{"id":8407,"date":"2025-08-28T11:04:47","date_gmt":"2025-08-28T11:04:47","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?p=8407"},"modified":"2025-08-28T11:04:49","modified_gmt":"2025-08-28T11:04:49","slug":"indian-market-outlook-28-aug-2025","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/indian-market-outlook-28-aug-2025\/","title":{"rendered":"Indian Market Outlook \u2013 28\u00a0Aug\u00a02025"},"content":{"rendered":"
\"nifty<\/figure>\n\n\n

Top indices<\/h2>\n\n\n\n
Index<\/th>Closing level<\/th>Change (pts\/%)<\/th>Commentary<\/th><\/tr><\/thead>
Nifty 50<\/strong><\/td>24,500.90<\/strong><\/td>\u25bc 211.15 pts (-0.85 %)<\/strong><\/td>Index slid below the 24.7k support as selling accelerated on news of the US doubling tariffs on Indian imports to 50 %. Early attempts at a bounce failed, and the benchmark closed near day\u2019s low around 24.5k.<\/td><\/tr>
Sensex<\/strong><\/td>80,080.57<\/strong><\/td>\u25bc 705.97 pts (-0.87 %)<\/strong><\/td>The 30\u2011share index dropped for a second session, finishing below 81k. Heavyweights such as Sun Pharma, Tata Steel and Bajaj Finance dragged the index lower while only five constituents closed in the green.<\/td><\/tr>
Bank Nifty<\/strong><\/td>54,280.80<\/strong><\/td>\u25bc 169.65 pts (-0.31 %)<\/strong><\/td>Banking shares lagged as foreign investors pared exposure. HDFC Bank (\u20111.0 %) and ICICI Bank (\u20111.16 %) were notable drags, while PSU lenders such as IDFC First Bank and PNB fell 2\u20132.5 %.<\/td><\/tr>
Nifty IT<\/strong><\/td>35,635.25<\/strong><\/td>\u25bc 427.95 pts (-1.19 %)<\/strong><\/td>Tech stocks tumbled amid concerns that higher US tariffs could hurt export\u2011oriented services. HCL Tech (\u20112.85 %) and TCS (\u20111.88 %) were major losers.<\/td><\/tr>
Nifty FMCG<\/strong><\/td>17,876.9 (approx.)<\/strong><\/td>\u25b2 ~0.5 %<\/strong><\/td>Consumption names bucked the trend as investors sought defensive plays; Hindustan Unilever (+2.3 %), Nestl\u00e9 (+2.2 %) and Colgate (+1.4 %) lifted the gauge.<\/td><\/tr>
Nifty Realty<\/td>882.50<\/strong><\/td>\u25bc\u00a01.50\u00a0%<\/strong><\/td>The worst\u2011performing sector; rate\u2011sensitive real\u2011estate shares suffered heavy profit\u2011taking.<\/td><\/tr>
Nifty Smallcap 100<\/strong><\/td>17,294.35<\/strong><\/td>\u25bc\u00a01.45\u00a0%<\/strong><\/td>Broader markets witnessed intense selling; mid\u2011 and small\u2011cap indices corrected more than large\u2011caps as traders trimmed risk.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Other indices<\/em>: The India VIX volatility index jumped around 3.7 %<\/strong>, reflecting greater nervousness. WTI crude slipped 0.57 %<\/strong> to ~US$63.56 per barrel, while the US 10\u2011yr Treasury yield held near 4.23 %<\/strong>.<\/p>\n\n\n\n

Key market statistics<\/h2>\n\n\n\n
Statistic<\/th>Data\/Observation<\/th>Context<\/th><\/tr><\/thead>
Market breadth<\/strong><\/td>~728<\/strong> stocks advanced vs 2,280<\/strong> declining on the NSE<\/td>The poor advance\u2011decline ratio underscored broad\u2011based weakness.<\/td><\/tr>
Sector count<\/strong><\/td>Only one<\/strong> of the 14 NSE sectoral indices (FMCG) ended green<\/td>Bearish sentiment was pervasive across sectors, with realty, pharma and metals leading declines.<\/td><\/tr>
India VIX<\/strong><\/td>Up \u22483.7 %<\/strong><\/td>Rising volatility signalled trader caution and potential for larger swings ahead.<\/td><\/tr>
FII\/DII flows<\/strong><\/td>FIIs continued to sell (est. \u20b92,500\u20136,500 cr<\/strong> net outflow over previous sessions) while DIIs bought (~\u20b93,000\u20137,000 cr<\/strong> net inflow)<\/td>Domestic institutions cushioned some of the selling pressure, but foreign outflows persisted amid macro uncertainty.<\/td><\/tr>
Intraday range (Nifty)<\/strong><\/td>High 24,654 \u2192 Low 24,452<\/strong> (approx.)<\/td>Index oscillated within a ~200\u2011point band before closing near the day\u2019s low.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Top gainers & losers (Nifty 50)<\/h2>\n\n\n\n
Top gainers<\/th>Price (\u20b9)<\/th>% chg<\/th>Comment<\/th><\/tr><\/thead>
Titan Co.<\/strong><\/td>3,632.0<\/td>+1.06 %<\/strong><\/td>Jewellery & watchmaker advanced as investors rotated into consumer\u2011durable names less exposed to US tariffs.<\/td><\/tr>
Coal India<\/strong><\/td>375.0<\/td>+0.68 %<\/strong><\/td>Gain driven by firm coal prices and expectations of higher volumes ahead of the festive season.<\/td><\/tr>
Hero MotoCorp<\/strong><\/td>5,106.6<\/td>+0.65 %<\/strong><\/td>Two\u2011wheeler maker gained on hopes of rural demand recovery; auto sector displayed relative strength.<\/td><\/tr>
Larsen & Toubro (LT)<\/strong><\/td>3,564.1<\/td>+0.64 %<\/strong><\/td>Engineering giant inched higher after bagging large domestic orders; infra spending outlook remains positive.<\/td><\/tr>
Maruti Suzuki<\/strong><\/td>14,798.0<\/td>+0.57 %<\/strong><\/td>Stock rose as August vehicle dispatches were expected to remain strong; auto exports less exposed to tariffs.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
Top losers<\/th>Price (\u20b9)<\/th>% chg<\/th>Comment<\/th><\/tr><\/thead>
Shriram Finance<\/strong><\/td>571.25<\/td>\u22123.94 %<\/strong><\/td>NBFC slumped amid fears that higher US tariffs could dent financing demand and due to FII selling in financials.<\/td><\/tr>
HCL Technologies<\/strong><\/td>1,450.20<\/td>\u22122.85 %<\/strong><\/td>Software exporter weakened on concerns that US orders could slow; sectoral selling dragged peers.<\/td><\/tr>
Power Grid Corp.<\/strong><\/td>274.20<\/td>\u22122.04 %<\/strong><\/td>Declined in line with broader utilities; rising bond yields dampened appetite for defensive stocks.<\/td><\/tr>
Tata Consultancy Services (TCS)<\/strong><\/td>3,098.00<\/td>\u22121.88 %<\/strong><\/td>IT major slipped as investors trimmed positions ahead of potential slowdown in North America orders.<\/td><\/tr>
Tata Consumer Products<\/strong><\/td>1,060.20<\/td>\u22121.82 %<\/strong><\/td>FMCG peer fell despite sectoral strength; valuations and profit\u2011booking triggered the pullback.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

What moved the market<\/h2>\n\n\n\n
    \n
  • US trade actions:<\/strong> The United States activated an additional 25\u00a0% duty on Indian imports (taking total tariffs to 50\u00a0%) due to geopolitical tensions. The move rattled investor confidence, particularly in export\u2011oriented sectors such as IT, metals, textiles and auto components, and set a risk\u2011off tone across Dalal Street.<\/li>\n\n\n\n
  • Broad\u2011based selling & FII outflows:<\/strong> Foreign portfolio investors continued to offload Indian equities, reflecting caution over trade frictions and global growth. Domestic institutions purchased shares but could not fully offset the selling pressure. This led to weakness across large\u2011cap, mid\u2011cap and small\u2011cap segments.<\/li>\n\n\n\n
  • Weak sectoral cues:<\/strong> Technology and banking stocks bore the brunt of the sell\u2011off. Nifty\u00a0IT tumbled over 1\u00a0%, dragged by HCL\u00a0Tech, TCS and Infosys. Bank\u00a0Nifty slipped as major lenders like HDFC\u00a0Bank and ICICI\u00a0Bank saw profit\u2011booking and as NBFCs such as Shriram\u00a0Finance were hit. The realty index also declined sharply.<\/li>\n\n\n\n
  • Flight to defensives:<\/strong> Amid the sell\u2011off, investors sought safety in select consumer\u2011focused names. The FMCG and consumer durables indices eked out gains led by Hindustan\u00a0Unilever, Titan, Nestl\u00e9 and Asian\u00a0Paints.<\/li>\n\n\n\n
  • Higher volatility:<\/strong> India\u00a0VIX jumped by ~3.7\u00a0%, pointing to nervousness ahead of a potentially volatile expiry day and heightened global uncertainty.<\/li>\n<\/ul>\n\n\n\n

    Global cues<\/h2>\n\n\n\n
      \n
    • US markets resilient:<\/strong> Overnight, the Dow Jones Industrial Average rose about 0.3\u00a0%<\/strong>, while the NASDAQ and S&P\u00a0500 added around 0.3\u00a0%<\/strong> and 0.2\u00a0%<\/strong>, respectively. Solid earnings from US technology giants and stable macro data lent support.<\/li>\n\n\n\n
    • Asian markets mixed:<\/strong> Japan\u2019s Nikkei\u00a0225<\/strong> climbed roughly 0.65\u00a0%<\/strong> as the yen stayed weak. However, Hong\u00a0Kong\u2019s Hang\u00a0Seng<\/strong> fell about 0.66\u00a0%<\/strong> due to weakness in Chinese consumption\u2011related stocks. Mainland China\u2019s Shanghai Composite<\/strong> gained a marginal 0.07\u00a0%<\/strong>.<\/li>\n\n\n\n
    • Commodities & currencies:<\/strong> WTI crude oil dipped below US$64\/bbl<\/strong>, easing some inflation fears. The US dollar index remained firm, pressuring emerging\u2011market currencies. Gold hovered near US$1,950\/oz<\/strong>, reflecting safe\u2011haven demand.<\/li>\n<\/ul>\n\n\n\n

      Stocks to watch & corporate updates<\/h2>\n\n\n\n
      Stock\/Company<\/th>Update\/Reason to watch<\/th><\/tr><\/thead>
      InterGlobe Aviation (IndiGo)<\/strong><\/td>Co\u2011founder Rakesh Gangwal and the Chinkerpoo Family Trust plan to sell a 3.1 %<\/strong> stake (\u2248\u20b97,027 cr) via a block deal at a ~4 % discount. The large sale could create short\u2011term supply pressure.<\/td><\/tr>
      Rail Vikas Nigam (RVNL)<\/strong><\/td>Formed a joint venture with Texmaco Rail & Engineering<\/strong> to pursue railway and allied infrastructure projects, with RVNL holding 51 %. The collaboration may bolster order inflows.<\/td><\/tr>
      BSE Ltd.<\/strong><\/td>Announced merger of its subsidiaries BSE Investments<\/strong> and BSE Administration & Supervision<\/strong> with BSE Technologies<\/strong> to streamline operations.<\/td><\/tr>
      E2E Networks<\/strong><\/td>Secured a contract worth \u20b988.02 cr<\/strong> from IndiaAI<\/strong> to supply advanced GPUs for building India\u2019s foundational AI model.<\/td><\/tr>
      Tata Steel<\/strong><\/td>Invested \u20b93,100 cr<\/strong> into its Singapore\u2011based subsidiary T Steel Holdings Pte Ltd<\/strong>, signalling expansion of overseas operations.<\/td><\/tr>
      Karur Vysya Bank<\/strong><\/td>Completed allotment of 16.10 cr<\/strong> bonus shares (1:1 ratio); stock could remain volatile post\u2011listing.<\/td><\/tr>
      G R Infraprojects<\/strong><\/td>Received a \u20b9367 cr<\/strong> letter of intent from REC Power Development<\/strong> to develop a transmission project; likely to improve order book.<\/td><\/tr>
      Mangal Electrical Industries<\/strong><\/td>Debuted on the NSE at \u20b9556, roughly 0.9 %<\/strong> below its issue price, despite robust subscription. The tepid listing may temper sentiment in the SME IPO space.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      Outlook for the next trading day (29 Aug 2025)<\/h2>\n\n\n\n

      Technical levels<\/h2>\n\n\n\n
      Index<\/th>Support levels<\/th>Resistance levels<\/th>Bias<\/th><\/tr><\/thead>
      Nifty 50<\/strong><\/td>24,400 \u2013 24,520<\/strong><\/td>24,900 \u2013 25,000<\/strong><\/td>Bears maintain the upper hand below 24,700; a bounce towards 24,900 could face selling pressure.<\/td><\/tr>
      Bank Nifty<\/strong><\/td>54,035 \u2013 53,778<\/strong><\/td>54,866 \u2013 55,123<\/strong><\/td>Bank index is approaching key support near 54k; a breakdown could extend the slide to 53,500.<\/td><\/tr>
      Sensex<\/strong><\/td>80,208 \u2013 79,850<\/strong><\/td>81,365 \u2013 81,723<\/strong><\/td>A move below 80k may invite further declines toward 79,500; resistance lies near 81.3k.<\/td><\/tr>
      Nifty Financial Services (FINNIFTY)<\/strong><\/td>25,736 \u2013 25,602<\/strong><\/td>26,169 \u2013 26,303<\/strong><\/td>Financials appear weak; watch for support around 25,600.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

      Expected market tone<\/h2>\n\n\n\n
        \n
      • Cautious with a downward bias:<\/strong> The tariff\u2011induced sell\u2011off has damaged short\u2011term sentiment. Unless positive news emerges on trade or FIIs turn buyers, rallies are likely to be sold into. Traders may adopt a wait\u2011and\u2011watch approach ahead of the month\u2011end expiry.<\/li>\n\n\n\n
      • Support testing:<\/strong> Nifty is now hovering near crucial support at 24,500. A decisive close below this level could trigger a further slide toward 24,300\u201324,150. Conversely, any relief rally is likely to find resistance near 24,900\u201325,000.<\/li>\n\n\n\n
      • Sector rotation:<\/strong> Defensives such as FMCG, consumer durables and select auto names may continue to attract interest. Export\u2011oriented sectors (IT, metals, textiles) and rate\u2011sensitive realty could remain under pressure.<\/li>\n\n\n\n
      • Volatility ahead:<\/strong> Elevated India\u00a0VIX suggests larger intraday swings. Traders should maintain proper stop\u2011losses and avoid large positions. Options writers may shift to lower strikes to account for the increased volatility.<\/li>\n<\/ul>\n\n\n\n

        Summary<\/h2>\n\n\n\n

        The Indian market on 28 Aug 2025 saw broad\u2011based selling as the US doubled tariffs on Indian imports, triggering risk\u2011off sentiment. Key indices \u2013 the Nifty 50 and Sensex \u2013 slid ~0.85 % each, with banking and IT stocks leading declines. Only a handful of defensive names like Titan, Coal India and Hero MotoCorp managed to eke out gains. Market breadth was deeply negative and volatility rose, indicating caution among investors. With critical supports under test, tomorrow\u2019s trade is likely to be choppy; participants should watch global cues, especially any developments on the tariff front, and monitor whether indices hold above their respective support zones.<\/p>\n","protected":false},"excerpt":{"rendered":"

        Top indices Index Closing level Change (pts\/%) Commentary Nifty 50 24,500.90 \u25bc 211.15 pts (-0.85 %) Index slid below the 24.7k support as selling accelerated on news of the US doubling tariffs on Indian imports to 50 %. Early attempts at a bounce failed, and the benchmark closed near day\u2019s low around 24.5k. Sensex 80,080.57 \u25bc 705.97 pts (-0.87 %) The 30\u2011share index dropped for […]<\/p>\n","protected":false},"author":9,"featured_media":8213,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[512],"tags":[],"class_list":["post-8407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/8407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=8407"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/8407\/revisions"}],"predecessor-version":[{"id":8408,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/8407\/revisions\/8408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/8213"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=8407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=8407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=8407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}