Nifty staged a smart rebound on the back of the US Fed’s dovish signal but ended below the key resistance level of 25,000. IT heavyweights like Infosys, TCS, and Wipro led the gains, while metals and consumer durables also stood out among the top performers. On the flip side, Nifty Media and FMCG indices saw notable declines, and the broader markets underperformed the benchmark. Meanwhile, two new IPOs – Vikran Engineering and Anlon Health – are set to open today. This morning, global cues were muted. US markets retreated overnight as US President fired first Black female governor Lisa Cook over mortgage allegations. Asian markets also faltered this morning as reports suggested that Donald Trump warned 200 percent tariffs on China if they did not export rare earth magnets. Catch Lovisha Darad in conversation with Ajit Mishra--SVP, Technical Research, Religare Broking and Gaurang H Shah, Sr. Vice President, Geojit Financial Services.
first published: Aug 26, 2025 09:02 am
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