Indian markets again faced the heat on 28 August 2025, according to global cues and investor fears over Trump’s new tariffs. Sensex closed at 80,080, plummeting sharply, while the Nifty fell to 24,500 and Bank Nifty closed at 53,820.
- Crude oil was traded at around $67.53 a barrel, again fueling inflation fears.
- Rupee fell to ₹87.62 against the US dollar.
- US 10-year bond yield was at 4.27, and Dollar Index ticked up to 98.12.
- Gold was at ₹1,01,400, and silver at ₹1,16,400, indicating safe-haven buying.
- India VIX went to 13.05, an indication of increased market volatility.
- FIIs net sold ₹6,516 crore, adding selling pressure.
- DIIs rescued the market with ₹7,060 crore inflows, stopping further harm to the market.
- NVIDIA posted robust profits with positive guidance. Data center sales skyrocketed, but shares dropped on new US regulations mandating 15% tax on goods exported to China.
- Cracker Barrel rose 5% following the abandonment of a proposal to redesign a logo.
- Kohl's jumped 19% following better-than-projected quarterly numbers.
- JM Smucker fell as weak performance damaged investor mood.
- Tata Steel invested ₹3,100 crore in Singapore group company T Steel Holding Pvt Ltd.
- Biocon got USFDA tentative approval for Sitagliptin tablets (25mg, 50mg, 100mg) in type-2 diabetes.
- United Breweries to invest ₹90 crore to increase Telangana brewery capacity.
- Oil India & BPCL JV: To increase PNG gas distribution in Arunachal Pradesh.
- Dr. Reddy's got interim stay from Telangana HC in the DRHL Berger case.
- SBI Card & Flipkart introduced a new co-branded credit card offering 7.5% cashback.
- TCS accelerated AI thrust, bringing in Amit Kapoor to head initiatives.
- IndiGo (Gangwal family) selling 3.1% stake in block deal at 4% discount, freeing up ₹7,280 crore.
- JSW Steel & APMDC JV received official certification.
- Aditya Birla Capital got RBI approval as a payment aggregator.
- Adani Group got CCI clearance for Jaypee Associates buyout, facilitating bank debt reduction.
- Graphite India acquired stake in Godi Indra to 45.76%.
- Hyderabad plant of SMS Pharma received EIR by USFDA without any observations.
- Escorts rolled out its MU 4201 tractor.
- Newgen Software received ₹73 crore order to be completed within 2 years.
- MGL has been issued GST demand notice of ₹54 crore.
- SCI declared a dividend of ₹6.59, record date 5 Sept 2025.
- Adani Cement to sell 5% stake in Abuja Cement, to service ₹15,000 crore debt.
- TVS Motors rolled out new EV scooter ORBITER.
- Govt exempted import duty on raw cotton up to 31 Dec 2025, providing relief to textile players.
- All 15 NSE sectors ended in the red, with IT, banks, realty, and defence at the lead.
- Pharma shares remained relatively upbeat against global uncertainty.
- Investor wealth came under severe battering as broad-based selling pulled down midcap and smallcap indices too.
Markets closed soft in spite of domestic institution support, as weak global leads, tariff shocks, and big FII selling pressured sentiment. Though stock-specific action came from corporate-specific events, the tone overall was bearish. With NVIDIA earnings, US tariffs, and commodity price volatility, volatility will remain next couple of sessions.