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Key gauges extend losses for 2nd straight day
Aug-28-2025

Indian equity benchmarks ended lower for 2nd straight day on Thursday as the additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect. Besides this, persistent foreign fund outflows also dented investors' sentiment.

Some of the important factors in today’s trade: 

Uncertainties surrounding US tariffs might affect capital expenditure decisions in FY26: Crisil in its latest report has said that uncertainties surrounding the US tariffs might be a new hindrance to capital expenditure decisions in FY26. 

Rupee rises against US Dollar: Indian rupee rose against the US dollar aided by a weaker greenback and a decline in crude oil prices. However, concerns over additional US tariffs on Indian products and a decline in domestic equity markets capped gains in the local unit. 

US tariff hikes on India an opportunity for better efficiency, bold reforms: Former Niti Aayog CEO Amitabh Kant said India should view US tariffs as a wake-up call to implement bold and once-in-a-generation reforms and diversify its export markets for long-term growth.

Employment in industries rises 5.92% to 1.95 crore in FY24: Annual Survey of Industries (ASI) data showed that Employment in industries increased by 5.92 per cent to 1.95 crore in 2023-24 from 1.84 crore in 2022-23. 

Global front: European markets were trading mostly in red as traders remained cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation. Asian Markets ended mostly higher as Nvidia's strong results quelled worries over weakening AI demand. 

Finally, the BSE Sensex fell 705.97 points or 0.87% to 80,080.57 and the CNX Nifty was down by 211.15 points or 0.85% to 24,500.90.    

The BSE Sensex touched high and low of 80,775.71 and 80,013.02 respectively. There were 7 stocks advancing against 23 stocks declining on the index.  

The broader indices ended in red; the BSE Mid cap index fell 1.09%, while Small cap index was down by 0.96%.

The few gaining sectoral indices on the BSE were Consumer Durables up by 0.60%, while Telecom down by 1.73%, IT down by 1.68%, TECK down by 1.59%, Realty down by 1.47% and Utilities down by 1.26% were the top losing indices on BSE.

The top gainers on the Sensex were Titan Company up by 1.22%, Larsen & Toubro up by 0.72%, Maruti Suzuki up by 0.61%, Axis Bank up by 0.46% and Reliance Industries up by 0.17%. On the flip side, HCL Technologies down by 2.85%, Infosys down by 1.95%, Power Grid Corp down by 1.93%, TCS down by 1.89% and HDFC Bank down by 1.55% were the top losers.

Meanwhile, Union minister Kirti Vardhan Singh has said India's bilateral trade with Africa has crossed the magical figure of $100 billion in 2024-25 compared to $56 billion in 2019-2020. With cumulative investments over $75 billion from 1996-2024, India is among the top five largest investors in Africa. Singh said India has extended concessional loans worth over $12 billion and $700 million in grant assistance for projects across Africa, apart from offering 50,000 scholarships for African youth, of which more than 42,000 have already been utilised.

He stated ‘This year's theme is different as we have decided to move from project partnership and growth partnership to the spirit of 'Co-creating a Shared Future', which signifies the sentiment attached to this remarkable journey.’ He stressed that Africa continues to play an important role in India's foreign policy and recalled that the African Union was given permanent membership of the G20 during India's presidency. 

Moreover, he said that India has stood with Africa in times of need, recalling relief operations in Mozambique, Madagascar, Mauritius and several other countries and invited African nations to join the Coalition for Disaster Resilient Infrastructure as well as the International Solar Alliance to strengthen cooperation in climate and clean energy. He added India and Africa are shaping a strong partnership to co-create a shared future, built on mutual trust and collaborative efforts.

The CNX Nifty touched high and low of 24,702.65 and 24,481.60 respectively. There were 14 stocks advancing against 36 stocks declining on the index.  

The top gainers on Nifty were Titan Company up by 1.06%, Coal India up by 0.68%, Hero MotoCorp up by 0.65%, Larsen & Toubro up by 0.64% and Maruti Suzuki up by 0.57%. On the flip side, Shriram Finance down by 3.94%, HCL Technologies down by 2.85%, Power Grid Corp down by 2.04%, TCS down by 1.88% and Tata Consumer Products down by 1.82% were the top losers.

European markets were trading mostly in red; UK’s FTSE 100 decreased 46 points or 0.5% to 9,209.50 and Germany’s DAX lost 34.81 points or 0.14% to 24,011.40. while France’s CAC rose 6.47 points or 0.08% to 7,750.40.

Asian Markets ended mostly higher on Thursday tracking Wall Street’s overnight gain and as Nvidia's strong results quelled worries over weakening AI demand. Japanese shares advanced after Warren Buffett increased his investments in the country. Seoul shares rose as the Bank of Korea held rates as widely expected and lifted its 2025 growth forecast. However, some gains were capped due to Fed independence woes and reports that the Mexican government is set to raise tariffs on Chinese imports, including cars, textiles, and plastics, as part of its 2026 budget proposal. Hong Kong shares dropped, dragged down by weakness in technology shares.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,843.60

43.25

1.13

Hang Seng

24,998.82

-202.94

-0.81

Jakarta Composite

7,952.09

15.91

0.20

KLSE Composite

1,587.07

-0.84

-0.05

Nikkei 225

42,828.79

308.52

0.73

Straits Times

4,253.78

8.21

0.19

KOSPI Composite

3,196.32

9.16

0.29

Taiwan Weighted

24,236.45

-283.45

-1.17
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