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EquityWireIndia Stocks Review: Down on profit-taking; end 6-session gaining run
India Stocks Review

Down on profit-taking; end 6-session gaining run

This story was originally published at 17:18 IST on 22 August 2025
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Informist, Friday, Aug. 22, 2025

 

By Simran Rede

 

MUMBAI –  The headline indices closed lower Friday after rising for six straight sessions. Investors sold for profits after the market rally that was mostly propelled by optimism over the proposal to rationalise the goods and services tax. Over the six sessions, the Nifty 50 had risen 2.4% and the Sensex had gained 2.2%. Investors also became cautious with the deadline for fresh tariffs on Indian exports drawing near. Near-term nervousness in the market rose after having cooled over four sessions. India VIX, the market's volatility index, ended 3.1% higher at 11.7275.

 

The Nifty 50 closed at 24870.10, down 213.65 points or 0.9%. The BSE Sensex ended at 81306.85 points, down 693.86 points or 0.9%. Both indices, however, still closed in positive territory for the second successive week after having fallen six weeks in a row.

 

Over the trailing 12 months, domestic institutional investors have supported the market with their investments rising to a record high of $80 billion, which is double the outflows of foreign funds, ICICI Securities said in a strategy report. The intensity of buying by domestic institutional investors against continuous selling by foreign portfolio investors is the highest seen so far, including during the global financial crisis of 2008 and the interest rate spike-driven selling of 2022, the broking firm said.

 

FPI fund flows have been mixed for all key emerging markets in August. Foreign investors offloaded $1.72 billion in India, $677 million in Taiwan, and $542 million in South Korea, Shrikant Chouhan, head of equity research at Kotak Securities, said in a note. Additionally, they sold assets worth $1.08 billion in Vietnam, $522 million in Malaysia, $149 million in Thailand, and $59 million in Brazil, he said.

 

Index heavyweights HDFC Bank, Reliance Industries, and ICICI Bank dragged the Nifty 50 lower. Together, they contributed to a fall of over 0.3% in the benchmark index. Adani Enterprises, Grasim Industries, and Asian Paints were the worst hit stocks in the Nifty 50, each down over 2%. Mahindra & Mahindra and Maruti Suzuki were the top gainers in the index. Only seven of the 50 constituents of the index closed higher.

 

Analysts said the Indian equity market has shown resilience despite the tariff threats from the US, weak corporate earnings, and continued selling by foreign investors. The delay in a trade deal with the US has affected market sentiment. Some positive domestic triggers, such as a 75-basis-point rate cut by the Reserve Bank of India, above-normal monsoon, and a potential cut in goods and service tax slabs, have supported the market, they said.

 

On the sectoral front, Nifty Metal closed 1.3% lower and was the worst-hit sectoral index. Investors moved cautiously ahead of US Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium. Powell is slated to speak at 1930 IST. Market participants keenly await cues on the Fed's interest rate trajectory, which will be a key factor in the outlook for most domestic sectors, including metals.

 

Nifty Bank, Nifty Private Bank, and Nifty PSU Bank all closed 1.1% lower to be among the worst sectoral performers. On the other hand, Nifty Media closed 1% higher and was the top gainer. Only Nifty Media, Nifty Pharma, Nifty Healthcare, and Nifty Consumer Durables closed higher. Nifty India Defence closed marginally up.

 

Vodafone Idea rose nearly 8% and was the top gainer in the Nifty 200 after media reports said the Prime Minister's Office is likely to decide on a relief proposal for the company. Additionally, the government may reduce the adjusted gross revenue dues of telecommunication majors Bharti Airtel and Vodafone Idea, NDTV Profit reported, citing sources. The move, if it comes through, will give major relief to the two companies. Bharti Airtel and Bharti Hexacom ended 0.2% and 3.2% higher, respectively.

 

IRCON International rose 0.6?ter recovering sharply from early losses. The stock rebounded after the company received an order worth INR 5.10 billion from Meghalaya Infrastructure Development & Finance Corp. Netweb Technologies India surged over 12% and was the biggest gainer in the Nifty 500.

 

* Of the Nifty 50 stocks, 7 rose and 43 fell 

* Of the Sensex stocks, 5 rose and 25 fell

* On the NSE, 1,178 stocks rose, 1,762 fell, and 110 were unchanged

* On the BSE, 1,757 stocks rose, 2,322 fell, and 161 were unchanged

* Nifty Metal: down 1.3%; Nifty PSU Bank: down 1.1%; Nifty Media: up 1%


BSE                                              NSE

Sensex: 81306.85, down 693.86 points or 0.9%     Nifty 50: 24870.10, down 213.65 points or 0.9%


S&P BSE Sensitive Index                          

 Nifty 50                                

Lifetime High: 85978.25 (Sept. 27, 2024)

: Lifetime High: 26277.35 (Sept. 27, 2024)

Record Close High: 85836.12 (Sept. 26, 2024)  

: Record Close High: 26216.05 (Sept. 26, 2024)

2025 1st day close: 78507.41 (Jan. 1) 

: 2025 1st day close: 23742.90 (Jan. 1)

2025 Closing High: 84058.90 (Jun. 27)

: 2025 Closing High: 25637.80 (Jun. 27)

2025 Closing Low: 72989.93 (Mar. 4)

: 2025 Closing Low: 22082.65 (Mar. 4)

2025 High (intraday): 84099.53 (Jun. 30)

: 2025 High (intraday): 25669.35 (Jun. 30)

2025 Low (intraday): 71425.01 (Apr. 7) 

: 2025 Low (intraday): 21743.65 (Apr. 7)

2024 1st day close: 72271.94 (Jan. 1) 

: 2024 1st day close: 21741.90 (Jan. 1)

2024 Closing High: 85836.12 (Sept. 26)

: 2024 Closing High: 26216.05 (Sept. 26)

2024 Closing Low: 70370.55 (Jan. 23)

: 2024 Closing Low: 21238.80 (Jan. 23)

2024 High (intraday): 85978.25 (Sep. 27)

: 2024 High (intraday): 26277.35 (Sept. 27)

2024 Low (intraday): 70001.60 (Jan. 24) 

: 2024 Low (intraday): 21137.20 (Jan. 24)

2023 1st day close: 61167.79 (Jan. 2)

: 2023 1st day close: 18197.45 (Jan. 2)

2023 Closing High: 72410.38 (Dec. 28) 

: 2023 Closing High: 21778.70 (Dec. 28)

2023 Closing Low: 59288.35 (Feb. 27) 

: 2023 Closing Low: 17311.80 (Oct. 17)

2023 High (intraday): 72484.34 (Dec. 28)

: 2023 High (intraday): 21801.45 (Dec. 28)

2023 Low (intraday): 58699.20 (Jan. 30)

: 2023 Low (intraday): 17098.55 (Jan. 17)

2022 1st day close: 59183.22 (Jan. 3) 

: 2022 1st day close: 17625.70 (Jan. 3)

2022 Closing High: 63284.19 (Dec. 1)

: 2022 Closing High: 18812.50 (Dec. 1)

2022 Closing Low: 51360.42 (Jun. 17)

: 2022 Closing Low: 15293.50 (Jun. 17)

2022 High (intraday): 63583.07 (Dec. 1)  

: 2022 High (intraday): 18887.60 (Dec. 1)

2022 Low (intraday): 50921.22 (Jun. 17)

: 2022 Low (intraday): 15183.40 (Jun. 17)

2021 Closing High: 61305.95 (Oct. 14)

: 2021 Closing High: 18338.55 (Oct. 14)

2021 Closing Low: 46285.77 (Jan. 29)

: 2021 Closing Low: 13634.60 (Jan. 29)

2021 High (intraday): 61353.25 (Oct. 14)

: 2021 High (intraday): 18350.75 (Oct. 14)

2021 Low (intraday): 46160.46 (Jan. 29)

: 2021 Low (intraday): 13596.75 (Jan. 29)

2020 Closing High: 47751.33 (Dec. 31)

: 2020 Closing High: 13981.95 (Dec. 30)

2020 Closing Low: 25981.24 (Mar. 23)

: 2020 Closing Low: 7610.25 (Mar. 23)

2020 High (intraday): 47896.97 (Dec. 31)

: 2020 High (intraday): 14024.85 (Dec. 31)

2020 Low (intraday): 25638.90 (Mar. 24)

: 2020 Low (intraday): 7511.10 (Mar. 24)

2019 High (intraday): 41809.96 (Dec. 20)

: 2019 High (intraday): 12293.90 (Dec. 20)

2019 Low (intraday): 35287.16 (Feb. 19)

: 2019 Low (intraday): 10583.65 (Jan. 29)

2018 High (intraday): 38938.91(Aug. 28))

: 2018 High(intraday): 11760.20 (Aug. 28)

2018 Low (intraday): 32483.8 (Mar. 23)

: 2018 Low (intraday): 9951.9 (Mar. 23)

2017 High (intraday): 34005.37 (Dec. 26) 

: 2017 High(intraday): 10515.10 (Dec. 26)


End

 

Edited by Rajeev Pai

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

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