Nifty recorded a 200 point fall, while Sensex tumbled nearly one percent as U.S. President Donald Trump's tariffs continued to sour investor sentiment.
Sentiment remained cautious after additional 25 percent tariffs on Russian oil purchases took effect yesterday, adding to global trade tensions.
Laggards on the index included Shriram Finance, HCL Tech, HDFC Bank, Jio Financial Services, TCS, and NTPC.
Foreign investors (FIIs/FPIs) net sold Rs 6,517 crore into Indian equities on Tuesday, August 26, marking their highest selling since May 20.
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.
Gold rate today: Check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on August 27.
Biggest Nifty losers were Shriram Finance, Sun Pharma, Tata Steel, Bajaj Finance, Trent, while gainers included Eicher Motors, HUL, Maruti Suzuki, Nestle India, ITC.
Laggards on the index included Shriram Finance, Sun Pharma, Tata Steel, Bajaj Finance, and Trent.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,00,812 per 10 grams today.
Broader markets underperformed for the second straight day this week, while FMCG names saw some buying on GST rationalisation hopes.
Laggards on the index included Tata Steel, Dr Reddy's, ICICI Bank, Bharat Electronics, and Hindalco.
Nifty 50 and Sensex recorded gains, kicking off the holiday-truncated trading week on a positive note on August 25. Dovish signals from the U.S. Federal Reserve raised hopes of a rate cut.
Biggest Nifty losers were Shriram Finance, Sun Pharma, Tata Steel, Bajaj Finance, Trent, while gainers included Eicher Motors, HUL, Maruti Suzuki, Nestle India, ITC. Except FMCG, all other sectoral indices ended in the red with PSU Bank, metal, pharma, oil & gas, consumer durables, realty, telecom down 1-2%. The BSE midcap index shed 1.3 percent and smallcap index fell 1.7 percent.
160 stocks touched their 52-week highs on the BSE, including TVS Motor, eClerx Services, Jindal Stainless, Nykaa, UPL, HDFC AMC, Paytm, UNO Minda, Delhivery, Maruti Suzuki, M&M, Cummins India, Sai Life Sciences, among others.
The Federal Reserve Chief Powell’s remark at Jackson Hole that the current factors warrant policy adjustment spurred the bulls on August 25.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,00,195 per 10 grams today.
Indian markets stayed buoyant on August 25, with Sensex and Nifty edging higher on hopes of a US Fed rate cut and broad-based buying across sectors. IT and metal stocks outperformed, even as analysts flagged potential volatility from upcoming tariff deadlines and macro data.
In the near term, three factors will guide market direction: the Fed’s September decision, the trajectory of FII flows, and the outcome of a possible trade deal with the US as the August 27 deadline approaches.
In practical terms, the global market is now factoring in a 25 basis point cut by the Fed in September.
The most eye-catching event arrives in November when electric two-wheeler maker Ather Energy sees its six-month lock-in end.
BSE Midcap and Smallcap indices ended flat. On the sectoral front, IT index rose 2.4%, Realty index added 0.7%, metal index jumped 0.6%. Infosys, TCS, HCL Technologies, Wipro and IndusInd Bank were among major gainers on the Nifty, while losers were Apollo Hospitals, Nestle India, Bharat Electronics, Adani Enterprises and SBI Life.
All eyes now turn to the US Core PCE data, which is expected to rise 0.3 percent MoM in July, pushing the annual rate to 2.9 percent from 2.8 percent, further away from the Fed’s 2 percent target.
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.
After rising for six consecutive sessions, bears pulled Nifty 50 below its psychological support of 25,000, while Sensex sank 700 points in trade.