The Indian equity markets continued their downward trend on Thursday, August 28, 2025, with both the Sensex and Nifty indices closing in the red. The market's decline was a continuation of the sell-off triggered by the formal implementation of US tariffs on Indian goods, which came into effect on Wednesday. This marks the second consecutive session of losses, as Indian markets were closed on Wednesday for Ganesh Chaturthi.
Table of Contents
- Nifty and Sensex Today – Key Market Indices Performance
- Sector-wise Performance
- Top Stock Market News of the Day – What Moved the Markets
- FII and DII Activity Today – Where Big Money Moved
- IPOs and Market Buzz – Latest Stock Market Trends
- Top Gainers and Losers – Best and Worst Performing Stocks
- Final Takeaway – Summary of Stock Market Day
The Indian equity benchmarks concluded the day with significant losses as the tariff fears continued to weigh on investor sentiment.
- The BSE Sensex settled at 80,080.57, marking a loss of -705.97 points, or -0.87%.
- The NSE Nifty 50 closed at 24,500.90, with a loss of -211.15 points, or -0.85%.
The broader market also experienced a significant downturn, with the Nifty Midcap 100 and Nifty Smallcap 100 indices both falling by over 1.3%.
The sell-off was broad-based, with nearly all sectoral indices closing in the red.
- Top Performing Sectors: NIFTY CONSUMER DURABLES was the sole sectoral index to close with a gain, albeit a small one, rising by 0.56%. This suggests that in times of uncertainty, investors are seeking refuge in sectors with resilient consumer spending, which are less likely to be impacted by global trade tensions.
- Top Losing Sectors:
- NIFTY IT: (-1.59%)
- NIFTY REALTY: (-1.50%)
- NIFTY FINANCIAL SERVICES 25/50: (-1.25%)
- NIFTY PSU BANK: (-1.03%)
- NIFTY FMCG: (-1.02%)
The IT and Realty sectors were among the worst performers, highlighting a risk-off sentiment. The decline in the financial sector, including PSU and private banks, was driven by a broad-based selling pressure. Even the FMCG sector, which had shown resilience earlier in the week, succumbed to the market-wide sell-off.
The market's persistent decline was a result of several key factors:
- US Tariff Implementation: The primary and ongoing catalyst for the sell-off was the official implementation of an additional 50% tariff on Indian products by the US administration. This move has raised fears of a global trade war and is expected to significantly impact India's exports.
- Profit Booking: The market's downward trajectory was exacerbated by continued profit booking, especially in sectors that had seen recent gains.
- Global Cues: Weakness in global markets, including US futures and other Asian peers, contributed to the negative sentiment. A significant drop in Nvidia's shares after its quarterly results also affected sentiment in the IT and tech sectors.
- FII Selling: The relentless selling by Foreign Institutional Investors (FIIs) has been a major headwind. According to provisional data for August 26, FIIs were net sellers with a net sell figure of ₹6,516.49 crore, adding to their continuous outflows in August.
The institutional activity on Thursday provided some insight into the market's dynamics.
- FIIs (Foreign Institutional Investors): FIIs continued to be net sellers on Tuesday, with a net sell figure of ₹6,516.49 crore. This persistent selling trend has been a major headwind for the Indian market.
- DIIs (Domestic Institutional Investors): In contrast, DIIs were net buyers on Tuesday, with a net buy figure of ₹7,060.37 crore, providing crucial support and cushioning the market from a sharper fall.
The primary market remained active, with several ongoing IPOs nearing their close. The subscription status for the issues that opened on August 26, 2025, has been updated as of the third day of bidding.
Mainboard IPOs
- Vikran Engineering Limited (EQ):
- IPO Dates: August 26, 2025, to August 29, 2025
- Status as of Day 3 (August 28, 2025): The IPO was subscribed 2.90 times overall, receiving bids for 17,01,42,724 shares against the 5,87,39,128 shares offered. The issue has seen strong demand from Non-Institutional Investors (NIIs) and Retail investors.
- IPO Dates: August 26, 2025, to August 29, 2025
- Status as of Day 3 (August 28, 2025): The IPO was subscribed 1.64 times overall, with 2,18,33,812 bids against the 1,33,00,000 shares on offer. Retail and NII portions were fully subscribed, while Qualified Institutional Buyers (QIBs) bids were at 91%.
SME IPOs
- Current Infraprojects Limited (SME):
- IPO Dates: August 26, 2025, to August 29, 2025
- Status as of Day 3 (August 28, 2025): The IPO continued to see a remarkable subscription, with the issue being subscribed a total of 26.45 times so far. The retail portion was heavily oversubscribed, demonstrating robust investor confidence.
- Sattva Engineering Construction Limited (SME):
- IPO Dates: August 26, 2025, to August 29, 2025
- Status as of Day 3 (August 28, 2025): The IPO was subscribed 4.64 times overall, receiving bids for 1,57,05,600 shares against the 33,87,200 shares offered.
- Upcoming IPOs
- Amanta Healthcare Limited (EQ): This mainboard IPO is scheduled to open for subscription from September 1, 2025, to September 3, 2025, with a price band of Rs. 120 to Rs. 126.
- Snehaa Organics Limited (SME): This SME IPO is set to open on August 29, 2025, and will close on September 2, 2025.
The Indian equity market closed lower on Thursday, August 28, 2025, with both the Sensex and Nifty facing a decline. The market sentiment was impacted by global factors, particularly the imposition of 50% tariffs by the US on Indian goods. Here's a look at the top gainers and losers of the day.
Top Gainers on August 28, 2025
- Titan Company
- Closing Price: ₹3,632.00
- Change: +₹38.00 (+1.06%)
- Analysis: Despite the broader market downturn, Titan emerged as the top gainer. The stock's positive movement was a result of strong investor interest in the consumer durables sector, which was the only sector to close in the green.
- Coal India
- Closing Price: ₹375.00
- Change: +₹2.54 (+0.68%)
- Analysis: Coal India showed resilience amid a weak market. The stock's modest gain of 0.68% indicates a stable performance, likely supported by a positive outlook for the energy and infrastructure sectors.
- Larsen & Toubro
- Closing Price: ₹3,564.10
- Change: +₹22.80 (+0.64%)
- Analysis: Larsen & Toubro's stock recorded a positive close, a contrast to the overall market trend. The gain suggests continued investor confidence in the company's strong fundamentals and its position in the capital goods sector, which is expected to benefit from domestic economic activity.
- Maruti Suzuki
- Closing Price: ₹14,798.00
- Change: +₹84.40 (+0.57%)
- Analysis: Maruti Suzuki's stock managed to end the day with a gain, showing relative strength. The positive performance in a bearish market reflects an optimistic view of the automotive sector and a favourable long-term outlook for the company's sales and market share.
Top Losers on August 28, 2025
- Shriram Finance
- Closing Price: ₹571.25
- Change: -₹23.40 (-3.94%)
- Analysis: Shriram Finance was the biggest loser, with its stock dropping significantly. The steep decline was likely a result of profit booking and a cautious sentiment in the financial services sector, which was impacted by the overall market weakness.
- HCL Technologies
- Closing Price: ₹1,450.20
- Change: -₹42.60 (-2.85%)
- Analysis: HCL Tech faced a notable decline, reflecting a negative sentiment in the IT sector. The drop was likely influenced by concerns over the new US tariffs, as the IT industry is heavily reliant on the US market.
- Power Grid Corporation of India
- Closing Price: ₹274.20
- Change: -₹5.70 (-2.04%)
- Analysis: The stock of Power Grid slipped, closing with a loss of over 2%. This decline was likely a result of the broad-based market correction, with investors pulling out from various sectors, including power and infrastructure.
- Tata Consultancy Services (TCS)
- Closing Price: ₹3,098.00
- Change: -₹59.00 (-1.88%)
- Analysis: TCS, a bellwether in the IT sector, also closed in the red. The loss was driven by a negative outlook for the tech sector following the news about US tariffs, leading to a pull-back from investors.
- ICICI Bank
- Closing Price: ₹1,397.60
- Change: -₹19.00 (-1.34%)
- Analysis: ICICI Bank's stock saw a decline, reflecting the weak performance of the banking sector. The fall was a result of a widespread market correction and profit booking, with investors becoming cautious in a volatile environment.
The IT sector was particularly hit, with IT heavyweights like Infosys and TCS seeing significant losses, erasing some of the gains from earlier in the week.
The Indian stock market on Thursday, August 28, 2025, continued its negative trajectory, with a sharp decline driven by the persistent concern over US tariffs. The market is showing a strong risk-off sentiment, with FIIs continuing to sell and domestic investors providing a crucial but limited cushion. While a few defensive stocks and sectors like Consumer Durables showed minor gains, the sell-off was widespread, affecting major indices and most key sectors. The market is likely to remain volatile as it grapples with geopolitical uncertainty and profit booking at higher levels. Investors are advised to remain cautious and focus on domestic consumption themes that may be more insulated from the global trade tensions.