Market Minute | August 28,2025
Nifty hit by sell-off, H&S pattern in making; Ola Electric surges 8% & more inside!
Nifty 24,500.90 ▼ -0.85%
Sensex 80,080.57 ▼ -0.87%
Bank Nifty 53,820.35 ▼ -1.16%
Tariffs, expiry, and a bruised Nifty50!
The United States slapped an additional 25% tariff on Indian exports on Wednesday, taking total duties to a steep 50%. Global jitters and expiry pressure equals a recipe for a bloodbath on the Street.
The Nifty sank to a fresh 3-month low, just about clinging to the 24,500 mark on expiry day. The August series itself closed over 500 points lower. Foreign investors weren’t kind either; they sold $2.66 billion worth of Indian equities this month, the most since February.
The day opened gap-down and stayed that way, with Nifty, Sensex, and Bank Nifty all hugging the lows by close. And here’s the technical twist: the Nifty might be shaping into a Head & Shoulders top pattern. Not triggered yet, but definitely one to keep an eye on.
Banks take the hardest hit!
If expiry day felt brutal, blame it on the banking pack. The Nifty Bank dropped below 54,000 for the first time since May 9, sliding almost 2,000 points in just four sessions. That’s a free fall by any standard.
The pain wasn’t confined to banks. IT (-1.59%), Realty (-1.50%), FMCG, PSU Banks, and Pharma all ended in the red. To rub salt in the wound, in just two sessions, investors have watched ₹10 lakh crore of market wealth vanish.
Broader markets crack too!
The weakness wasn’t limited to large caps. Mid Caps slipped 1.27%, now hovering near their 3-month low. Small Caps were worse, falling 1.45% and breaking below their 3-month low altogether. In short, the cracks are deepening, and the broader market is feeling the heat.
Key levels to watch (August 29, 2025)
OI Insights: Expiry Tuesdays are here!
That’s right, a reminder, no more Thursday expiries. As of today, all index derivatives now expire on Tuesdays.
And for the September 2 expiry, the setup already looks heavy. The options market is building strong call walls: 42.17L added at 24,600CE, 40.67L at 24,700CE, and a big 50.19L at 24,800CE. Put writers? Staying cautious, with only 24,200PE seeing a decent addition of 25.89L OI.
Translation: Upside capped unless bulls clear these call barricades.
News you can use
InterGlobe Aviation slumps 5.34% on reports of the co-founder’s discounted stake sale.
Ola Electric jumps 7.91% as Gen 3 scooters get government compliance nod.
BLS International bags ₹2,055 crore UIDAI order for Aadhaar Seva Kendras.
Shakti Pumps’ ₹269 crore tranche of 10,000 solar pumps is fully booked.
Ramco Systems secures aviation software order from UAMCO.
Unity Bank and BharatPe launch India’s first EMI-based credit card.
Power Mech wins ₹371 crore civil works contract from Adani Power arm.
Chart of the day: Jindal Stainless
Spotted: Rectangle pattern
Structure: Price moves within parallel support and resistance, showing indecision between buyers and sellers.
Validation: Breakout above resistance signals bullishness, breakdown below support indicates bearishness, volume confirmation is key.
Trading Insight: Often a continuation pattern, with the expected move equal to the rectangle’s height projected from the breakout.
That’s a wrap for today’s action-packed session!
We’ll be back in your inbox on August 29, 2025, with more sharp insights, fresh trends, and signals from the markets.