Nifty Slips Below 24,450 as Tariff Woes and Weak INR Weigh; FMCG Shines on GST Hopes

📰Daily Market Wrap-Up by Stock Whisperers- August 29, 2025

Author

thestock whisperers
August 29, 2025

August 29, 2025

📈 Market Overview:

Market Overview

Summary of the Day's Market Performance

  • The Sensex fell 270.92 points (-0.34%) to close at 79,809.65, reflecting caution.

  • The Nifty dropped 74.05 points (-0.30%) to 24,426.85, falling below 24,450.

  • Midcap index shed 0.4%, and Smallcap index fell 0.3%, showing mild broader market weakness.

  • Metal, IT, Realty, and Auto shed 0.5-1%, while Capital Goods, Consumer Durables, Media, and FMCG rose 0.2-1%.

💸 Market Transactions:

  • Foreign Institutional Investors (FII): Sold ₹8,092.90 crore

  • Domestic Institutional Investors (DII): Bought ₹10,925.34 crore

DII inflows provided significant support, countering heavy FII outflows amid tariff uncertainty.

📊📑 Important Observations and Market Sentiments: Editor Special

  • Investor sentiment remained cautious as markets grappled with the full impact of US tariffs, effective today, potentially heightening export competitiveness challenges. INR depreciation pressure and risk aversion impacted mid- and small-cap valuations, though the market views disruptions as temporary, pending trade negotiation progress.

  • FMCG stocks sustained momentum on GST rate rationalization hopes and stronger consumer demand, though short-term fiscal impacts remain under review. Domestic resilience, backed by a projected 6.5% GDP growth (August 8 context), offers a buffer, but uncertainty persists due to limited US-India dialogue.

  • Analysts expect Nifty to consolidate around 24,300–24,500, with support at 24,200—watch trade talks and sectoral earnings.

❓ DO YOU KNOW?

The US imposed a 50% tariff on Indian goods today, impacting $87 billion in exports, with the INR hitting 88.20, a record low, reflecting heightened trade tensions.

📰Stock News:

Key Stock Movements and News

  • Top Gainers: Shriram Finance, ITC, Bharat Electronics, Trent, and Asian Paints

  • Top Losers: M&M, Infosys, Apollo Hospitals, Adani Enterprises, and Reliance Industries

  • Reliance Industries declined 2% as investors monitored its AGM, impacting energy sentiment.

  • CG Power rose over 5% to ₹699.75 after its subsidiary launched a ₹7,600 crore semiconductor unit in Gujarat.

  • FMCG shares like Colgate, ITC, and HUL gained up to 3% ahead of next week’s GST council meet, lifting the Nifty FMCG index 1.7%.

  • Asian Paints rose among the top gainers, boosted by easing input costs and domestic demand.

  • Anlon Healthcare’s IPO finalized allotment, with shares set to list on September 1, boosting SME sentiment.

  • Vikran Engineering’s IPO finalized allotment, with shares set to list on September 1, drawing infrastructure focus.

  • Ola Electric Mobility surged 20% this week on PLI certification for Gen 2 and Gen 3 scooters, eyeing Q2FY26 profitability.

  • Abril Paper Tech’s IPO opened, raising interest in the paper sector.

  • Yes Bank jumped 4% after reports of a ₹16,000 crore SMBC infusion to strengthen its balance sheet.

Markets Enter August 25-29 on Firm Footing: Nifty Eyes 25,000 Amid Rate Cut Hopes and Global Cues

August 25-29, 2025

The week of August 25-29, 2025, begins with Sensex at 81,635.91 and Nifty at 24,967.75 after weekly gains, driven by rate cut optimism and trade truce extensions. Key events include FOMC minutes, global PMIs, and US PCE data, alongside earnings like Nvidia's, which could sway tech sentiment. India's WPI and forex reserves will gauge domestic strength, with the monsoon aiding recovery. Nifty's range (24,500-25,000) suggests consolidation, with opportunities in tech, banking, and consumer stocks amid easing global tensions.

👀Stocks to Focus:

  • CG Power: Semiconductor unit impact to monitor.

  • Reliance Industries: AGM outcomes to watch.

  • Ola Electric: PLI boost to observe.

📝Summary:

Indian markets fell 0.30%, with Nifty at 24,426, as US tariffs and INR depreciation weighed. FMCG and Media gained, while Metals lagged. DII buying offsets FII outflows—focus on trade talks and GST updates!

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Disclaimer: The Stock Whisperers is a media platform providing educational and informational content related to the stock market. We do not offer investment advice, stock recommendations, or tips. Readers should consult a SEBI-registered advisor before making any investment decisions.