Stock Market Today: Sensex, Nifty Updates August 28

Indian benchmark indices opened higher on Friday, August 28, recovering after two consecutive sessions of losses. The Sensex gained more than 200 points in early trade, while the Nifty 50 moved closer to the 24,150 mark.

The positive start comes after a volatile Thursday session, when markets witnessed sharp moves around the monthly derivatives expiry and the new Closing Auction Session. Investors are also tracking global cues and signals on the direction of US monetary policy.

Sensex and Nifty Today

Indian equities started Friday’s session in positive territory.

The Sensex rose 245.56 points to 77,191.80 in early trade, while the Nifty 50 gained 54.20 points to reach 24,147.50.

At around 9:43 AM IST, the Nifty 50 was trading at 24,160.50, up 69.65 points or 0.29%. Its early intraday range stood between 24,106.55 and 24,161.50.

Index	Early market level	Movement
Sensex	77,191.80	+245.56 points
Nifty 50	24,147.50	+54.20 points

Levels are from early trade on August 28 and can change through the session.

Why Is the Stock Market Up Today?

The Indian stock market opened higher primarily as investors attempted to recover from the losses seen over the previous two sessions.

Here are some of the key factors influencing today’s market.

1. Recovery After Thursday’s Volatility

Thursday was an unusually volatile session for the benchmark indices.

The Sensex closed at 76,933.59, down 0.70%, while the Nifty 50 ended at 24,090.85, down 0.48%.

Part of the volatility came during the first monthly derivatives expiry following the introduction of the Closing Auction Session on the BSE. The sharp swings during the closing period attracted considerable market attention.

Friday’s early gains therefore represent a partial recovery from the previous session’s decline.

2. Global Markets Remain in Focus

Global cues are another important factor for domestic equities.

US markets showed mixed-to-positive performance in the previous session. The Nasdaq gained 1.07%, while the S&P 500 rose 0.38%. The Dow Jones was nearly flat, slipping 0.07%.

Investors are now watching signals from the US Federal Reserve closely, particularly for clues about the future path of interest rates.

Changes in US interest-rate expectations can influence foreign investment flows, bond yields, currencies and equity valuations in emerging markets such as India.

3. GIFT Nifty Signalled a Positive Opening

GIFT Nifty had indicated that Indian equities could begin the day on a positive note.

It was trading around 24,263.50 before the opening bell, roughly 0.27% higher, according to early market reports.

The eventual opening of the Nifty broadly followed that positive indication.

What Happened in the Previous Session?

Indian markets ended Thursday, August 27, in the red.

Index	Closing level	Change
Nifty 50	24,090.85	-0.48%
Bank Nifty	57,509.95	-0.47%
Sensex	76,933.59	-0.70%
India VIX	11.0675	+4.71%

Source: Market data reported for August 27.

The rise in India VIX indicated an increase in expected near-term volatility.

For investors, a higher VIX does not automatically mean markets will fall. It indicates that traders are pricing in larger market movements, making volatility an important metric to watch during the session.

Which Stocks Are Moving Today?

Early trade showed a mixed trend across Nifty constituents.

Bajaj Finance was among the early Nifty 50 laggards, declining about 1.22%, while Bajaj Finserv fell around 1.09%.

IT stocks attracted attention on the positive side. Infosys, for instance, was reported to have gained around 2.6% during morning trade.

Stock-level movements can change quickly during the trading day, so investors should consider these figures as a snapshot rather than closing performance.

What Should Investors Watch Today?

The positive opening does not necessarily mean the market will maintain its gains throughout the session. After Thursday’s sharp swings, volatility remains an important factor.

Investors may want to keep an eye on:

• Nifty around 24,000: The index continues to trade close to this widely watched psychological level.
• Global market cues: US monetary policy expectations could influence risk sentiment.
• Banking stocks: Bank Nifty opened with relative weakness compared with the broader Nifty.
• IT stocks: Early strength in names such as Infosys could keep the sector in focus.
• Crude oil prices: Higher oil prices can affect inflation expectations, India’s import bill and sentiment toward oil-sensitive sectors.
• Market volatility: Recent expiry-related swings make intraday risk management particularly relevant.

Is the Stock Market Open on August 28?

Yes. The NSE and BSE are open for normal trading on Friday, August 28, despite Raksha Bandhan.

Normal trading, clearing and settlement activities are scheduled for the day.

Stock Market Outlook for August 28

The Sensex and Nifty have started August 28 on a positive note, but investors are likely to remain selective after the volatility seen in the previous session.

The Nifty’s ability to sustain levels above 24,100 and build on its early gains will be worth tracking through the day. Global monetary policy cues, sector-specific movements and institutional activity could determine whether the morning recovery continues.

For long-term investors, one day’s index movement should generally be viewed in the context of earnings, valuations, portfolio allocation and investment goals rather than as a standalone signal to buy or sell.

FAQs

Key Takeaways

• Sensex and Nifty opened higher on August 28 after two sessions of losses.
• Sensex gained about 246 points to 77,191.80 in early trade.
• Nifty 50 rose to 24,147.50 and subsequently traded above 24,160 during the morning session.
• Thursday’s expiry-related volatility remains an important backdrop for today’s trade.
• Global monetary policy cues, IT and banking stocks, crude oil and market volatility are among the factors to monitor.
• NSE and BSE are open for normal trading despite Raksha Bandhan.

Market data mentioned in this article reflects available intraday information and may change during the trading session. This content is for educational and informational purposes only and should not be considered investment advice.