Pre-Market Report (27 Aug 2025): GIFT Nifty slips, tariffs weigh on sentiment
Quick Highlights
- GIFT Nifty trades 65 points lower, indicating weak start.
- U.S. tariffs of up to 50% on Indian goods effective today.
- FIIs sold ₹6,516 cr; DIIs bought ₹7,060 cr (26 Aug).
- Wall Street higher, Asia mixed, Europe subdued.
- Nifty support 24,650–24,700; resistance 24,950–25,100.
- Stocks to watch: Reliance, Infosys, HDFC Bank, Maruti, SBI.
Global Market Cues
Overnight, U.S. markets staged a mild recovery. The Dow gained 0.3%, S&P 500 added 0.4%, while Nasdaq closed 0.25% higher. However, Asia is mixed this morning: Nikkei trades lower by 1%, Hang Seng slips 0.4%, while Shanghai Composite is flat. European indices closed in red yesterday as tariff headlines spooked traders.
Global Indices Snapshot
| Index | Last Close | Change | % Change |
|---|---|---|---|
| Dow Jones | 39,100 | +120 | +0.31% |
| S&P 500 | 5,280 | +22 | +0.42% |
| Nasdaq | 17,200 | +45 | +0.26% |
| FTSE 100 | 8,210 | -60 | -0.72% |
| Nikkei 225 | 33,500 | -180 | -0.53% |
| Hang Seng | 18,300 | -220 | -1.18% |
| Shanghai Comp. | 3,050 | -12 | -0.39% |
FII / DII Activity (26 Aug)
Foreign Institutional Investors (FIIs) sold equities worth ₹6,516 crore, continuing their selling streak amid global risk aversion. Domestic Institutional Investors (DIIs) supported the market with net buying of ₹7,060 crore, cushioning the fall.
Sectoral Outlook
Banks & Financials
Banking stocks may stay under pressure as rupee weakness and FII outflows continue. Watch HDFC Bank, ICICI Bank, SBI.
IT Sector
Infosys and TCS may attract buyers on rupee weakness, but global tech spending remains uncertain.
FMCG & Pharma
Defensive sectors like FMCG (HUL, ITC) and Pharma (Sun Pharma, Dr. Reddy’s) may see inflows as investors seek stability.
Metals & Autos
Metals may face tariff-driven pressure. Autos like Maruti and Tata Motors could remain in focus amid festive season demand expectations.
Stocks in News
- Reliance Industries: Under pressure amid energy price swings.
- Infosys: Rupee weakness could support margins.
- HDFC Bank: Watch for credit growth data and FII selling impact.
- Maruti Suzuki: Near record highs on festive demand hopes.
- SBI: PSU banks remain active on credit growth optimism.
Technical Levels
Nifty support is seen at 24,650–24,700; resistance at 24,950–25,100. Bank Nifty support: 55,000; resistance: 56,000. Traders advised to remain light and use strict stop-losses.
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