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EQUITY
Post Session: Quick Review
Aug-29-2025

Indian equity benchmarks extended their losing streak for third consecutive day on Friday, dragged by heavy selling in Reliance Industries and Infosys. After making cautious start, soon markets traded above neutral lines, as traders took some support with the government data showing that India's industrial production growth accelerated to a 4-month high of 3.5 per cent in July. However, last hour of trade, markets erased all gains and ended in red, amid mounting concerns about the impact of U.S. tariffs on Indian goods.

Some of the important factors in trade:

US tariff uncertainties pose downside risk to demand in Indian economy: Traders remained cautious as RBI Bulletin indicated downside risk to the overall demand in the Indian economy owed to persisting uncertainties related to the US trade policies. It added that the near-term inflation outlook has become more benign than anticipated earlier driven by muted food price pressures supported by favourable base effects. 

Foreign fund outflow: Foreign institutional investors (FIIs) continued their selling spree for the fourth straight day, offloading equities worth Rs 3,856 crore on August 28, 2025.

US tariff hike to moderate India's growth by 0.5%: Traders took a note of report that former Commerce and Home Secretary G K Pillai said a steep 50 per cent tariff imposed by the US on shipments from India would have a very small impact on India's economic growth of about 50 basis points if exporters are unable to find alternative markets.

Global front: European markets were trading in red, as investors waited for key U.S. inflation data due later in the day that could provide additional clues on a potential Federal Reserve rate cut in September. Asian markets ended mostly in red as industrial production in Japan was down a seasonally adjusted 1.6 percent on month in July. That missed expectations for a decline of 1.1 percent following the 2.1 percent increase in June.

The BSE Sensex ended at 79809.65, down by 270.92 points or 0.34% after trading in a range of 79741.76 and 80310.74. There were 16 stocks advancing against 14 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 0.41%, while Small cap index down by 0.29%. (Provisional)

The top gaining sectoral indices on the BSE were FMCG up by 0.90%, Consumer Durables up by 0.34%, Capital Goods up by 0.22%, Industrials up by 0.21% and Power up by 0.07%, while Realty down by 1.33%, Energy down by 1.01%, IT down by 0.94%, Auto down by 0.84% and Oil & Gas down by 0.77% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were ITC up by 2.26%, Bharat Electronics up by 1.47%, Trent up by 1.43%, Larsen & Toubro up by 1.12% and Kotak Mahindra Bank up by 1.07%. On the flip side, Mahindra & Mahindra down by 2.96%, Reliance Industries down by 2.21%, Infosys down by 2.04%, NTPC down by 1.03% and Tata Motors down by 0.98% were the top losers. (Provisional)

Meanwhile, Former Commerce and Home Secretary G K Pillai has said that a steep 50 per cent tariff imposed by the US on shipments from India would have a very small impact on India's economic growth of about 50 basis points if exporters are unable to find alternative markets. Terming the steep tariff imposed on India as discriminatory, he said others like China and many European nations also import energy from Russia, but the US has not imposed a penalty against them.

He stated ‘Impact of the US tariffs on India would be very small, say about 0.5 per cent, but it is going to affect labour-intensive sectors like textiles, gems and jewellery, seafood exports, chemicals, and so on.’ Moreover, he said ‘At least for 3-6 months, the profitability of Indian companies will come down. Some companies will be forced to lay off workers but I am sure that the government will take steps to see that this is mitigated.’

He added the government needs to take some steps to help exporters and industries to tide over the problem and they are incentivized to find new markets and new business models. The steep 50 per cent tariff on Indian goods entering the US, which came into effect from August 27, would impact exports worth more than $48 billion. The sectors which would bear the brunt of the high import duties imposed by the Trump administration include textiles/ clothing, gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical machinery.

The CNX Nifty ended at 24426.85, down by 74.05 points or 0.30% after trading in a range of 24404.70 and 24572.45. There were 24 stocks advancing against 26 stocks declining on the index. (Provisional)

The top gainers on Nifty were ITC up by 2.21%, Bharat Electronics up by 1.53%, Shriram Finance up by 1.50%, Asian Paints up by 1.19% and Trent up by 1.19%. On the flip side, Mahindra & Mahindra down by 2.91%, Reliance Industries down by 2.07%, Infosys down by 2.03%, Apollo Hospital down by 1.53% and Adani Enterprises down by 1.34% were the top losers. (Provisional)

European markets were trading lower; France’s CAC fell 29.1 points or 0.37% to 7,733.50, UK’s FTSE 100 decreased 24.17 points or 0.26% to 9,192.65 and Germany’s DAX lost 96.22 points or 0.4% to 23,943.70.

Asian Markets finished mostly lower on Friday, as investors adopted a cautious stance ahead of the release of the US personal consumption expenditures (PCE) index. sentiments also weak with the ongoing tariff concerns, and mixed economic signals across the region. Japan's Nikkei slipped with the disappointing Japanese industrial output numbers, and stronger local currency yen. However, some losses remained trimmed with the strength in Chinese tech stocks and Hong Kong markets were offset by broader worries about global trade and economic growth.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,857.93

14.33

0.37

Hang Seng

25,077.62

78.8

0.32

Jakarta Composite

7,830.49

-121.60

-1.55

KLSE Composite

1,575.12

-11.95

-0.75

Nikkei 225

42,718.47

-110.32

-0.26

Straits Times

4,269.70

15.92

0.37

KOSPI Composite

3,186.01

-10.31

-0.32

Taiwan Weighted

24,233.10

-3.35

-0.01
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