
Post-Market Report (28 Aug 2025): Nifty loses 180 pts, banks & metals drag
Closing Summary
Indian equities ended sharply lower on 28 Aug 2025 as tariff fears and weak global sentiment weighed heavily on investor confidence. The Nifty 50 declined 180 points to close at 24,540, while the Sensex slipped 600 points to settle near 80,650. Bank Nifty underperformed once again, losing 1.3% to end at 54,950.
Market breadth was deeply negative with nearly 70% of NSE stocks closing in the red. The India VIX rose 4.5%, highlighting elevated volatility. Traders largely avoided risk-heavy positions, leading to sharp sell-offs in cyclical sectors.
Global Market Recap
Overnight, Wall Street ended mixed with the Dow flat, S&P slightly higher, and Nasdaq losing momentum. European equities extended losses with FTSE 100 and DAX falling as energy prices rose. Asian peers reflected caution, with Nikkei down 0.7% and Hang Seng lower by 1%. Global investors continue to weigh U.S. tariffs against India and other partners, clouding risk sentiment.
Sectoral Breakdown
Banks & Financials
Banks dragged indices lower, led by HDFC Bank and ICICI Bank. PSU banks also saw selling pressure as yields rose and FII outflows persisted.
IT
Infosys, TCS, and Wipro managed modest gains on rupee weakness, which is positive for export-driven margins. However, upside remained capped.
FMCG & Pharma
Defensive pockets like ITC, HUL, Sun Pharma, and Dr. Reddy’s gained marginally as investors rotated to stability amid volatility.
Metals & Autos
Metals led losses with Tata Steel, JSW Steel, and Hindalco falling sharply. Auto majors Maruti and Tata Motors also faced pressure from export concerns and rising costs.
Bank Nifty Heatmap
Top Gainers | Price (₹) | % Change |
---|---|---|
SBI | 824.10 | +0.8% |
AXISBANK | 1160.50 | +0.5% |
Top Losers | Price (₹) | % Change |
---|---|---|
HDFCBANK | 1570.20 | -1.6% |
ICICIBANK | 1179.30 | -1.3% |
KOTAKBANK | 1784.50 | -1.1% |
FII / DII Flows
FIIs remained net sellers, offloading ₹4,950 crore worth of equities. DIIs supported the market with ₹4,100 crore in net buying. Mutual funds were active in FMCG and IT while trimming exposure in banks and autos.
Rupee & Commodities
The rupee closed almost flat at 87.08 against the U.S. dollar. RBI likely intervened to cap intraday volatility. Crude oil prices were steady near $78/bbl while gold gained 0.5% to $1,982/oz as investors turned risk-averse.
Stocks in Focus
- Reliance Industries: Fell 1% on energy volatility and risk aversion.
- Infosys: Rose 0.6% on positive currency moves.
- HDFC Bank: Declined 1.6%, dragging Bank Nifty lower.
- Tata Motors: Lost 1.8% amid concerns of export headwinds.
- SBI: Outperformed peers with 0.8% gain, supported by steady loan growth.
Technical Outlook
On charts, Nifty formed a bearish candle near 24,540. Support levels lie at 24,400 and 24,250 while resistance is at 24,850 and 25,000. Bank Nifty support is at 54,800; resistance near 55,500. A break below 24,400 could intensify selling pressure.
Key Takeaways
- Nifty fell 180 pts to 24,540; Sensex lost 600 pts to 80,650.
- Bank Nifty underperformed with 1.3% loss.
- Metals, Autos and Banks dragged indices.
- FMCG and IT provided modest cushion.
- FIIs sold ₹4,950 cr; DIIs bought ₹4,100 cr.
- Rupee steady; gold rose as safe-haven demand grew.
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