Daily Finance Pulse India - Thursday 28 Aug 2025
On 27th Aug 2025, Indian markets closed sharply lower with Nifty 50 down 255.7 points at 24,712.05 and Sensex down 849.37 points at 80,786.54 amid US doubling tariffs on Indian goods to 50%, triggering strong foreign investor selling. The market is set to open lower on 28th Aug 2025, impacted by global cues and tariff concerns. The Indian stock exchanges are open on 28th Aug 2025. Overall sentiment is bearish given tariff impact and technical chart signals.
1/10
Decline: US Doubles Tariffs on Indian Goods, Indian Markets Fall Sharply
On 27th Aug 2025, the US administration implemented a 50% tariff on Indian imports, doubling the previous 25% tariff. This led to a sharp selloff in Indian equity markets, with the NSE Nifty 50 closing down 255.7 points (1.02%) at 24,712.05 and the BSE Sensex falling 849.37 points (1.04%) to 80,786.54. Foreign Portfolio Investors (FPIs) net sold shares worth Rs 6,580.1 crore, intensifying the decline (27th Aug 2025).
Impact: Higher US tariffs are weighing on India’s export sector and investor sentiment, causing market declines and increased volatility.
2/10
Decline: Trump Tariffs Come Into Effect, Indian Markets Set for Weak Opening
On 28th Aug 2025, Indian markets were expected to open lower following the US imposition of additional tariffs on Indian goods. The tariffs, effective from 27th Aug 2025, doubled total duties to 50%, prompting negative market sentiment. The GIFT Nifty futures were down 0.3% early on 28th Aug, reflecting cautious investor mood (28th Aug 2025).
Impact: The tariff hike is causing immediate pressure on market openings and investor confidence.
3/10
Stake Sale: IndiGo Founder Family Plans ₹7,028 Crore Block Deal
On 28th Aug 2025, Rakesh Gangwal and his family trust announced plans to sell up to 3.1% stake in InterGlobe Aviation (IndiGo) via a block deal worth approximately ₹7,028 crore. The sale price is set at ₹5,808 per share, about 4% below the previous closing price (28th Aug 2025).
Impact: This significant stake sale could impact IndiGo’s share price and indicate promoter liquidity moves.
4/10
Approval: US FDA Grants Tentative Nod for Biocon's Diabetes Drug
Biocon Pharma received tentative approval from the US FDA on 27th Aug 2025 for Sitagliptin tablets (25 mg, 50 mg, 100 mg), a medication managing blood sugar in type 2 diabetes patients. This regulatory nod could boost Biocon's US market prospects (27th Aug 2025).
Impact: FDA approval enhances Biocon’s growth potential in the lucrative US pharmaceutical market.
5/10
Corporate Expansion: TCS Forms AI & Services Transformation Unit
Tata Consultancy Services announced on 28th Aug 2025 the creation of a new unit named AI and Services Transformation by merging its AI teams. Amit Kapur will lead the unit as Chief AI and Services Transformation Officer starting 1st Sept 2025, aiming to strengthen TCS’s AI capabilities (28th Aug 2025).
Impact: This move positions TCS to capitalize on growing AI-driven IT service demand.
6/10
Selling Pressure: Vishal Mega Mart Shares Sold by BNP Paribas and Others
On 28th Aug 2025, BNP Paribas Financial Markets and Integrated Core Strategies sold a combined 7.94 crore shares (1.7% stake) in Vishal Mega Mart for ₹1,213 crore, indicating institutional selling pressure (28th Aug 2025).
Impact: Such large share sales by institutional investors may pressure Vishal Mega Mart’s stock performance.
7/10
Technical: Nifty Below Support, Bearish Pattern Signals Further Downside
As of 27th Aug 2025, Nifty closed below its 24,800 support level forming a bearish head and shoulders pattern with neckline at 24,450. This chart formation suggests further downside risk towards 24,500 or 24,350 (27th Aug 2025).
Impact: Technical indicators warn of continued weakness in the Nifty index, advising caution for investors.
8/10
Bank Nifty Breaks Support, Hits 3.5-Month Low Ahead of Expiry
On 27th Aug 2025, Bank Nifty slipped below 55,050 support to reach a 3.5-month low, with potential to test sub-54,000 levels ahead of monthly expiry on 28th Aug 2025. Resistance is seen near 55,000 (27th Aug 2025).
Impact: Banking sector weakness may drag overall market sentiment further down in short term.
9/10
Joint Venture: Oil India and BPCL Collaborate on Strategic Projects
On 28th Aug 2025, Oil India and Bharat Petroleum Corporation Limited announced plans to form a joint venture aimed at enhancing upstream and downstream operations, signaling cooperation in the energy sector (28th Aug 2025).
Impact: This JV could improve operational efficiencies and strengthen India’s energy sector growth.
10/10
Expansion: United Breweries Plans Market Growth Initiatives
United Breweries announced on 28th Aug 2025 new expansion strategies to increase market penetration and volume growth, aiming to capture more consumer share in the alcoholic beverages segment (28th Aug 2025).
Impact: Growth initiatives by United Breweries could boost revenues and investor confidence in the FMCG sector.