Indian equity indices opened Friday’s trading session on a subdued note with a negative bias. The NSE Nifty 50 opened 0.13% lower at 24,560. The BSE Sensex opened 130 points lower at 80,495.
Similarly, Bank Nifty opened 20 points or 0.04% higher at 55,540. In line with the benchmarks, the small and midcap stocks on the muted note. The Nifty Midcap fell 58 points or 0.10% to 56,880.
“Volatility and choppiness are expected in today’s trade amid multiple triggers, including fresh US tariffs on India — doubled to 50% by President Trump, with the extra 25% effective 27 August — FII outflows of over Rs 12,500 crore this week, a weak rupee near 87.78, and uninspiring Q1FY26 earnings. The RBI has held the repo rate at 5.5% with a neutral stance seen as hawkish,” said Prashanth Tapse, Senior Vice President of Research at Mehta Equities.
“Technically, after a gap-down open, the market corrected sharply. However, it eventually found support near 24,350 and bounced back sharply. From the day’s lowest point, the market rallied over 275 points. Additionally, on intraday charts, a reversal formation has appeared, which is a positive sign,” said Shrikant Chouhan, Head of Equity Research at Kotak Securities.
“The market continues to be technically and fundamentally weak. Continuous lower lows on the Nifty is technically a weak sign. From the fundamental perspective, there are no indications yet of a sharp uptick in earnings for FY26. These weak indicators, along with the relatively high valuations in India, are triggering sustained selling by the FIIs. FIIs have sold on all trading days of August, so far, taking their total cash market selling in August, till now, to Rs 15,950 crores,” said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.
Let’s take a look at the key factors to watch out for today’s trading session
Early gainers and laggards
In early trade, among the Nifty 50, top gainers at this hour were Trent, Tata Motors, Bajaj Finance, Hero MotoCorp, and Bajaj Finserv. On the flip side, the key laggards in the Nifty 50 pack included Bharti Airtel, Zomato (Eternal), Infosys, Bharat Electronics, and HDFC Bank.
Major movers on Friday
The stocks that remained under pressure included Reliance Industries, Bajaj Finance, Larsen & Toubro, Titan, and Trent, which were the major movers in the morning trade.