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Closing Bell: Nifty Ends Below 24,750; Sensex Falls 849 Pts; FMCG Bucks the Trend
Stock Market Live Updates: As of 2 PM on Tuesday, August 26, stock market was under pressure with the Sensex slipping 556.51 points (0.68%) to 81,079.40 and the Nifty falling 164.90 points (0.66%) to 24,802.85. All major sectoral indices traded in the red. Among the most active NSE stocks were newly listed Vikram Solar, Ola Electric, etc. Top gainers pack included Eicher Motors, HUL, Maruti Suzuki.
The Indian stock market made a weak start of day. Earlier, Gift Nifty had indicated a negative start of the Indian stock market today, ie Tuesday, as investors remain cautious about the Donald Trump tariff deadline.
The Indian stock market made a strong start of the week, with Nifty 50 ending 97 points higher at 24,967, whereas BSE Sensex was up around 329 points and was trading above 81,635 points. While the Trump tariff fear is keeping the stock market on edge, proposed GST rate cuts are acting as a booster to investors' sentiment.
"The Sensex rose 329 points, or 0.40%, to close at 81,635, while the Nifty gained 975 points, or 0.40%, to end at 24,967. Globally, U.S. markets rallied 2% on Friday, and Asian markets rose up to 1%, after Powell's dovish remarks fueled optimism of a rate cut in September. IT stocks were the top performers, driven by expectations of a 25 bps Fed rate cut next month, with the Nifty IT index climbing over 2% as Infosys, TCS, HCL Tech, Mphasis, and Wipro gained 2-4%. Paper stocks also rallied sharply after the government imposed a Minimum Import Price on Virgin Multi-layer Paper Board to protect domestic players from low-cost Indonesian imports, following a DGTR probe confirming dumping. JK Paper, West Coast Paper, and Emami Paper surged up to 20%," noted Motilal Oswal in its report.
Stock Market Live Updates: Markets End in the Red; FMCG Bucks the Trend
Most major sectors closed lower, with mid- and small-cap stocks also facing selling pressure. Realty, healthcare, and PSU bank stocks led the decline. The FMCG sector was the only one to remain in positive territory, while both IT and Bank indices also slipped.
Stock Market Live Updates: Vodafone Idea Shares Tumble 9% After Government Rules Out Further AGR Relief
Shares of Vodafone Idea fell sharply by 9%, hitting a day’s low of Rs 6.66 on the BSE on Tuesday, following a government clarification that no additional relief is being considered regarding the company’s adjusted gross revenue (AGR) dues.
Most Active NSE Stocks Today:
As of 2 PM the most active stocks on NSE included Sai Life Sciences, Vikram Solar, Ola Electric, BSE Limited, Maruti, Protean eGov, TCS and HDFC Bank, with high trading volumes and big price movements across the board.
Top Gainer+ Losers So far
On the Nifty 50 index, Eicher Motors led the gains with a 2.63% jump, followed by HUL up 2.33%, Maruti Suzuki rising 1.74%, Nestle gaining 1.52%, and Asian Paints also trading higher. On the flip side, Shriram Finance slipped 3.10%, Sun Pharma fell 2.78%, Tata Steel dropped 2.06%, Bajaj Finance declined 1.72%, and Bharat Electronics was down 1.60%.
Gland Pharma Receives Approval for Vasopressin in 5% Dextrose RTU Injection
Gland Pharma Limited, a generic injectable & ophthalmicfocused pharmaceutical company, has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application filed for Vasopressin in 5% Dextrose Injection, 40 Units per 100 mL (0.4 Units per mL) RTU Vials and tentative approval for Vasopressin in 5% Dextrose Injection, 20 Units per 100 mL (0.2 Units per mL) RTU Vials. The Product is bioequivalent and therapeutically equivalent to the reference listed drug (RLD), VASOSTRICT Injection 40 Units per 100 mL (0.4 Units per mL) and 20 Units per 100 mL (0.2 Units per mL) of PH Health Limited (PH Health).
JSW Infrastructure Upgraded to Investment Grade by Fitch; Moody’s Revises Outlook to Positive
JSW Infrastructure Limited a part of the JSW Group and India’s second-largest private commercial port operator, is proud to announce that Fitch Ratings has upgraded its credit rating to ‘BBB-’ from ‘BB+’, marking a significant milestone as JSWIL enters the investment grade category. The outlook assigned by Fitch is Stable. Separately, Moody’s Ratings has affirmed JSW Infrastructure’s Corporate Family Rating (CFR) and Senior Secured Bond Rating at ‘Ba1’, while upgrading the outlook to Positive from Stable, reflecting growing confidence in the company’s strategic direction and operational resilience
Nifty Prediction Today By Anand James, Chief Market Strategist, Geojit Investments Limited
Inability to close above 25000/25033 region yesterday suggests that buyers are not keen on chasing prices higher. This leaves room for dips. Upswing possibility could diminish if Nifty slips below 24870, but it would require a direct fall below 24740 to initiate downside plays.
Market Outlook Today By Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited
Despite sluggish earnings growth and headwinds like high tariffs, the market continues to be resilient. Resilient market co-existing with tepid earnings growth has made India the most expensive market in the world. Consequently FIIs have been sustained sellers; but massive DII buying totally eclipsing FII selling is supporting the market even amidst strong headwinds. Since the principal reason for the market’s resilience is liquidity and liquidity flows are likely to sustain, the market is unlikely to correct significantly and the elevated valuations may continue. As a measure of abundant caution, investors may avoid unjustifiably expensive smallcaps and focus on largecaps which are reasonably fairly valued.
Sector Update: Strategy | India Personal Taxes | A decade of formalisation & compliance
“India’s direct tax system has undergone a structural transformation since 2014, marked by a: (1) sharp broadening of the taxpayer base, (2) compositional shift in collections, and (3) stronger upfront compliance. Over the period FY14-24, individual return filers have grown 2.3x, while the broader taxpayer base, including those paying through TDS without filing returns, has nearly doubled. Personal income tax collections have overtaken corporate taxes, with the former’s share rising from 38.1% in FY14 to 53.4% in FY24. Upfront tax capture has strengthened, with TDS collections climbing from INR 2.5trln to INR 6.5trln and advance tax rising from INR 2.9trln to INR 12.8trln over the same period. The introduction of GST in 2017 has further tightened income reporting through invoice-matching and data integration. While India’s direct tax-to-GDP ratio has reached 6.6%, ahead of some emerging peers, it is still trailing developed economies. Together, these shifts indicate a structurally narrower space for outright evasion and a more robust compliance architecture than a decade ago,” said Venkatesh Balasubramaniam of JM Financial Institutional Securities.
Nifty Outlook Today By Hardik Matalia, Derivative Analyst - Research at Choice Equity Broking Private Limited.
On the daily chart, Nifty has formed an Inside Bar candlestick pattern, indicating that a decisive breakout on either side will be crucial for the next directional move. Globally, markets traded on a negative note, while Foreign Institutional Investors (FIIs) continued to remain net sellers, highlighting cautious undertones in the broader trend. On the downside, immediate support is placed at 24,800. A breach below this level could trigger further pressure towards the 24,700–24,500 range. On the upside, 25,000 will act as an immediate and crucial resistance, followed by a strong hurdle at 25,200. A decisive break and sustained trade above these levels could pave the way for fresh buying opportunities. Traders are advised to remain cautious and maintain strict stop-loss levels to manage risk amid heightened volatility.
Nifty Outlook Today By Mr. Devarsh Vakil, Head of Prime Research at HDFC Securities.
Back home, in the first session of the holiday-shortened week, Nifty gained 97 points (0.39%) to close at 24,967, supported by firm global cues. Markets will remain closed tomorrow to celebrate the Shree Ganesh Chaturthi festival. The index formed an inside bar candlestick pattern, signalling a pause after the recent decline. Such patterns typically mark low volatility phases that often precede sharp directional moves. A sustained break above 25,084—the high of the last two sessions—would confirm a bullish reversal. On the downside, the 20- and 50-DEMA, converging near 24,847, remain immediate support for Nifty.
Stock Market Live: Which Stocks Are Top Laggards and Top Gainers?
Stock Market Live: Nestle India, Bajaj Auto, Hindustan Unilever, TCS, Eicher Motors, etc are among the top gainers, whereas, Sun Pharma, Adani Enterprises, Tata Steel, are among the top laggards on NSE.
Stock Market Live Updates: Sensex Opens 68.3 Pts Lower, Nifty Continues To Chase 25K Amid US Tariff Fear
Stock Market Live Updates: Sensex Opens 68.3 Pts Lower, Nifty Continues To Chase 25K Amid US Tariff Fear
Stock Market Live: Nifty, Sensex Under Pressure During Pre-Market Opening
Stock Market Live: Nifty and Sensex remained under pressure during the pre-market opening on Tuesday. Sensex was down more than 200 points, whereas Nifty was trading 69 points lower.
Stock Market Live: Nifty Bank Technical Outlook
Stock Market Live: "Bank Nifty formed a doji candle with a lower high and lower low signaling consolidation around the 55,000 levels. Index in the last 3 weeks has been consolidating in the range of 54,800-56,300. Only a movement beyond this range will signal the next directional move. Immediate support is placed at 55,000-54,800 — a region that aligns with the 100-day exponential moving average (EMA) and key Fibonacci retracement levels from the prior upward move. A breach below 54,800 will open downside towards 54,000 levels. On the higher side immediate resistance is seen around 55,750 levels while key resistance is seen at 56,300 levels, which corresponds to the recent breakdown area and the 50% retracement of the entire decline (57628-54905)," noted Bajaj Broking
Stock Market Live: Stock Market Recap
Stock Market Live: “Nifty index opened positive near 24950 zones and after the dip in the initial hour, it took support from 24900 zones and witnessed a comeback of the bulls using this zone as a technical floor for multiple rebounds. It attempted and crossed the psychological 25k marks. Options data reinforced the range bound theme indicating that market participants anticipate limited movement until a clear decisive breakout. It formed a bullish candle with long shadows on either side. Now it has to cross and hold above 25000 zones for an up move towards 25150 then 25250 zones while supports have shifted lower to 24700 then 24600 zones,” noted Motilal Oswal in its technical round up of the stock market on Monday.
Stock Market Live: Gift Nifty indicated a weak start of NSE and BSE today
Stock Market Live: Gift Nifty indicated a weak start of NSE and BSE today
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