Stock Market Update: Sensex Falls 706 Points, Nifty Down by 211 Points Amid Sector-Wide Decline
On Thursday, August 28, the Indian stock market witnessed a significant fall as the Sensex closed 706 points lower at 80,081, while the Nifty slipped 211 points to settle at 24,501. Out of the 30 Sensex stocks, 24 ended in red and only 6 managed to post gains. Tech majors HCL Tech and TCS, among others, saw a decline of 1% to 2.8%, while Titan and L&T gained up to 1.2%. On the Nifty, 36 stocks declined and 14 advanced. All NSE sectoral indices ended lower, with IT, banking, FMCG, and realty sectors being the biggest losers, registering up to 1.5% fall.
Global Market Trends
Asian markets showed mixed cues. Japan’s Nikkei rose 0.50% to 42,731, and South Korea’s Kospi gained 0.52% at 3,203. However, Hong Kong’s Hang Seng slipped 0.66% to 25,035, while China’s Shanghai Composite edged up 0.072% to close at 3,803. In the U.S., on August 27, the Dow Jones Industrial Average closed 0.32% higher at 45,565, while the Nasdaq Composite gained 0.21% and the S&P 500 rose 0.24%.
FII & DII Activity
On August 26, foreign institutional investors (FII) offloaded shares worth ₹6,516.49 crore in the cash segment, whereas domestic institutional investors (DII) made a net purchase of ₹7,060.37 crore. So far in August, FIIs have sold shares worth ₹34,733.75 crore, while DIIs have bought ₹76,420.57 crore worth of equities. In July, FIIs had sold ₹47,666.68 crore, whereas DIIs made net purchases of ₹60,939.16 crore.
Earlier This Week: Market Slump Over US Tariff Concerns
On Tuesday, August 26, the market had already seen sharp declines amid U.S. tariff-related concerns. The Sensex tumbled 849 points (1.04%) to close at 80,787, and the Nifty slipped 256 points (1.02%) to end at 24,712. Out of 30 Sensex stocks, 25 fell, with Sun Pharma and Tata Steel among 17 counters losing 1% to 3.2%. On the other hand, HUL and Maruti Suzuki gained over 2%. In Nifty, 37 shares closed lower, while 13 gained. Except for NSE FMCG index, all sectoral indices witnessed losses, with metal, pharma, IT, realty, and banking falling more than 2%.
Overall, continuous FII selling pressure, tariff-related uncertainties, and global volatility have weighed heavily on Indian equities. Experts believe market movement will remain choppy in the near term with investors closely tracking global trade policies, U.S. market cues, and domestic economic indicators.
