Taking Stock: Sensex closes below 80,000, Nifty near 24,400; FMCG shines, realty drags

Market Today

The Indian equity market ended lower in the rangebound session on August 29 with Nifty at around 24,400 and Sensex settled below 80,000 mark. Despite a negative start, the market traded in a positive territory for the most part of the session but amid final hour selling pressure, the indices ended near day's low.

At close, the Sensex was down 270.92 points or 0.34 percent at 79,809.65, and the Nifty was down 74.05 points or 0.30 percent at 24,426.85. BSE Midcap index shed 0.4 percent and smallcap index down 0.3 percent.

For the week, the BSE Sensex and Nifty shed 1.8 percent each, while in the month of August both the indices lost 1.5 percent each.

Also Read: NSE to conduct mock trading session on Saturday: Here are the timings

Shriram Finance, ITC, Bharat Electronics, Trent, Asian Paints were among top gainers on the Nifty, while losers were M&M, Infosys, Apollo Hospitals, Adani Enterprises, Reliance Industries.

On the sectoral front, metal, IT, realty, auto shed 0.5-1%, while Capital Goods, Consumer Durables, media, FMCG index rose 0.2-1%.

Also Read: Real estate stocks show steady performance, yet mutual funds remain wary

In stock-specific action, Navneet Education shares rose nearly 2% on talk of GST rate rejig for stationery items, CG Power shares added nearly 5% as arm unveils OSAT facilities in Sanand, Gujarat, Jain Irrigation Systems share price gained 3% as board to consider fund raising proposal on Sept 2, Sammaan Capital shares surged more than 5% on raising USD 300 million via bond allotment.

Index	Prices	Change	Change%
Sensex	84,391.27	-275.01	-0.32%
Nifty 50	25,758.00	-81.65	-0.32%
Nifty Bank	58,960.40	-261.95	-0.44%

Nifty 50 25,758.00 -81.65 (-0.32%)

Wed, Dec 10, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Eicher Motors	7,228.50	105.50	+1.48%

Biggest Loser	Prices	Change	Change%
Interglobe Avi	4,805.50	-162.00	-3.26%

Best Sector	Prices	Change	Change%
Nifty Metal	10159.00	46.35	+0.46%

Worst Sector	Prices	Change	Change%
Nifty Midcap 100	59007.80	-668.40	-1.12%

Power and Instrumentation (Gujarat) share price added 2% on bagging work order worth Rs 9.5 crore, Authum Investment shares hits 52-week high as company to sell up to 20% stake in Billion Dream Sports to HRX group, Welcure Drugs & Pharmaceuticals shares fell 5% on board approval for fundraising of up to Rs 80 crore via qualified institutions placement, Yes Bank shares share price jumped 2% on report of SMBC set to infuse Rs 16,000 crore,

Nearly 100 stocks touched their 52-week highs on the BSE, including Credit Access Grameen, HBL Engineering, Dalmia Bharat, Procter and Gamble Health, Authum Investment, among others. Click to View More

Markets began the new derivatives series on a muted note, extending the prevailing corrective phase. After an initial uptick, the Nifty traded in a narrow range for most of the session; however, selling pressure in select heavyweights during the closing hours dragged the index lower. Consequently, it settled near the day’s low at 24,426.85, down 0.30%. Sector-wise, barring FMCG, all major sectors ended in the red, with realty, IT, and auto leading the decline. The broader indices also mirrored this trend, losing nearly half a percent each.

The ongoing decline appears to be more sentiment-driven in the absence of fresh positive triggers. Notably, the Nifty is now approaching a critical support zone at 24,250–24,350. Meanwhile, the banking index has almost tested its major support around the 200 DEMA at 53,600, which could prompt some pause or even a rebound. That said, participants should continue to adopt a cautious approach, with greater emphasis on risk management, until there are clear signs of a consolidation.

The downside momentum continued in the market on Friday and Nifty closed the day lower by 74 points amidst choppy movement. After opening on a weak note, the market made an attempt to bounce back in the early to mid-part of the session. The selling pressure has emerged towards the end and the markets closed at the lows.

A small negative candle was formed on the daily chart with long upper shadow. Technically, this market action indicates weak bounce and sell on rise in the market. Hence, one may expect some more weakness in the coming week.

Nifty is nearing a crucial lower support around 24300-24200 levels (previous swing low and 200day EMA), but a sustainability above the said supports could be doubtful. Hence, a decisive move below 24200, the Nifty could slide down to the next lows of around 24000-23900 levels in the near term. However, a strong upside momentum above the hurdle of 24700 could change the sentiment in favor of bulls.

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