Stock markets rebound in early trade after two days of slump

admin — Fri, 29 Aug 2025 04:50:00 +0000

A view of the Bombay Stock Exchange in Mumbai.
| Photo Credit: Reuters

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.

Published – August 29, 2025 10:20 am IST

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Markets give up early gains amid weak global trends

admin — Tue, 27 Aug 2024 04:37:09 +0000

A view of the BSE building in Mumbai.
| Photo Credit: The Hindu

Stock market benchmark indices began the trade on a positive note on Tuesday (August 27, 2024) but failed to carry forward the winning momentum due to the emergence of profit-taking amid weak trends in global equities in view of rising geopolitical tensions in the Middle East and Ukraine.

The 30-share BSE Sensex climbed 117.63 points to 81,815.74 in early trade. The NSE Nifty went up by 27.1 points to 25,037.70.

However, later both the benchmark indices faced profit-taking after a continuous rally and were trading lower. The Sensex quoted 63.59 points lower at 81,626.12, while the Nifty traded 25.60 points down at 24,982.25.

Among the 30 Sensex firms, HCL Technologies, Power Grid, Bajaj Finserv, Larsen & Toubro, Nestle and UltraTech Cement were the biggest gainers.

Kotak Mahindra Bank, JSW Steel, Bharti Airtel and Asian Paints were among the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.

The U.S. markets ended mostly lower on Monday.

“There are both headwinds and tailwinds for the market now. Headwinds are coming from the escalation of geopolitical tensions in the Middle East and Ukraine. Brent crude has shot up above $81. The strongest tailwind comes from the expected rate cuts by the Fed which will spill over to other central banks including the RBI,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Foreign Institutional Investors (FIIs) bought equities worth ₹483.36 crore on Monday, according to exchange data.

Global oil benchmark Brent crude dipped 0.29 per cent to USD 81.19 a barrel.

Rising for the fifth straight day on Monday, the BSE benchmark Sensex jumped 611.90 points or 0.75 per cent to settle at 81,698.11. The Nifty soared 187.45 points or 0.76 per cent to 25,010.60, registering gains for the eighth session in a row.

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Stock markets rebound in early trade after two days of slump

Markets give up early gains amid weak global trends