On the Nifty, the biggest drags were Shriram Finance, HCL Technologies, TCS, Power Grid, and Infosys
Gaurav Garg,
Lemonn Markets Desk
Mumbai, August 28, 2025: Indian equity markets extended their losing streak for the second straight session on August 28, with benchmark indices ending deep in the red amid broad-based selling pressure. The Nifty 50 closed near the 24,500 mark, while the Sensex slipped around 650 points, dragged down primarily by IT and realty stocks. Weakness was visible across most sectors, reflecting cautious investor sentiment amid lingering global and domestic headwinds.
On the Nifty, the biggest drags were Shriram Finance, HCL Technologies, TCS, Power Grid, and Infosys, highlighting the sharp sell-off in financials and technology counters. On the positive side, Titan Company, Adani Enterprises, Coal India, Reliance Industries, and Hero MotoCorp managed to buck the trend and post gains, providing some cushion to the indices. Sectorally, barring consumer durables, all indices closed lower, with banking, IT, realty, FMCG, and telecom each slipping about 1%. Broader markets also succumbed to the pressure, with the BSE midcap index down 1.1% and the smallcap index falling 0.9%, indicating that the weakness was not confined to large caps.
The sell-off comes against the backdrop of weak global cues, ongoing concerns over U.S. tariff measures on Indian imports, and sustained foreign fund outflows, which have kept investor sentiment fragile. With heightened volatility, market participants remain cautious ahead of key economic data releases and further global developments.
