The Indian stock market has traded volatilely in the past four days, with the Sensex closing near 80,600 and the Nifty holding above 24,630 by the end of August 14. However, this trading week was shortened due to a national holiday. With India celebrating Independence Day on August 15, trading on the BSE and NSE is closed.
Stock Market Holiday August 15:
As per the BSE and NSE holiday list, August 15 is a trading holiday due to the celebration of the 79th Independence Day. That being said, trading will be closed in equity, equity derivatives, derivatives, bonds, commodities, forex, and other market-related instruments on Friday.
Sensex, Nifty 50:
After market hours of August 14, Sensex closed at 80,597.66, up by 57.75 points, or 0.07%. While Nifty 50 ended at 24,631.30, higher by 11.95 points, or 0.05%.
Explaining the latest performance, Ajit Mishra, SVP, Research, Religare Broking, said, "Markets traded lacklustre on the weekly expiry day and ended almost unchanged. After a flat start, the Nifty oscillated within a narrow range before finally settling at the 24,631.30 level. Meanwhile, a mixed trend across sectors kept participants engaged, with IT, financials, and banking ending in the green, while metal, energy, and realty were among the top losers. However, the recent decline resumed in the broader indices after a short-lived bounce, with both the midcap and smallcap indices losing nearly half a percent each."
However, in the past five sessions, Sensex surged by 360.24 points or 0.45%, and Nifty 50 gained by 116.35 points or 0.47%.
On the other hand, foreign portfolio investors (FPIs) have continued to net sellers in August so far. From August 1st to August 4th, FPIs outflow stood at Rs 20,975 crore in Indian equity market.
Meanwhile, Trading Economics data highlighted that the Indian rupee weakened to 87.7 per USD, remaining close to the record low of 88.1 on August 5th amid steeper US tariffs on India and the outlook of a dovish RBI. US President Trump announced a new tariff of 25% on Indian imports due to the country's continued buying and re-exporting of Russian oil. This was after PM Modi pushed back and stated that Indian firms buy the most favorable energy in an uncertain economic backdrop.
Sensex, Nifty Outlook Next Week:
According to Mishra, the prevailing consolidation suggests that markets have largely digested recent negatives and are now awaiting a trigger for recovery. Additionally, oversold positions in heavyweights across sectors are further supporting this possibility.
He added, "Going forward, a decisive break above 24,800 on the Nifty could spark fresh momentum; otherwise, consolidation may persist. Participants should maintain a stock-specific trading approach with a focus on risk management."
Furthermore, Vinod Nair, Head of Research, Geojit Investments said, "Global cues remain positive due to softer US inflation data and a fall in the US 10-year bond yield, reflecting conviction for a Fed rate cut in the September policy meeting. In the near term, stock-specific movements are likely to persist with attention toward domestic consumption-led sectors to beat volatility. The geopolitical developments, particularly the upcoming Trump-Putin meeting, could act as a catalyst for near-term market sentiment."
Independence Day 2025:
Independence Day is celebrated annually on 15 August as a public holiday in India, commemorating the nation's independence from the United Kingdom on 15 August 1947. On this day, the Indian Independence Act 1947 came into effect, transferring legislative sovereignty to the Indian Constituent Assembly, as per Wikipedia.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
Click it and Unblock the Notifications
Sign in with Google