Benchmark indices Sensex and Nifty opened lower on Thursday, extending losses for a second consecutive session amid the impact of US tariffs on Indian exports.
- Sensex: Down 607.99 points (0.75%) at 80,178.55
- Nifty 50: Down 179.65 points (0.73%) at 24,532.40
- Advance/Decline: 838 shares advanced, 2,069 declined, 166 unchanged
- Midcap & Smallcap Stocks: Both slipped around 1%, mirroring broader market weakness
Key Market Movers
- InterGlobe Aviation (IndiGo): Fell over 4% as the Rakesh Gangwal family plans to sell up to 3.1% stake via block deals worth Rs 7,084 crore.
- Other notable movers: Hero MotoCorp, Asian Paints, HUL, Maruti Suzuki, and Titan were among the top gainers, while Shriram Finance, HCL Tech, HDFC Bank, Jio Financial Services, TCS, and NTPC lagged.
Technical View
- Nifty has filled the gap from August 18 and is slightly above the 100-SMA, remaining well above the 200-SMA, but below short-term moving averages (9-EMA, 20-EMA, 50-SMA), indicating near-term momentum is under pressure.
- Support levels: 24,600 (100-SMA) and 24,500
- Resistance levels: 24,900–25,000
The IT and banking sectors were the biggest drags, while mid and small-cap stocks followed weaker trends.
Disclaimer: The information provided is for general market awareness and news purposes only. Readers should consult certified financial advisors before making any investment decisions.
