Closing Bell: Market takes a tariff tumble; Nifty at 24,500, Sensex down 706 pts

Indian equity indices ended lower on second consecutive session on August 28 with Nifty around 24500. At close, the Sensex was down 705.97 points or 0.87 percent at 80,080.57, and the Nifty was down 211.15 points or 0.85 percent at 24,500.90.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

The benchmark indices continued to face selling pressure at higher levels. The Nifty ends 211 points lower, while the Sensex was down by 713 points. Among sectors, the Capital Market Index lost the most, shedding over 2 percent, whereas despite the weak market sentiment, some buying was observed in selective Consumer stocks. Technically, after a muted open, the market corrected sharply. On daily charts, it has formed a bearish candle, while on intraday charts, it is showing a lower top formation, which is largely negative.

We believe that the short-term market outlook is weak, but since it is oversold, a quick pullback rally from the current levels cannot be ruled out. For day traders, 24,600/80600 would be a key level; as long as the market remains below this, the weak sentiment is likely to continue. On the lower side, the market could slip to 24,350–24,300/79900-79700. On the flip side, if the market moves above 24,600/80600, the pullback could extend up to the 20-day SMA (Simple Moving Average) or 24,725/81000. Further upside may also continue, potentially lifting the market up to 24,800/81300.

On the August series expiry day, the benchmark index Nifty extended its losing streak, ending at the 24500 mark with a cut of 0.85%. The index also formed a sizeable bearish candle, signalling sustained selling pressure. From its recent high of 25153, Nifty has now corrected by more than 650 points in just five sessions.

Among Nifty constituents, Titan and Coal India emerged as top gainers, while Shriram Finance and HCL Tech were the biggest losers. On the sectoral front, barring Nifty Consumer Durables, all indices closed in the red, with Nifty IT, Nifty Realty and Nifty Financial Services witnessing the steepest declines.

The broader market too bore the brunt of selling pressure. Both the Nifty Midcap 100 and Nifty Smallcap 100 indices slipped over 1% for the second consecutive session. Market breadth remained weak, with the advance/decline ratio skewed towards losers. Out of the Nifty 500 pack, only 101 stocks managed to end in positive territory.

Nifty View

Technically, the Nifty is showing strong signs of weakness. The index is now trading below its 20-day, 50-day and 100-day EMAs, all of which have started to edge lower, reflecting a build-up of downward momentum. This alignment of key averages turning south indicates that short-term as well as medium-term trends are under pressure.

Adding to the concern, the daily RSI is on the verge of slipping below the crucial 40 mark and continues to remain in a declining trajectory. A breach of this level would further strengthen the bearish undertone, suggesting that momentum is favouring sellers over buyers.

From a technical perspective, unless the Nifty reclaims its short-term moving averages with strong volume support, the bias is likely to remain negative in the near term. Going ahead, the 100-day EMA zone of 24630–24650 is expected to act as a crucial hurdle for the Nifty. As long as the index remains below this zone, the overall sentiment is likely to stay weak. On the downside, the index may first drift towards 24350, and a sustained breach of that support could open the gates for a further slide towards the 24200 level.

A decisive move above 24650 would be needed to negate the bearish momentum and signal the possibility of a short-term recovery. Until then, the market trend remains tilted in favour of the bears.

Bank Nifty View

The Bank Nifty index has been underperforming the frontline indices for the past few trading sessions. From its recent peak of 56156, the index has corrected by more than 2300 points in just 8 sessions, highlighting strong selling pressure in the banking space.

At present, the index is trading below its 20-day, 50-day and 100-day EMAs and is inching closer to its 200-day EMA, which lies in the 53600–53500 zone. A sustained move below the 53500 mark could accelerate the downside momentum, paving the way for a further decline towards 52900, followed by 52400 in the short term.

On the flip side, the 54500–54600 zone will act as a key hurdle. Only a decisive move above this band would indicate signs of recovery and provide some respite to the bulls.

Markets extended their decline on monthly expiry day, losing nearly a percent and continuing the corrective trend. After a weak opening, the Nifty staged a swift rebound in the initial hours, but sustained pressure from heavyweight stocks across key sectors dragged the index to fresh lows as the session progressed. It eventually settled near the day’s low at 24,500.9. Sectoral performance was broadly weak, with IT, realty, and banking stocks leading the decline. The broader indices also mirrored this trend, with mid- and small-cap segments slipping close to a percent each.

Sentiment remained under strain from the implementation of additional 25% U.S. tariff, which, combined with weakness in heavyweights such as banks, is exerting steady pressure on the markets. In the absence of major domestic triggers, global developments continue to drive near-term direction.

On the technical front, the Nifty has breached its medium-term support at the 100-day EMA around 24,600. The next support is seen in the 24,250–24,350 zone, which aligns with the previous swing low and the long-term 200-day EMA. On the upside, the 24,650–24,800 region, earlier a support zone, is now likely to act as resistance. Traders are advised to align positions with the prevailing trend and exercise heightened caution in stock selection.

Domestic equities ended lower as pessimism took hold following the implementation of tariffs on Indian goods, dampening investor sentiments. While the cotton import duty exemption briefly lifted hopes of policy support to counter tariff impacts, triggering a short-lived intraday recovery, investor mood remained fragile, with large caps declining and mid and small caps underperforming amid risk-off sentiment.

Most sectors, including Auto, IT, FMCG, and Metals, traded in the red as investors turned to profit booking from recent gains, while Consumer Durables outperformed, likely supported by GST rationalisation and expectations of festive demand.

Following five-days depreciation, the Indian Rupee has staged a resurgence, gaining ground versus the U.S. Dollar. This reversal was backed by a weakening greenback and expectations of weaker crude oil prices. However, the prevailing weak sentiments and trend for the rupee will likely remain subdued until it decisively breaches the level of 86.90.

In the near term, the spot USDINR pair finds solace at the support level of 87.30, while encountering stiff resistance at 87.95, the record high.

Indian rupee ended higher at 87.63 per dollar on Thursday versus Tuesday's close of 87.68.

Indian equity indices ended lower on second consecutive session on August 28 with Nifty around 24500.

At close, the Sensex was down 705.97 points or 0.87 percent at 80,080.57, and the Nifty was down 211.15 points or 0.85 percent at 24,500.90. About 1409 shares advanced, 2501 shares declined, and 142 shares unchanged.

Biggest Nifty losers included Shriram Finance, HCL Technologies, TCS, Power Grid Corporation, Infosys, while gainers were Titan Company, L&T, Coal India, Asian Paints, Hero MotoCorp.

Among sectors, except Consumer Durables, all other sectoral indices ended in the red with bank, IT, realty, FMCG, telecom down 1% each.

The BSE midcap index shed 1 percent and smallcap index declined 0.9 percent.

Infosys announced a strategic collaboration with Mastercard to offer financial institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities.

Infosys was quoting at Rs 1,499.55, down Rs 30.30, or 1.98 percent.

It has touched an intraday high of Rs 1,528.40 and an intraday low of Rs 1,498.10.

It was trading with volumes of 217,250 shares, compared to its five day average of 361,352 shares, a decrease of -39.88 percent.

In the previous trading session, the share closed down 0.18 percent or Rs 2.75 at Rs 1,529.85.

The share touched a 52-week high of Rs 2,006.80 and a 52-week low of Rs 1,307.10 on 13 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 25.28 percent below its 52-week high and 14.72 percent above its 52-week low.

Market capitalisation stands at Rs 622,968.60 crore.

Poonawalla Fincorp was quoting at Rs 425.00, down Rs 27.40, or 6.06 percent.

It has touched an intraday high of Rs 455.00 and an intraday low of Rs 421.30.

It was trading with volumes of 46,303 shares, compared to its five day average of 58,943 shares, a decrease of -21.44 percent.

In the previous trading session, the share closed down 3.21 percent or Rs 15.00 at Rs 452.40.

The share touched a 52-week high of Rs 483.35 and a 52-week low of Rs 267.25 on 04 July, 2025 and 04 March, 2025, respectively.

Currently, the stock is trading 12.07 percent below its 52-week high and 59.03 percent above its 52-week low.

Market capitalisation stands at Rs 33,116.37 crore.

IRB Infrastructure Developers was quoting at Rs 42.21, down Rs 1.97, or 4.46 percent.

It has touched an intraday high of Rs 44.20 and an intraday low of Rs 42.14.

It was trading with volumes of 926,181 shares, compared to its five day average of 834,815 shares, an increase of 10.94 percent.

In the previous trading session, the share closed down 1.95 percent or Rs 0.88 at Rs 44.18.

The share touched a 52-week high of Rs 66.35 and a 52-week low of Rs 41.01 on 29 August, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 36.38 percent below its 52-week high and 2.93 percent above its 52-week low.

Market capitalisation stands at Rs 25,490.62 crore.

QIB – 0.68 times

NII - 9.37 times

Retail – 4.74 times

Overall – 4.57 times

QIB – 0.92 times

NII - 1.69 times

Retail – 19.71 times

Overall – 2.91 times

#1 Given lower oil prices & reduced LPG losses, expect strong earnings

#2 Any payouts for under-recoveries would be a positive

#3 Q1 earnings were lower than estimates due to higher inventory losses

#4 Marketing margins strong, while LPG losses reduced

#5 BPCL – buy call, target price at Rs 420

#6 HPCL – buy call, target price at Rs 520

#7 IOC – buy call, target price at Rs 190

The Sensex was down 650.96 points or 0.81 percent at 80,135.58, and the Nifty was down 188.40 points or 0.76 percent at 24,523.65. About 1275 shares advanced, 2375 shares declined, and 116 shares unchanged.

Vardhman Textiles was quoting at Rs 450.30, up Rs 52.15, or 13.10 percent.

It has touched an intraday high of Rs 453.15 and an intraday low of Rs 387.40.

It was trading with volumes of 1,168,561 shares, compared to its five day average of 86,281 shares, an increase of 1,254.37 percent.

In the previous trading session, the share closed down 3.76 percent or Rs 15.55 at Rs 398.15.

The share touched a 52-week high of Rs 563.65 and a 52-week low of Rs 362.60 on 16 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 20.11 percent below its 52-week high and 24.19 percent above its 52-week low.

Market capitalisation stands at Rs 13,023.88 crore.

The company has received Letter of Acceptance from Innovative Resins for the Supply of Styrene Monomer. The cost of the contract is Rs 4,21,26,000.

The company has received Letter of Acceptance from Gujarat Narmada Valley Fertilizers & Chemicals Limited for the supply of Toluene. The cost of the contract is Rs 10,72,97,400.

The company has received Letter of Acceptance from BASF India for the supply of Styrene Monomer. The cost of the contract is Rs 15,04,50,000.

The company has received Letter of Acceptance from 3N Composite Products LLP/Orson Resins and coatings for the supply of Styrene Monomer. The cost of the contract is Rs 9,02,70,000.

AstraZeneca Pharma was quoting at Rs 8,308.85, up Rs 293.95, or 3.67 percent.

It has touched an intraday high of Rs 8,479.05 and an intraday low of Rs 8,079.60.

It was trading with volumes of 3,064 shares, compared to its five day average of 994 shares, an increase of 208.25 percent.

In the previous trading session, the share closed down 3.40 percent or Rs 282.20 at Rs 8,014.90.

The share touched a 52-week high of Rs 10,653.05 and a 52-week low of Rs 6,222.35 on 13 June, 2025 and 21 November, 2024, respectively.

Currently, the stock is trading 22 percent below its 52-week high and 33.53 percent above its 52-week low.

Market capitalisation stands at Rs 20,772.13 crore.

Indian rupee is trading marginally higher at 87.64 per dollar against Tuesday's close of 87.68.

Rallis India was quoting at Rs 344.40, down Rs 22.60, or 6.16 percent.

It has touched an intraday high of Rs 365.00 and an intraday low of Rs 342.55.

It was trading with volumes of 95,986 shares, compared to its five day average of 43,726 shares, an increase of 119.52 percent.

In the previous trading session, the share closed down 3.91 percent or Rs 14.95 at Rs 367.00.

The share touched a 52-week high of Rs 385.60 and a 52-week low of Rs 196.00 on 15 July, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 10.68 percent below its 52-week high and 75.71 percent above its 52-week low.

Market capitalisation stands at Rs 6,697.51 crore.

The company has received the Establishment Inspection Report (EIR) with a No Action Indicated status for its Central Laboratory Analytical Services in Hyderabad. The US FDA had conducted the inspection of the said laboratory during June 23–25 and concluded it with zero Form 483 observations.

• Ola Electric said all seven S1 Gen 3 scooters have received certification.
• Gen 3 scooters make up 56% of total volumes, making the approval significant.
• Both Gen 2 and Gen 3 scooters are now eligible for incentives of 13–18% of sales value till 2028.
• The company expects the move to boost profitability from this quarter.
• Ola Electric aims to turn its auto business EBITDA positive, calling the certification a key catalyst.

The Sensex was down 610.89 points or 0.76 percent at 80,175.65, and the Nifty was down 168.80 points or 0.68 percent at 24,543.25. About 1292 shares advanced, 2305 shares declined, and 131 shares unchanged.

QIB – 0.92 times

NII - 1.57 times

Retail – 18.39 times

Overall – 2.76 times

QIB – 0.67 times

NII - 8.90 times

Retail – 4.44 times

Overall – 4.32 times

Hero Motocorp was quoting at Rs 5,126.75, up Rs 50.75, or 1.00 percent.

It has touched an intraday high of Rs 5,225.00 and an intraday low of Rs 5,106.05.

It was trading with volumes of 62,656 shares, compared to its five day average of 46,365 shares, an increase of 35.14 percent.

In the previous trading session, the share closed up 0.24 percent or Rs 12.20 at Rs 5,076.00.

The share touched a 52-week high of Rs 6,245.00 and a 52-week low of Rs 3,322.60 on 24 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 17.91 percent below its 52-week high and 54.3 percent above its 52-week low.

Market capitalisation stands at Rs 102,569.79 crore.

#1 For July 2025, industry credit card spending growth moderated MoM to 12 percent YoY

#2 Industry credit card spending lowest since March 2025; card volume growth was stable at 7 percent YoY

#3 SBI Cards’ spending grew 21 percent YoY & its spending market share was steady at 17 percent

#4 Among key players, ICICI’s spending share rose MoM while HDFC Bank & Axis Bank fell slightly MoM

#1 Over the past 12 quarters, company has consistently delivered double-digit C&W sales growth

#2 Diverse sales stream: B2G estimated at 30 percent; B2B private capex: 35 percent; housing: 20 percent; exports: 6 percent; FMEG: 10 percent

#3 Market share gains, power capex, FMEG margin turnaround & strong order books in RDSS & Bharat net are key drivers

#4 Estimate FY25–28 EPS CAGR at over 26 percent

#5 FY27 PE now at 32x, in-line with 5-year historical average

The JSW Steel board approved the incorporation of a Joint Venture Company (JV) with Andhra Pradesh Mineral Development Corporation Limited (APMDC) with 89% equity held by the company and the balance equity stake of 11% held by APMDC (as free ride equity).

The JV would set up the Konijedu Marlapadu Integrated Iron Ore Project (Project) at Andhra Pradesh to mine and beneficiate low-grade iron ore.

JSW Steel was quoting at Rs 1,041.25, down Rs 6.25, or 0.60 percent.

It has touched an intraday high of Rs 1,054.95 and an intraday low of Rs 1,026.70.

It was trading with volumes of 19,309 shares, compared to its five day average of 52,836 shares, a decrease of -63.45 percent.

In the previous trading session, the share closed down 0.97 percent or Rs 10.25 at Rs 1,047.50.

The share touched a 52-week high of Rs 1,089.65 and a 52-week low of Rs 879.60 on 20 August, 2025 and 13 January, 2025, respectively.

Currently, the stock is trading 4.44 percent below its 52-week high and 18.38 percent above its 52-week low.

Market capitalisation stands at Rs 254,632.89 crore.

#1 July launches were weak, first decline in 4 years on LTM QoQ basis; Aug/Sep could catch up

#2 Q3CY25 sales strengthened across top 6 cities to Rs 1,89 lakh crore; Mumbai & Bangalore led

#3 Gurgaon at 7 months low; Hyderabad at 25 months high

#4 Price growth remained robust at 5 percent YoY NCR saw price growth of 19 percent YoY, followed by Mumbai & Bangalore at 7 percent

The board of directors of Schneider Electric Infrastructure at their meeting held today, i.e. August 28, 2025, has approved rResignation of Ms. Suparna Banerjee Bhattacharyya, from the position of Chief Financial Officer of the Company, effective from closure of business hours on September 15, 2025;

and appointment of Mr. Omkar Prasad as Chief Financial Officer (designated as Key Managerial Personnel & Senior Managerial Personnel) of the Company w.e.f. September 16, 2025.

Indian rupee has erased opening gains but still trading higher at 87.61 per dollar on Thursday versus Tuesday's close of 87.68.

The Sensex was down 525.38 points or 0.65 percent at 80,261.16, and the Nifty was down 144.55 points or 0.58 percent at 24,567.50. About 1387 shares advanced, 2156 shares declined, and 144 shares unchanged.

The shares of Ola Electric Mobility jumped nearly 10 percent to hit a five-month high of Rs 55.75 on August 28. The stock has now gained nearly 15 percent in two consecutive sessions after the firm said it has secured PLI certification for its Gen 3 scooter portfolio. Read More

The company has received an order worth Rs 88.02 crore from IndiaAI, an Independent Business Division under the Ministry of Electronics and Information Technology, for the immediate allocation of 1,024 H200 SXM GPUs (128 H200-8X) to GAN AI, which has been selected to build India’s foundational AI model.

Oil India has signed a joint venture agreement with Bharat Petroleum Corporation (BPCL) to execute a city gas distribution network in Arunachal Pradesh. The project includes establishing CNG stations and providing piped natural gas (PNG).

The Gangwal family's latest Rs 7,028 crore divestment (3.1% stake) continues their multi-year exit strategy, having steadily reduced promoter shareholding from 67.8% to 43.5% since 2022. In my opinion this is a pure liquidity-driven selling rather than concerns over IndiGo's business fundamentals. Today's 5% decline appears overdone, driven by immediate supply pressure and weak Q2 operating metrics affected by geopolitical disruptions and yield compression. The sharp selloff, however, presents a compelling accumulation opportunity for long-term investors.

Management's constructive outlook for H2FY26 recovery appears credible, with double-digit capacity expansion resuming in Q3-Q4, backed by international route additions to London and Copenhagen.

The anticipated A321XLR deliveries will provide additional growth prospects until CY26. Despite short-term headwinds from seasonal domestic weakness and fleet optimisation problems, IndiGo's strong market position, large orderbook, and secured slots at major airports (Jewar, Navi Mumbai) position the company well for the medium term.

PVP Ventures executed binding agreements to initially acquire 41.23% stake in 7 Med India Pvt. Ltd. and Epitome Group of Hospitals with a clear

contracted path to majority shareholding within 12 months from date of this announcement and a defined roadmap to increase it’s stake to 76% over time.

QIB – 0.91 times

NII - 1.39 times

Retail – 16.66 times

Overall – 2.56 times

S J Logistics (India) has received an order amounting to Rs 42 crores from customers for a period ranging from 4 months to 6 months starting from September, 2025, for end to end logistics services including DAP Shipment.

Vardhman Textiles was quoting at Rs 422.30, up Rs 24.15, or 6.07 percent.

It has touched an intraday high of Rs 433.75 and an intraday low of Rs 387.40.

It was trading with volumes of 171,939 shares, compared to its five day average of 86,281 shares, an increase of 99.28 percent.

In the previous trading session, the share closed down 3.76 percent or Rs 15.55 at Rs 398.15.

The share touched a 52-week high of Rs 563.65 and a 52-week low of Rs 362.60 on 16 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 25.08 percent below its 52-week high and 16.46 percent above its 52-week low.

Market capitalisation stands at Rs 12,214.05 crore.

The implementation of 6 MW Solar Power Plant has been successfully completed and is now fully operational at the Company's Cement manufacturing Plant at Gamalapadu village, Dachepalli Manda!, Palnadu District, in the State of Andhra Pradesh as part of Green Energy initiative.

Protean eGov Technologies was quoting at Rs 897.85, up Rs 14.80, or 1.68 percent.

It has touched an intraday high of Rs 912.95 and an intraday low of Rs 875.00.

In the previous trading session, the share closed up 7.93 percent or Rs 64.85 at Rs 883.05.

The share touched a 52-week high of Rs 2,225 and a 52-week low of Rs 716.50 on 30 August, 2024 and 12 August, 2025, respectively.

Currently, the stock is trading 59.65 percent below its 52-week high and 25.31 percent above its 52-week low.

Market capitalisation stands at Rs 3,640.50 crore.

Tata Communications was quoting at Rs 1,554.85, down Rs 6.05, or 0.39 percent.

It has touched an intraday high of Rs 1,580.35 and an intraday low of Rs 1,545.70.

It was trading with volumes of 1,370,382 shares, compared to its five day average of 958,282 shares, an increase of 43.00 percent.

In the previous trading session, the share closed down 2.00 percent or Rs 31.85 at Rs 1,560.90.

The share touched a 52-week high of Rs 2,175.00 and a 52-week low of Rs 1,293.00 on 03 October, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 28.51 percent below its 52-week high and 20.25 percent above its 52-week low.

Market capitalisation stands at Rs 44,313.23 crore.

Ramco Systems announced that it will implement its next-gen Aviation Software at United Aerospace Maintenance Company (UAMCO) Ltd, a leading provider of aircraft maintenance, repair and overhaul services.

he Ramco Cements was quoting at Rs 1,034.45, down Rs 10.50, or 1.00 percent.

It has touched an intraday high of Rs 1,045.10 and an intraday low of Rs 1,020.10.

It was trading with volumes of 4,291 shares, compared to its five day average of 8,519 shares, a decrease of -49.63 percent.

In the previous trading session, the share closed down 1.83 percent or Rs 19.45 at Rs 1,044.95.

The share touched a 52-week high of Rs 1,206.60 and a 52-week low of Rs 788.75 on 31 July, 2025 and 12 March, 2025, respectively.

Currently, the stock is trading 14.27 percent below its 52-week high and 31.15 percent above its 52-week low.

Market capitalisation stands at Rs 24,443.27 crore.

Tata Consultancy Services (TCS) has announced a partnership with Unilab, Inc., a leading pharmaceutical and healthcare company in the Philippines, to modernize its core business systems through a strategic cloud migration. This transformation will strengthen Unilab’s digital infrastructure, enhance operational agility, and drive long-term business growth.

The company has secured Rs 370.84 crores order from Mahan Energen Limited (MEL), one of the subsidiaries of Adani Power Limited, for Execution of Civil works and Erection of Prefabricated Structural Steel for BTG Unit 1 & 2 for Mahan Phase-III (2 x 800 MW), Mahan Energen Limited, Singrauli, Madhya Pradesh.

QIB – 0.63 times

NII - 8.08 times

Retail – 3.94 times

Overall – 3.88 times

The company’s subsidiary, HTL, has received a contract worth Rs 101.82 crore from the Indian Army for the supply of tactical optical fiber cables and related accessories.

RateGain Travel Technologies today announced a strategic partnership with Profitroom to help hotels in the Middle East and Africa expand their reach and optimize distribution through seamless channel connectivity.

#1 Management highlighted RoA should trend upwards to 1 percent by Q4, primarily aided by normalisation of NIMs

#2 Bank expects loan growth in FY26 to trend higher than industry

#3 On asset quality, it sees trends in both MFI & cards improving through the course of the year

#4 Bank does not have meaningful exposure to unsecured MSME loans

#5 Asset quality trends in business banking/housing portfolios are stable

#6 On capital front, bank will be taking an enabling board resolution for potential raise in FY26

#7 Bank intends to improve RoA delivery first before any potential dilution

The Sensex was down 191.62 points or 0.24 percent at 80,594.92, and the Nifty was down 48.95 points or 0.20 percent at 24,663.10. About 1505 shares advanced, 1907 shares declined, and 148 shares unchanged.

Hero Motocorp was quoting at Rs 5,153.65, up Rs 77.65, or 1.53 percent.

It has touched an intraday high of Rs 5,225.00 and an intraday low of Rs 5,106.05.

It was trading with volumes of 36,881 shares, compared to its five day average of 46,365 shares, a decrease of -20.46 percent.

In the previous trading session, the share closed up 0.24 percent or Rs 12.20 at Rs 5,076.00.

The share touched a 52-week high of Rs 6,245.00 and a 52-week low of Rs 3,322.60 on 24 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 17.48 percent below its 52-week high and 55.11 percent above its 52-week low.

Market capitalisation stands at Rs 103,107.97 crore.

Biocon Pharma Limited, a wholly-owned subsidiary of Biocon, has received tentative approval from the U.S. Food and Drug Administration (U.S. FDA) for its ANDA for Sitagliptin Tablets USP, in 25 mg, 50 mg and 100 mg strengths.

Sitagliptin tablets are indicated as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes mellitus.

Asian equity markets traded mixed on Thursday as gains in mainland Chinese stocks were offset by losses in India after US President Donald Trump imposed a crushing 50% tariff on the nation’s goods.

The board of directors of Karur Vysya Bank in its meeting held on August 28, 2025, has allotted 16,10,35,439 equity shares of

face value of Rs 2 each as fully paid-up bonus shares.

Karur Vysya Bank was quoting at Rs 215.80, down Rs 0.35, or 0.16 percent.

It has touched an intraday high of Rs 216.85 and an intraday low of Rs 213.15.

It was trading with volumes of 28,693 shares, compared to its five day average of 99,259 shares, a decrease of -71.09 percent.

In the previous trading session, the share closed down 1.64 percent or Rs 3.60 at Rs 216.15.

The share touched a 52-week high of Rs 231.29 and a 52-week low of Rs 153.67 on 01 July, 2025 and 13 March, 2025, respectively.

Currently, the stock is trading 6.7 percent below its 52-week high and 40.43 percent above its 52-week low.

Market capitalisation stands at Rs 20,854.81 crore.

Aptech has been awarded project from Autonomous Government Body for Entrance examination in higher educational Institution to conduct Computer based online examination.

Aptech was quoting at Rs 128.75, down Rs 0.85, or 0.66 percent.

It has touched an intraday high of Rs 131.30 and an intraday low of Rs 128.75.

It was trading with volumes of 2,527 shares, compared to its five day average of 6,026 shares, a decrease of -58.06 percent.

In the previous trading session, the share closed up 0.35 percent or Rs 0.45 at Rs 129.60.

The share touched a 52-week high of Rs 241.50 and a 52-week low of Rs 106.20 on 29 August, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 46.69 percent below its 52-week high and 21.23 percent above its 52-week low.

Market capitalisation stands at Rs 746.77 crore.

The company has received Letter of Intent from REC Power Development and Consultancy of 3670.73 million.

G R Infraprojects was quoting at Rs 1,273.00, up Rs 12.30, or 0.98 percent.

It has touched an intraday high of Rs 1,342.95 and an intraday low of Rs 1,264.

It was trading with volumes of 332 shares, compared to its five day average of 3,462 shares, a decrease of -90.41 percent.

In the previous trading session, the share closed down 0.76 percent or Rs 9.70 at Rs 1,260.70.

The share touched a 52-week high of Rs 1,766.70 and a 52-week low of Rs 902.05 on 24 September, 2024 and 17 March, 2025, respectively.

Currently, the stock is trading 27.94 percent below its 52-week high and 41.12 percent above its 52-week low.

Market capitalisation stands at Rs 12,315.04 crore.

QIB – 0.62 times

NII - 6.66 times

Retail – 3.09 times

Overall – 3.15 times

QIB – 0.91 times

NII - 1.00 times

Retail – 11.96 times

Overall – 2.03 times

The company has signed a joint venture agreement with Texmaco Rail & Engineering to undertake projects in the railway and allied infrastructure sectors. The proposed shareholding will be 51% for RVNL and 49% for Texmaco Rail.

The company has received the ISCC PLUS certification (International Sustainability and Carbon Certification), further strengthening its global leadership in sustainable and traceable supply chains.

Himadri Speciality Chemical was quoting at Rs 457.45, up Rs 2.65, or 0.58 percent.

It has touched an intraday high of Rs 458.65 and an intraday low of Rs 450.35.

It was trading with volumes of 8,208 shares, compared to its five day average of 37,359 shares, a decrease of -78.03 percent.

In the previous trading session, the share closed down 2.38 percent or Rs 11.10 at Rs 454.80.

The share touched a 52-week high of Rs 688.50 and a 52-week low of Rs 351.40 on 18 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 33.56 percent below its 52-week high and 30.18 percent above its 52-week low.

Market capitalisation stands at Rs 22,605.23 crore.

The company's subsidiary, HTL, has received a contract worth Rs 101.82 crore from the Indian Army for the supply of tactical optical fiber cables and related accessories.

HFCL was quoting at Rs 71.65, down Rs 0.13, or 0.18 percent.

It has touched an intraday high of Rs 72.42 and an intraday low of Rs 70.42.

It was trading with volumes of 161,864 shares, compared to its five day average of 447,639 shares, a decrease of -63.84 percent.

In the previous trading session, the share closed down 3.27 percent or Rs 2.43 at Rs 71.78.

The share touched a 52-week high of Rs 171 and a 52-week low of Rs 70.40 on 23 September, 2024 and 14 August, 2025, respectively.

Currently, the stock is trading 58.1 percent below its 52-week high and 1.78 percent above its 52-week low.

Market capitalisation stands at Rs 10,336.75 crore.

The company has signed a license agreement for a hotel property—Lemon Tree Resort in Pench, Maharashtra. The property will be managed by its subsidiary, Carnation Hotels.

Lemon Tree Hotels was quoting at Rs 167.50, up Rs 2.35, or 1.42 percent.

It has touched an intraday high of Rs 168.60 and an intraday low of Rs 165.25.

It was trading with volumes of 71,153 shares, compared to its five day average of 251,648 shares, a decrease of -71.73 percent.

In the previous trading session, the share closed down 1.87 percent or Rs 3.15 at Rs 165.15.

The share touched a 52-week high of Rs 175.00 and a 52-week low of Rs 110.55 on 22 August, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 4.29 percent below its 52-week high and 51.52 percent above its 52-week low.

Market capitalisation stands at Rs 13,270.13 crore.

The Sensex was down 416.09 points or 0.52 percent at 80,370.45, and the Nifty was down 123.70 points or 0.50 percent at 24,588.35. About 1173 shares advanced, 2043 shares declined, and 156 shares unchanged.

The company has been declared the successful bidder to establish an inter-state transmission system in Karnataka. The project involves transmission system strengthening at Davanagere for the integration of renewable energy generation, under the build-own-operate-transfer (BOOT) model. The company has received the Letter of Intent (LoI) for the said project.

The company has received a purchase order from a customer for a scanning and digitization project. The aggregate value of the order is Rs 73.12 crore.

Newgen Software Technologies was quoting at Rs 907.10, up Rs 11.30, or 1.26 percent.

It has touched an intraday high of Rs 922.90 and an intraday low of Rs 896.50.

It was trading with volumes of 67,659 shares, compared to its five day average of 147,416 shares, a decrease of -54.10 percent.

In the previous trading session, the share closed down 2.81 percent or Rs 25.90 at Rs 895.80.

The share touched a 52-week high of Rs 1,795.50 and a 52-week low of Rs 740.05 on 15 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 49.48 percent below its 52-week high and 22.57 percent above its 52-week low.

Market capitalisation stands at Rs 12,851.68 crore.