Stock Market Live Highlights: Market Mayhem: Nifty Crashes At Aroun 24,700 And Sensex Sheds 849 Points Amid Broad Selloff

Market Wrap: A Rough Day for Bulls as Nifty Slumps Below Key Levels

Tuesday, August 26, turned out to be a tough session for Indian equity markets. The Nifty 50 plunged over 250 points intraday and closed at 24,712.05, down 1.02%, slipping below its 20-DMA and hitting levels not seen since May 9. The Sensex also mirrored the weakness, falling 849 points to close at 80,786.54.

It was a broad-based selloff, with all sectoral indices, barring FMCG, ending in the red. Pressure was sharpest in Realty, PSU Banks, Metal, Pharma, and Energy stocks, each logging losses between 1.5% to 2.5%.

Banking stocks bore the brunt, with Nifty Bank falling over 700 points and closing below 55,000 for the first time since May 22. Major index heavyweights were among the top drags: ICICI Bank (-37 pts), Reliance (-30 pts), Bharti Airtel (-22 pts), M&M (-22 pts) and L&T (-21 pts) together contributed nearly 50% of the Nifty’s decline.

The selloff comes amid rising global concerns, aggressive FII selling, and looming fears of higher U.S. tariffs impacting sentiment. With the August F&O expiry around the corner, traders should brace for more volatility ahead.

Nifty trades near 24,800 as Sensex slips 580 points. Mid and small-cap stocks face significant declines amid global uncertainties and tariff concerns, causing cautious investor sentiment and market pressure today.

• Sensex: 80,980.30 (down 655.61 points or 0.80%)
• Nifty: 24,765.20 (down 202.55 points or 0.81%)

Markets plunge as selling pressure intensifies; Sensex and Nifty drop sharply in early trade amid global and tariff concerns.

Sensex opened at 81,390.06, down 245.84 points (0.30%), while Nifty fell 56.85 points (0.23%) to 24,910.90. Markets started lower as investors stay cautious amid global uncertainties.

Asian markets mostly fell overnight, with Japan and South Korea trading lower. Meanwhile, GIFT Nifty futures signal a negative start for Indian markets.

A big headline: former Fed Governor Lisa Cook was fired by President Trump over alleged false statements on mortgage forms. This move has raised concerns about the Fed’s independence, causing the US Dollar index to dip 0.16% and US futures to slip.

The US 10-year bond yield climbed slightly to 4.28%, while Wall Street ended its winning streak, with the Dow dropping nearly 1%.

In the crypto space, Ether slid after reaching a record near $5,000 last week. On the brighter side, gold prices rose as investors looked for safe havens, and oil prices increased amid ongoing Russia-Ukraine peace talks.

Stay tuned for more updates as the day unfolds!

Indian markets are likely to open lower today, as indicated by GIFT Nifty trends in early trading session. The index was down by 67.5 points or 0.27 percent, with Nifty futures trading near the 24,925.50 mark. This suggests a soft start for benchmark indices like Sensex and Nifty50, following global market weakness and investor caution amid rising trade tensions. Traders will be watching for early cues and sector movements as the session unfolds.

At 8:47 Am, The index was trading 24914.50 down with 22.50 points. 

U.S. markets closed lower on Monday as investors shifted focus to upcoming Nvidia earnings and fresh signals from the Federal Reserve on interest rates. This came after Friday’s strong rally, which had pushed the Dow Jones to a record high.

The S&P 500 fell 0.43% to close at 6,439.32, while the tech-heavy Nasdaq slipped 0.22% to 21,449.29. The Dow Jones Industrial Average declined 0.77%, ending the session at 45,282.47.

Market participants remain cautious, awaiting updates from the Fed and key corporate results that could shape the next market move.

The markets kicked off the week on a strong note! On Monday, the Sensex jumped 329 points to close at 81,635.91, while the Nifty 50 added 97 points to settle at 24,967.75, just shy of the 25,000 mark.

What boosted the mood? A rally in IT and metal stocks, following US Fed Chair Jerome Powell’s comments suggesting a steady approach to interest rates. However, the Nifty still faced resistance near the 25,000 level and pulled back from the day’s high.

Among sectors, the IT index led the gains with a 2.3% rise, followed by Realty (up 0.7%) and Metals (up 0.6%). Infosys, TCS, HCL Tech, Wipro, and Hindalco were the top gainers. On the flip side, Apollo Hospitals, Nestle India, BEL, Adani Enterprises, and SBI Life ended in the red.

Are you expecting Nifty to break past 25,000 this week?