Taking Stock: Nifty ends below 24,900 to snap a six-day gaining streak amid broadbased selloff

Tata Motors, Shriram Finance, Trent, Titan Company, and Coal India were the top losers.

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26 Aug, 2025 12:21

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Benchmark indices sold off on June 12, erasing all of the previous session's gains and snapping a six-day gaining streak, as Nifty 50 closed below 24,900 amid broad-based selling.

At close, the Sensex was down 823.16 points or 1 percent at 81,691.98, and the Nifty was down 253.20 points or 1.01 percent at 24,888.20. The broader indices underperformed the main indices with BSE midcap index down 1.5 percent and smallcap index down 1.3 percent.

After a modestly lower start, bears took full control by the afternoon, with extended last hour selling that dragged the Nifty 50 index below 24,900 near day's low, however, managed to hold on to the 20-DMA of 24,860.

Biggest Nifty losers were Tata Motors, Shriram Finance, Trent, Titan Company, Coal India, while gainers were Apollo Hospitals, Dr Reddy's Labs, Bajaj Finserv, Asian Paints, Tech Mahindra.

All the sectoral indices ended in the red with auto, Consumer Durables, FMCG, metal, IT, power, oil & gas, realty down 1-2 percent.

In stock specific action, Paytm shares tumbled 7% after FinMin says no plan to levy MDR charge on UPI transactions, MapmyIndia shares dropped 9% after 28.6 lakh shares change hands, Kellton Tech Solutions shares rose 5 percent as company board to consider fundraising on June 19, Zee Entertainment shares gained 1.5 percent ahead of board meeting on June 16, Sterlite Technologies share price added 9 percent on signing agreement with BSNL for Rs 2,631.14 crore telecom project.

Also Read: Nifty likely to end CY25 between 25,000 and 27,000; maximum 10% further fall possible

Nearly 100 stocks on the BSE touched their 52-week highs, including Eris Lifesciences, AstraZeneca Pharma, Manappuram Finance, Muthoot Finance, Anupam Rasayan, AU Small Finance, Divis Labs, Deepak Fertilsers, Procter and Gamble Health, Intellect Design, Laurus Labs, among others. Click to View More

Index	Prices	Change	Change%
Sensex	85,712.37	447.05	+0.52%
Nifty 50	26,186.45	152.70	+0.59%
Nifty Bank	59,777.20	488.50	+0.82%

Nifty 50 26,186.45 152.70 (0.59%)

Fri, Dec 05, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Shriram Finance	854.90	26.75	+3.23%

Biggest Loser	Prices	Change	Change%
Interglobe Avi	5,370.50	-66.00	-1.21%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	8381.75	125.05	+1.51%

Worst Sector	Prices	Change	Change%
Nifty Pharma	22947.20	-11.80	-0.05%

The S&P 500 ended lower on Wednesday, with investors spooked by Middle East tensions, while a tame inflation report calmed concerns around tariff-driven price pressures and traders awaited more details on China-U.S. trade talks. Asian indices also ended mostly lower as investors assessed US President Trump’s declaration that a trade deal with China was “done.”

Nifty slipped sharply following a consolidation breakdown on the daily chart, indicating bearish pressure around the recent market top near 25,200. The index found support near the lower end around 24,850 and managed to hold above this level.

Despite the sharp fall, other technical conditions remain intact, suggesting that the broader trend is still strong and a short-term reversal is possible. However, a decisive break below 24,850 could weaken market sentiment. On the higher side, 25,000 is likely to act as immediate resistance.

It was a bear dominated day of trade. Following a muted start, the Index compounded its losses, and a sudden decline in the late afternoon session dragged it further lower to settle the trade at 24,888.20 with a loss of 253.20 points.

All the sectors concluded trade in the negative territory, with Realty and Energy being the major laggards. Mid and Smallcaps tumbled over 1.50% each, lagging the Frontline Index.

On the daily chart, Nifty50 has formed a strong bearish candle but managed to defend its 21DMA support.

A sustained move below 21-DMA would pull the Index further down to 24,700, while on the higher side, the level of 25,080 will be considered as a strong barrier. The immediate support is placed at 24,830.