Stock markets rebound in early trade after two days of slump

Equity benchmark indices Sensex and Nifty rebounded in early trade on Friday (August 29, 2025) after two days of sharp decline amid value-buying at lower levels.

The 30-share BSE Sensex climbed 197.11 points to 80,277.68 in initial trade. The 50-share NSE Nifty went up by 63.45 points to 24,564.35.

From the Sensex firms, Hindustan Unilever, Trent, Asian Paints, ITC, Kotak Mahindra Bank and UltraTech Cement were among the major gainers.

However, Mahindra & Mahindra, NTPC, Eternal and Infosys were among the laggards.

On Thursday (August 28, 2025), the Sensex tanked 705.97 points or 0.87% to settle at 80,080.57. The Nifty dived 211.15 points or 0.85% to 24,500.90.

In the past two trading days, the BSE benchmark has plummeted 1,555.34 points or 1.90%.

Meanwhile, India is hopeful of resuming negotiations with the U.S. on the proposed bilateral trade agreement (BTA), and resolving the issue relating to the steep 50% tariff on Indian goods imposed by Washington will be key to striking the deal, a government official said on Thursday.

However, the official said the new dates for the next round of negotiations for the agreement have not yet been finalised.

In Asian markets, South Korea’s Kospi and Japan’s Nikkei 225 index quoted lower while Shanghai’s SSE Composite index and Hong Kong’s Hang Seng traded in positive territory.

The U.S. markets ended higher on Thursday (August 28, 2025).

Global oil benchmark Brent crude declined 0.66% to $68.17 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,856.51 crore on Thursday, while Domestic Institutional Investors (DIIs) bought stocks worth ₹6,920.34 crore, according to exchange data.