Taking Stock: Market reacts to mixed macroeconomic data; Sensex down 693 pts, Nifty below 24,150

Market Today

Indian equity indices ended lower for the second consecutive session on August 13 with Nifty below 24,150 amid mixed macroeconomic data with CPI falling near to 5-year low in July, while IIP growing at a slower pace at 4.2 percent in June.

At close, the Sensex was down 692.89 points or 0.87 percent at 78,956.03, and the Nifty was down 208 points or 0.85 percent at 24,139.

The market opened marginally lower and extended the losses as the day progressed, dragging Nifty near 24,100 and Sensex below 79,000 amid selling across the sectors.

Titan Company, Apollo Hospitals, Dr Reddy's Labs, Tata Consumer, HCL Tech were among major gainers on the Nifty, while Shriram Finance, BPCL, HDFC Life, HDFC Bank and Bajaj Finance were among the losers.

All the sectoral indices ended in the red with bank, power, oil & gas, metal, media, telecom down one percent each.

BSE Midcap and Smallcap indices also lost one percent each.

Nearly 240 stocks touched 52-week high on the BSE including Cipla, Aurobindo Pharma, Ajanta Pharma, Oil India, ONGC, TVS Motor, Torrent Pharma, Federal Bank, Lupin, Colgate Palmolive, Voltas, Glenmark Pharma, among others. Click to View Full List

Outlook for August 14

Index	Prices	Change	Change%
Sensex	85,106.81	-31.46	-0.04%
Nifty 50	25,986.00	-46.20	-0.18%
Nifty Bank	59,348.25	74.45	+0.13%

Nifty 50 25,986.00 -46.20 (-0.18%)

Wed, Dec 03, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Wipro	254.69	4.52	+1.81%

Biggest Loser	Prices	Change	Change%
Max Healthcare	1,086.00	-31.50	-2.82%

Best Sector	Prices	Change	Change%
Nifty IT	37825.30	284.00	+0.76%

Worst Sector	Prices	Change	Change%
Nifty PSU Bank	8253.20	-261.70	-3.07%

Aditya Gaggar Director of Progressive Shares

After a muted opening, bears struck with full force, and the Index compounded its losses throughout the session to end the day lower at 24,139 with a cut of 208 points. Barring IT, all other sectors ended in the red with Metal and PSU Banks being the major laggards. A mixed trend was observed in the Broader markets where Midcaps marginally outperformed while Smallcap ended with a loss of over 1% and underperformed.

With a big red candle, the Index is comfortably back in the range of 23,960-24,400. We advise to wait until the Index provides a clear picture by violating either range.

Rupak De, Senior Technical Analyst, LKP Securities

Bears have returned to the market as the index repeatedly failed to break above the 21 EMA. The near-term trend appears negative. On the upside, 24,250 now serves as a new resistance level, and as long as Nifty remains below 24,250, the strategy should be to sell on rallies.

On the downside, initial support is around 24,000; if the index falls below this level, it may decline further towards 23,700.

Ajit Mishra – SVP, Research, Religare Broking

The markets continued their downward trend, losing nearly a percent as the correction phase persisted. Despite a flat start, the Nifty gradually declined, closing near the day's low at 24,140.70. The pressure was primarily due to a drop in banking and financial heavyweights, while IT majors attempted to limit the losses. Broader indices also struggled, with declines ranging from 0.8% to 1.3%.

Nifty is under pressure after failing to surpass the 20-day EMA resistance and appears poised to retest the 24,000 support zone. The decline in banking majors has disrupted the recovery, while other sectors are trading mixed. We recommend monitoring leveraged positions closely and waiting for clearer market signals.

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