Jackson Hole symposium, which is expected to provide critical insights into the global liquidity outlook and future interest rate trajectory.

The U.S. using trade tariffs on India as a strategic tool in its stance against Russia has raised near-term concerns among institutional investors. However, strong domestic indicators offer support: the PMI has hit a record high and recently proposed indirect tax reliefs are expected to boost consumption, underscoring India’s economic resilience.

Indian rupee ended 26 paise lower at 87.52 per dollar on Friday versus Thursday's close of 87.26.

Indian equity indices ended on a weak note with Nifty below 24,900 on August 22.

At close, the Sensex was down 693.86 points or 0.85 percent at 81,306.85, and the Nifty was down 213.65 points or 0.85 percent at 24,870.10. About 1693 shares advanced, 2208 shares declined, and 143 shares unchanged.

M&M, Bharat Electronics, Maruti Suzuki, Bharti Airtel, Titan Company were among major gainers on the Nifty, while losers were Asian Paints, Grasim Industries, Adani Enterprises, Hero MotoCorp, UltraTech Cement.

Among sectors, media index rose 1%, and pharma index added 0.4%, while metal, IT, FMCG, oil & gas, PSU Bank, Private Bank, realty fell 0.5-1%.

BSE Midcap and Smallcap indices ended lower.

Reserve Bank of India board approved the nomination of Indranil Bhattacharyya, executive director as an ex-official member of MPC.

Shankara Building Products was quoting at Rs 1,032.35, down Rs 93.05, or 8.27 percent.

It has touched an intraday high of Rs 1,163.00 and an intraday low of Rs 1,027.05.

It was trading with volumes of 35,943 shares, compared to its five day average of 10,415 shares, an increase of 245.09 percent.

In the previous trading session, the share closed up 1.20 percent or Rs 13.30 at Rs 1,125.40.

The share touched a 52-week high of Rs 1,210 and a 52-week low of Rs 444.40 on 31 July, 2025 and 28 October, 2024, respectively.

Currently, the stock is trading 14.68 percent below its 52-week high and 132.3 percent above its 52-week low.

Market capitalisation stands at Rs 2,503.38 crore.

Jupiter Electric Mobility, the electric commercial vehicle arm of Jupiter Wagons., has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad, introducing its 1.05 ton 4-wheeler electric light commercial vehicle (eLCV) – JEM TEZ to Telangana’s vibrant logistics and intra-city freight market.

Jupiter Wagons was quoting at Rs 340.65, down Rs 2.80, or 0.82 percent.

It has touched an intraday high of Rs 346.90 and an intraday low of Rs 336.90.

It was trading with volumes of 371,846 shares, compared to its five day average of 1,233,883 shares, a decrease of -69.86 percent.

It was trading with volumes of 371,846 shares, compared to its thirty day average of 267,831 shares, an increase of 38.84 percent.

In the previous trading session, the share closed up 4.12 percent or Rs 13.60 at Rs 343.45.

The share touched a 52-week high of Rs 588.00 and a 52-week low of Rs 270.20 on 12 December, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 42.07 percent below its 52-week high and 26.07 percent above its 52-week low.

Market capitalisation stands at Rs 14,460.53 crore.

Mangalam Drugs and Organics has received a significant repeat export order from one of its reputed international clients. The aggregate value of the order under the said purchase order is USD 21,81,040.

Mangalam Drugs & Organics was quoting at Rs 81.00, up Rs 0.81, or 1.01 percent.

It has touched an intraday high of Rs 84.19 and an intraday low of Rs 79.79.

In the previous trading session, the share closed up 0.29 percent or Rs 0.23 at Rs 80.19.

The share touched a 52-week high of Rs 144.65 and a 52-week low of Rs 65.50 on 26 August, 2024 and 30 June, 2025, respectively.

Currently, the stock is trading 44 percent below its 52-week high and 23.66 percent above its 52-week low.

Market capitalisation stands at Rs 128.21 crore.

The Sensex was down 636.51 points or 0.78 percent at 81,364.20, and the Nifty was down 202.75 points or 0.81 percent at 24,881.00. About 1551 shares advanced, 2060 shares declined, and 119 shares unchanged.

QIB – 3.29 times

NII - 13.77 times

Retail – 3.94 times

Overall – 5.86 times

ITC was quoting at Rs 398.20, down Rs 7.55, or 1.86 percent.

It has touched an intraday high of Rs 406.50 and an intraday low of Rs 397.50.

It was trading with volumes of 1,132,873 shares, compared to its five day average of 974,641 shares, an increase of 16.23 percent.

In the previous trading session, the share closed down 0.06 percent or Rs 0.25 at Rs 405.75.

The share touched a 52-week high of Rs 528.55 and a 52-week low of Rs 391.50 on 27 September, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 24.66 percent below its 52-week high and 1.71 percent above its 52-week low.

Market capitalisation stands at Rs 498,811.72 crore.

This week underscored India’s dual strategy of cushioning external headwinds while reinforcing domestic growth drivers. The rupee slid towards 87.50 per dollar on Fed uncertainty and tariff clouds, even as sovereign bond spreads tightened to historic lows following a rating upgrade, reflecting investor confidence.

Policymakers advanced a $20 billion GST-driven consumption stimulus and enacted a modernised Income-tax Act to simplify compliance and lift household demand, moves expected to add ~0.6% to GDP.

The RBI reaffirmed its 4% inflation target with a ±2% band, signalling continuity in monetary policy despite volatile global conditions. With Q1 FY26 growth projected at 6.5–6.7%, momentum remains solid, though near-term risks hinge on U.S. monetary signals and trade frictions.

Overall, India’s macro stance is defined by proactive fiscal support, policy credibility, and resilience against global uncertainty.

The Sensex was down 498.34 points or 0.61 percent at 81,502.37, and the Nifty was down 153.45 points or 0.61 percent at 24,930.30. About 1605 shares advanced, 1971 shares declined, and 126 shares unchanged.

The first unit (660 MW) of the 1320 MW Buxar Thermal Power Project has been successfully synchronized with the National Grid today. This shall pave the way for successful commencement of COD process.

#1 Recent strong deal wins boost confidence in H2FY26 recovery

#2 Client issues in Europe have largely been resolved

#3 Valuation gap to peers is near historic low

The company has successfully bagged an order from BrahMos Aerospace for the supply of critical titanium castings worth Rs 110 crore.

PTC Industries was quoting at Rs 13,785.10, up Rs 429.85, or 3.22 percent.

It has touched an intraday high of Rs 14,559.45 and an intraday low of Rs 13,488.25.

It was trading with volumes of 4,718 shares, compared to its five day average of 825 shares, an increase of 471.60 percent.

In the previous trading session, the share closed down 2.19 percent or Rs 299.10 at Rs 13,355.25.

The share touched a 52-week high of Rs 17,978.00 and a 52-week low of Rs 9,786.30 on 09 January, 2025 and 20 February, 2025, respectively.

Currently, the stock is trading 23.32 percent below its 52-week high and 40.86 percent above its 52-week low.

Market capitalisation stands at Rs 20,655.77 crore.

The Board has approved a second interim dividend of Rs 16 per share on a face value of Re 1 per share for FY26, amounting to Rs 6,256 crore. The record date for the payment of the dividend will be August 27.

Premier Energies today announced the launch of its next-generation 620 W DCR solar modules using G12R TOPCon technology — among the highest-output, large-format panels now available in India.

With the introduction of TOPCon (Tunnel Oxide Passivated Contact) architecture, the G12R 620 W module delivers exceptional power density, an improved temperature coefficient, and stronger low-light performance.

The rectangular G12R N type cell format unlocks higher string power and BOS optimization, making it ideal for utility-scale, commercial, and industrial rooftop projects.

The key benchmark indices fell on Friday, snapping a six-day winning streak, as investors turned cautious ahead of U.S. Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium.

Profit-booking, coupled with concerns over potential new tariffs under a possible Trump administration, weighed on market sentiment. Investors also remained wary ahead of the scheduled imposition of an additional 25% tariff next week on August 27. Selling pressure in index heavyweights, particularly banking counters, further dampened confidence.

Sectorally, FMCG stocks led the decline, slipping 0.88%, while the banking index fell 0.80%, reflecting broad-based weakness across the market.

Nifty’s immediate support aligns around 24850-24800, while resistance is placed around 25080-25128.

The Board of Directors in its meeting scheduled to be held on Friday, 29th August, 2025 may consider the proposals to revised borrowing plan for the financial year 2025-26 through raising of secured/unsecured corporate bonds and/or raising of Term loans/ External Commercial Borrowings (ECB) and monetization of future cash flow (Return on Equity) of one or more Power Station(s) of the company for suitable tenure in single tranche during the financial year 2025-26.

NHPC was quoting at Rs 81.36, down Rs 0.49, or 0.60 percent.

It has touched an intraday high of Rs 82.10 and an intraday low of Rs 81.07.

It was trading with volumes of 434,477 shares, compared to its five day average of 656,901 shares, a decrease of -33.86 percent.

In the previous trading session, the share closed down 1.22 percent or Rs 1.01 at Rs 81.85.

The share touched a 52-week high of Rs 100.50 and a 52-week low of Rs 71.01 on 02 September, 2024 and 12 February, 2025, respectively.

Currently, the stock is trading 19.04 percent below its 52-week high and 14.58 percent above its 52-week low.

Market capitalisation stands at Rs 81,726.40 crore.

Bharat Electronics was quoting at Rs 377.30, up Rs 3.15, or 0.84 percent.

It has touched an intraday high of Rs 380 and an intraday low of Rs 373.60.

It was trading with volumes of 559,019 shares, compared to its five day average of 562,343 shares, a decrease of -0.59 percent.

In the previous trading session, the share closed up 0.65 percent or Rs 2.40 at Rs 374.15.

The share touched a 52-week high of Rs 435.95 and a 52-week low of Rs 240.15 on 01 July, 2025 and 19 February, 2025, respectively.

Currently, the stock is trading 13.45 percent below its 52-week high and 57.11 percent above its 52-week low.

Market capitalisation stands at Rs 275,797.96 crore.

QIB – 0.47 times

NII - 8.84 times

Retail – 3.30 times

Overall – 3.68 times

Indian rupee has extended the opening losses and trading lower at 87.46 per dollar versus Thursday's close of 87.26.

Choice Consultancy Services, a subsidiary of Choice International., has won prestigious project mandates worth approximately Rs 140 crores (inclusive of GST).

Choice International was quoting at Rs 805.50, up Rs 18.65, or 2.37 percent.

It has touched an intraday high of Rs 809.00 and an intraday low of Rs 784.00.

It was trading with volumes of 45,593 shares, compared to its five day average of 39,042 shares, an increase of 16.78 percent.

In the previous trading session, the share closed down 1.32 percent or Rs 10.50 at Rs 786.85.

The share touched a 52-week high of Rs 824.10 and a 52-week low of Rs 424.70 on 20 August, 2025 and 27 August, 2024, respectively.

Currently, the stock is trading 2.26 percent below its 52-week high and 89.66 percent above its 52-week low.

Market capitalisation stands at Rs 16,565.55 crore.

The Sensex was down 532.32 points or 0.65 percent at 81,468.39, and the Nifty was down 164.20 points or 0.65 percent at 24,919.55. About 1544 shares advanced, 1986 shares declined, and 136 shares unchanged.

Edelweiss Financial Services  along with its wholly owned subsidiaries, has executed share purchase agreements and shareholders’ agreements with WestBridge Capital through its affiliates namely Setu AIF Trust, Konark Trust and MMPL Trust (Buyers) for the sale of up to 15% of the paid-up equity share capital of each of Edelweiss Asset Management (EAML) and Edelweiss Trusteeship Company  (ETCL).

EAML is a wholly owned subsidiary of the Company and acts as the Asset Manager of Edelweiss Mutual Fund.

Edelweiss Financial Services was quoting at Rs 96.95, up Rs 0.15, or 0.15 percent.

It has touched an intraday high of Rs 98.90 and an intraday low of Rs 95.30.

It was trading with volumes of 178,885 shares, compared to its five day average of 346,811 shares, a decrease of -48.42 percent.

In the previous trading session, the share closed down 0.10 percent or Rs 0.10 at Rs 96.80.

The share touched a 52-week high of Rs 145.50 and a 52-week low of Rs 73.51 on 30 September, 2024 and 07 May, 2025, respectively.

Currently, the stock is trading 33.37 percent below its 52-week high and 31.89 percent above its 52-week low.

Market capitalisation stands at Rs 9,171.96 crore.

Director General of Quality Assurance (DGQA), Ministry of Defence, Government of India, has granted the Registration Certificate for manufacturing capacity/ capability for defence items.

Lokesh Machines was quoting at Rs 223.50, up Rs 20.30, or 9.99 percent.

It has touched an intraday high of Rs 223.50 and an intraday low of Rs 190.10.

There were pending buy orders of 39,154 shares, with no sellers available.

It was trading with volumes of 7,312 shares, compared to its five day average of 5,429 shares, an increase of 34.67 percent.

In the previous trading session, the share closed down 0.71 percent or Rs 1.45 at Rs 203.20.

The share touched a 52-week high of Rs 448.00 and a 52-week low of Rs 129.25 on 08 November, 2024 and 18 March, 2025, respectively.

Currently, the stock is trading 50.11 percent below its 52-week high and 72.92 percent above its 52-week low.

Market capitalisation stands at Rs 446.93 crore.

IRCON has been awarded with Letter of Award for the project floated by Meghalaya Infrastructure Development & Finance Corporation Limited, Shillong, Meghalaya.

The project cost is Rs 510,46,87,186.39.

The AI-powered technology services and consulting company has entered into an agreement to acquire the Digital Transformation Solutions (DTS) business unit of Harman, a Samsung company.

This transaction will accelerate Wipro’s mission to deliver next-generation Engineering Research & Development (ER&D) services.

Wipro was quoting at Rs 250.00, up Rs 0.05, or 0.02 percent.

It has touched an intraday high of Rs 253.10 and an intraday low of Rs 247.65.

It was trading with volumes of 321,827 shares, compared to its five day average of 303,906 shares, an increase of 5.90 percent.

In the previous trading session, the share closed down 0.38 percent or Rs 0.95 at Rs 249.95.

The share touched a 52-week high of Rs 324.55 and a 52-week low of Rs 225.05 on 23 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 22.97 percent below its 52-week high and 11.09 percent above its 52-week low.

Market capitalisation stands at Rs 262,081.09 crore.

The company's subsidiary, NTPC Renewable Energy, has declared commercial operation of the third part capacity of 49.125 MW out of the 300 MW Khavda Solar Energy Project at Khavda, Gujarat, under the 450 MW Hybrid Tranche V Project. The first part capacity of 142.2 MW and the second part capacity of 32.8 MW had already been declared commercially operational in June.

The company has executed a Share Subscription Agreement with Asar Green Kabadi and its Promoters to acquire 24,643 Series B compulsorily convertible preference shares (CCPS), aggregating to a 25.07% shareholding in Asar Green, for Rs 5 crore.

The company has entered into an agreement with UGP Engineering for the transfer or sale of leasehold land measuring 10.11 acres, along with structures, plant, and machinery at Sriperumbudur, Tamil Nadu.

Usha Martin was quoting at Rs 376.45, up Rs 8.20, or 2.23 percent.

It has touched an intraday high of Rs 385.00 and an intraday low of Rs 366.65.

It was trading with volumes of 25,254 shares, compared to its five day average of 14,981 shares, an increase of 68.57 percent.

In the previous trading session, the share closed up 1.17 percent or Rs 4.25 at Rs 368.25.

The share touched a 52-week high of Rs 450.85 and a 52-week low of Rs 278.80 on 15 October, 2024 and 18 February, 2025, respectively.

Currently, the stock is trading 16.5 percent below its 52-week high and 35.03 percent above its 52-week low.

Market capitalisation stands at Rs 11,472.01 crore.

The shares of defence companies surged on August 22 after Russia intensified its attacks on Ukraine despite efforts by US President Donald Trump-led administration to negotiate a peace deal between the two countries.

The sharp rise in the share prices pushed the Nifty India Defence index up nearly 1 percent to hover around 7,760.25.

Russia launched one of its largest attacks on Ukraine, sending 574 drones and 40 missiles to the neighboring country, Ukrainian President Volodymyr Zelenskyy said. One person was killed and 22 were wounded in the overnight strikes, authorities said. Read More

The company has secured a Letter of Intent (LOI) from Garden Reach Shipbuilders & Engineers for Ship Construction of 02 Vessels. The Vessels will be built for Garden Reach Shipbuilders & Engineers Ltd. intended for use by Geological Survey of India.

The order is valued at Rs 445 crore, plus Rs 22.25 crore towards GST, aggregating to a total order value of Rs 467.25 crore. The vessels will be built under the classification regulations of Indian Register of Shipping.

The Sensex was down 444.72 points or 0.54 percent at 81,555.99, and the Nifty was down 140.10 points or 0.56 percent at 24,943.65. About 1559 shares advanced, 1902 shares declined, and 133 shares unchanged.

The company has received an order worth Rs 103.16 crore from Leap Grain Rail Logistics for BCBFG wagons along with BVCM Brake Vans, to be delivered within 10 months.

Texmaco Rail and Engineering was quoting at Rs 145.50, up Rs 3.45, or 2.43 percent.

It has touched an intraday high of Rs 149.00 and an intraday low of Rs 144.70.

It was trading with volumes of 344,820 shares, compared to its five day average of 183,484 shares, an increase of 87.93 percent.

In the previous trading session, the share closed up 2.45 percent or Rs 3.40 at Rs 142.05.

The share touched a 52-week high of Rs 254.50 and a 52-week low of Rs 115.10 on 28 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 42.83 percent below its 52-week high and 26.41 percent above its 52-week low.

Market capitalisation stands at Rs 5,812.25 crore.

The digital product engineering company has entered into a definitive agreement to acquire Novigo Solutions, a specialist in low-code/no-code (LCNC) development and intelligent automation services.

The upfront cash consideration for the transaction is Rs 400 crore, with an additional stock consideration linked to future EBITDA achievement.

Additionally, the Board has approved the issuance of non-convertible debentures (NCDs) worth up to Rs 275 crore on a private placement basis.

Sula Vineyards was quoting at Rs 269.40, up Rs 10.10, or 3.90 percent.

It has touched an intraday high of Rs 272.50 and an intraday low of Rs 259.35.

It was trading with volumes of 89,715 shares, compared to its five day average of 31,990 shares, an increase of 180.45 percent.

In the previous trading session, the share closed up 0.89 percent or Rs 2.30 at Rs 259.30.

The share touched a 52-week high of Rs 511.30 and a 52-week low of Rs 242.55 on 30 August, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 47.31 percent below its 52-week high and 11.07 percent above its 52-week low.

Market capitalisation stands at Rs 2,274.42 crore.

QIB – 0.14 times

NII - 6.57 times

Retail – 2.87 times

Overall – 2.88 times

#1 Government clears company’s biggest-ever order: 97 LCA Mk1A jets worth Rs 67,000 crore

#2 Clears doubts on delay in repeat orders due to GE engine supply, not HAL

#3 Order boosts backlog by 35 percent, adds over USD 1 billion in cash from advances

# Long-term pipeline remains strong at USD 54 billion

#5 Key Catalysts: large fighter Jet order in 2025 & clarity on GE engine deals

The Sensex was down 588.20 points or 0.72 percent at 81,412.51, and the Nifty was down 180.05 points or 0.72 percent at 24,903.70. About 1510 shares advanced, 1864 shares declined, and 143 shares unchanged.

#1 YoY jump in FCF & OCF driven by a sharp USD 5 billion rise in advances from oil & gas customers

#2 Opex & interest cost capitalisation equals 33 percent of reported consolidated PBT, could weigh on future operation leverage

#3 Key focus areas: AI Via Jio, media & consumer business expansion & new energy value chain integration

#4 Awaiting updates on Jio IPO, AI roadmap & FMCG strategy at next week's AGM

Godawari Power & Ispat was quoting at Rs 234.95, up Rs 11.55, or 5.17 percent.

It has touched an intraday high of Rs 240.00 and an intraday low of Rs 222.80.

It was trading with volumes of 520,547 shares, compared to its five day average of 368,981 shares, an increase of 41.08 percent.

In the previous trading session, the share closed up 2.13 percent or Rs 4.65 at Rs 223.40.

The share touched a 52-week high of Rs 253.60 and a 52-week low of Rs 145.55 on 12 December, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 7.35 percent below its 52-week high and 61.42 percent above its 52-week low.

Market capitalisation stands at Rs 15,727.63 crore.

QIB – 0.13 times

NII - 5.23 times

Retail – 2.46 times

Overall – 2.39 times

Blinkit Foods, a wholly owned subsidiary of Eternal, has been incorporated effective August 21.

Eternal was quoting at Rs 320.35, down Rs 1.30, or 0.40 percent.

It has touched an intraday high of Rs 322.65 and an intraday low of Rs 319.50.

It was trading with volumes of 191,521 shares, compared to its five day average of 2,357,194 shares, a decrease of -91.88 percent.

In the previous trading session, the share closed down 1.47 percent or Rs 4.80 at Rs 321.65.

The share touched a 52-week high of Rs 331.35 and a 52-week low of Rs 189.60 on 20 August, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 3.32 percent below its 52-week high and 68.96 percent above its 52-week low.

Market capitalisation stands at Rs 309,148.98 crore.

The Punjab State Electricity Regulatory Commission (PSERC) has approved the re-determined tariff for the company’s 8 MW biomass-based power plant in Fazilka, Punjab.

DEE Development Engineers was quoting at Rs 275.35, down Rs 2.65, or 0.95 percent.

It has touched an intraday high of Rs 277.80 and an intraday low of Rs 271.95.

It was trading with volumes of 14,074 shares, compared to its five day average of 21,700 shares, a decrease of -35.14 percent.

In the previous trading session, the share closed down 2.34 percent or Rs 6.65 at Rs 278.00.

The share touched a 52-week high of Rs 364.85 and a 52-week low of Rs 166.60 on 23 August, 2024 and 18 February, 2025, respectively.

Currently, the stock is trading 24.53 percent below its 52-week high and 65.28 percent above its 52-week low.

Market capitalisation stands at Rs 1,903.45 crore.

Waaree Energies was quoting at Rs 3,217.25, down Rs 0.20, or 0.01 percent.

It has touched an intraday high of Rs 3,237.45 and an intraday low of Rs 3,175.00.

In the previous trading session, the share closed up 2.12 percent or Rs 66.75 at Rs 3,217.45.

The share touched a 52-week high of Rs 3,740.75 and a 52-week low of Rs 1,808.65 on 06 November, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 13.99 percent below its 52-week high and 77.88 percent above its 52-week low.

Market capitalisation stands at Rs 92,426.19 crore.

The company has diluted a portion of its shareholding in Clean Max DOS, reducing its stake from 24.82% to 9.08%. As a result, Clean Max DOS ceases to be classified as an associate of the company.

Smartworks Coworking Spaces was quoting at Rs 480.90, up Rs 5.70, or 1.20 percent.

It has touched an intraday high of Rs 481.20 and an intraday low of Rs 457.15.

It was trading with volumes of 3,404 shares, compared to its five day average of 28,807 shares, a decrease of -88.18 percent.

In the previous trading session, the share closed down 0.17 percent or Rs 0.80 at Rs 475.20.

The share touched a 52-week high of Rs 485.00 and a 52-week low of Rs 393.35 on 21 August, 2025 and 28 July, 2025, respectively.

Currently, the stock is trading 0.85 percent below its 52-week high and 22.26 percent above its 52-week low.

Market capitalisation stands at Rs 5,488.58 crore.

Feeling Shaky US Investors' Jackson Hole jitters got worse, spurred on by new comments from Federal Reserve officials.

The odds for a 25 basis-point rate cut fell to 73.5% Thursday from 82.4% Wednesday.

Nifty continued to inch higher, but it witnessed selling pressure at higher levels. There are multiple negative divergences observed on the hourly chart. However, 20HMA 25039 has not broken on a closing basis so far.

An important support level in the near term will be the 40 HEMA, which is currently at 24925.

The members of the bank have approved the reappointment of Prashant Kumar as Managing Director & CEO of the bank for the period from October 6, 2025, to April 5, 2026.

Comex Gold closed slightly lower in the previous session, declining by around 0.4% as investors booked profits following stronger-than-expected PMI and home sales data. In the domestic market, the MCX Gold price gained more than 100 points as the Rupee depreciated against the dollar. However, weaker jobless claims provided some support at lower levels.

Market attention is now firmly on the upcoming speech by the Federal Reserve Chair later this evening, which is expected to offer fresh cues on the trajectory of rate cuts.

Additionally, President Trump's speech after the Fed chairperson's speech may add to volatility in the evening session.

The company's subsidiary, NTPC Renewable Energy, has declared commercial operation of the third part capacity of 49.125 MW out of the 300 MW Khavda Solar Energy Project at Khavda, Gujarat, under the 450 MW Hybrid Tranche V Project.

The first part capacity of 142.2 MW and the second part capacity of 32.8 MW had already been declared commercially operational in June.

Zee Entertainment Enterprises was quoting at Rs 122.55, up Rs 5.50, or 4.70 percent.

It has touched an intraday high of Rs 122.90 and an intraday low of Rs 116.95.

It was trading with volumes of 621,944 shares, compared to its five day average of 226,485 shares, an increase of 174.61 percent.

In the previous trading session, the share closed down 0.51 percent or Rs 0.60 at Rs 117.05.

The share touched a 52-week high of Rs 154.85 and a 52-week low of Rs 89.29 on 28 August, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 20.86 percent below its 52-week high and 37.25 percent above its 52-week low.

Market capitalisation stands at Rs 11,771.17 crore.

The Board has approved a second interim dividend of Rs 16 per share on a face value of Re 1 per share for FY26, amounting to Rs 6,256 crore. The record date for the payment of the dividend will be August 27.

Asian equities traded within a narrow range ahead of Federal Reserve Chair Jerome Powell’s speech with traders paring wagers on an imminent interest-rate cut.

The Sensex was down 387.39 points or 0.47 percent at 81,613.32, and the Nifty was down 124.85 points or 0.50 percent at 24,958.90. About 1472 shares advanced, 1676 shares declined, and 131 shares unchanged.