Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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August 29, 2025

• Daily Morning Report          Date: 29.08.2025
• NIFTY OUTLOOK: 24500.90  FII -3856.51 cr  DII 6920.34 cr
• As discussed yesterday, market behaviour remained on expected lines. Strong selling pressure filled the bullish runaway gap, broke supports, and dragged Nifty to our level of 24510. It finally settled near 24500.90.
• A long bearish candle on the daily chart suggests strong weakness. If Nifty decisively breaks 24449, we may see a downside to 24397–24347. If selling pressure increases, it may even test 24295.
• On the upside, 24553–24603 may act as immediate resistance. A sustained breakout above this could push Nifty to 24655–24706.
• Bank Nifty Outlook:
• Spot: 53820.35 | PCR: 0.93 | Max CE OI: 57000 | Max PE OI: 57000
• On 28th August 2025, Bank Nifty closed at 53820.35 (-630.10, -1.16%) with a total movement of 613.80 points. The index hit a high of 54382.25 and a low of 53768.45.
• Technical View:
• Key support and resistance levels are 53650 and 54800.
• Intraday support and resistance are 53650 and 53990.
• Intraday Strategy
• Go long above 53990 with SL 53930 and target 54158.
• Go short below 53650 with SL 53710 and target 53480.
• RSI stands at 28.60, indicating oversold conditions (below 30 oversold, above 70 overbought).
• Bank nifty Day SMA Analysis
• Bank nifty is trading above 2 out of 8 SMA’s (150, 200 Day).
• Bank nifty is trading below 6 out of 8 SMA’s. (5, 10, 20, 30, 50,100 Day)
• No. active candlestick Pattern was identified in bank nifty.
• Macros
• 1. Dollar index @ 98.13
• 2. Vix @ 14.94 (+2.12%)
• 3. Brent crude @ 67.35
• 4. U.S. 10 years bond yield @ 4.237
• Note: President Donald Trump’s decision to double tariffs on imports from India to as much as 50% took effect as scheduled, dealing a serious blow to ties between the two countries that became strategic partners after the turn of the century. The Government of India is aggressively working to reduce the impact of this tariff shock by diversifying exports and exploring markets in the Euro zone, Brazil, Peru, and South Africa. However, these efforts will take time and may not fully offset the business loss.
• The effect is already visible in Surat, where more than 80% of the world’s rough diamonds are cut and polished. Orders have started drying up as looming U.S. tariffs shake buyer confidence. While smaller exporters have limited options to cushion the blow, bigger players plan to shift part of their operations to countries like Botswana, which faces a lower 15% U.S. tariff, compared to India’s current 25% tariff that is set to double on 27th Aug.
• ---------------------------------------------
• Contributed by
• Ashok bhandari : INH000019549
• -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
• NTPC : Board approved partial transfer of coal mining business to NTPC Mining; initial consideration ₹10,503.27 Cr; agreement by 30 Sep 2025.
• NTPC Mining
• Sadbhav Engineering Ltd
• Board meeting Sep 2, 2025 to consider conversion of promoter loans to equity, preferential issuances, and raising funds (QIP/rights).
• Trustedge Capital
• Board meeting Sept 2, 2025 to consider rights/preferential/QIP fundraising; trading window closed Aug 28
• Himatsing. Seide
• Board meeting Sep 2, 2025 to consider issuing securities to raise funds; trading window closed
• RBL Bank
• Board Meeting Intimation for Intimation Of Board Meeting To Be Held On August 29, 2025.
• consider fund raising
• Board meeting Aug 29 to propose QIP up to Rs.3,500cr and private debt placement up to Rs.3,000cr at
• Dr. Agarwal’s Health Care Limited (AHCL) and Dr. Agarwal’s Eye Hospital Limited (AEHL) announced a merger.
• Merger aims to streamline operations, provide unified management focus, & drive strategic alignment.
• AHCL was listed in Feb 2025, prospectus had already disclosed plans for a potential merger within 3 years.
• Swap Ratio: AHCL will issue 23 new equity shares (Re.1 FV) for every 2 equity shares (₹10 FV) of AEHL held (excluding AHCL’s existing stake).
• AEHL Board also approved a preferential issue of ~₹70 Cr (1,32,827 shares @ ₹5,270 per share, 2.7% of equity capital).
• This will not impact the eventual public shareholding in the merged entity.
• Merger is expected to be EPS accretive from Year 1.
• NDTV
• Board Meeting Intimation for Considering Fund Raising on Sep 2, 2025
• @beatthestreet10
• RMC Switchgears Ltd
• To consider raising of funds Board meeting 30 Aug 2025
• Unicommerce eSolutions Ltd
• To consider raising of funds Board meeting 1st Sept 2025
• @beatthestreet10
• Ravindra Energy Ltd
• - Board meeting Aug 29, 2025 to consider QIP, authorized capital alteration;
• Signet Industries Limited
• Crisil Rating says
• Issuer not cooperating, based on best-available information; Ratings continues to be ‘Crisil B+/Stable/Crisil A4 Issuer not cooperating’
• PROMOTER ACTIVITY UPDATE (AUG 21–28)
• PROMOTER SELLS
• • AMBO AGRITEC: Sold 0.11% stakes on 25–26 Aug via open market.
• • BHAKTI GEMS & JEWELLERY: Sold 0.08% stakes on 26 Aug via open market.
• • DR LAL PATHLABS: Sold 0.09% stakes on 25, 28 Aug via open market.
• • SYNTHIKO FOILS: Sold 4.82% stakes on 25 Aug via open market.
• • RAMA STEEL TUBES: Sold 0.08% stakes on 25–26 Aug via open market.
• PROMOTER ACTIVITY UPDATE (AUG 21–28)
• PROMOTER BUYS
• • DB CORP: Bought 0.02% stakes on 25–26 Aug via open market.
• • RUBFILA INTERNATIONAL: Bought 0.08% stakes on 26 Aug via open market.
• • RDC CONCRETE: Bought 0.27% stakes on 26 Aug via open market.
• • SYNTHIKO FOILS: Bought 26.06% stakes on 21–22 Aug via open market.
• • CAPITAL TRADE LINKS: Bought 0.05% stakes on 26 Aug via open market.
• • OVOBEL FOODS: Bought 0.16% stakes on 22 Aug via open market.
• • SEAMEC: Bought 0.18% stakes on 26 Aug via open market.
• • SKM EGG PRODUCTS: Bought 0.09% stakes on 26 Aug via open market.
• UBS ON FINANCIALS
• Upgrade Kotak to Buy; Kotak offers a play on all fast-growing segments
• Among NBFCs, prefer Chola & PFC; within Insurance, prefer SBI Life
• Expect the financial sector profit pool to nearly double in the next 5 years
• Non-lending businesses (AMCs, wealth management) are expected to grow 1.4-1.7x faster than lending
• Structural shift in household savings & investment patterns to aid sector growth
• Raise PayTM's Target Price to Rs 1250
• MS ON AUTOS
• Relooking At US Tariff Exposure
• Exports To The US Formed 38% Of Bharat Forge Standalone Topline & 10% Of BKT's FY25 Topline
• In June Quarter, Both Bharat Forge & BKT Faced 10% Tariffs On Bulk Of Their Products
• Both Cos Passed On Part Of The Headwinds In The June Quarter
• 30% Of BHFC's Standalone Topline, & 10% Of BKT's Topline Will Now Come Under 50% Tariff
• Tariffs Could Lead To A 30% & 10% Hit On EBITDA For BHFC & BKT Respectively
• MOSL – DR AGARWAL HEALTHCARE
• • TARGET PRICE: ₹530 (Maintain Buy)
• • MERGER SYNERGIES: Proposed merger of Dr. Agarwal Eye Hospital (AEHL) & Dr. Agarwal Healthcare (AHCL) expected to drive EPS accretion.
• • TIMELINE: Completion in 12–24 months, subject to approvals.
• • IMPACT: EPS-accretive for AHCL by 5–7% in FY27; minority interest from 28% public AEHL stake eliminated on pro forma basis.
• MORGAN STANLEY – STEEL
• • OUTLOOK: China steel production cuts now official; positive for Indian steel.
• • IMPACT: Supports China steel prices & spreads; steel stocks expected to perform well near term.
• BOFA – IT SECTOR
• • RECOMMENDATION: Neutral, Target ₹1,250 (Earlier ₹1,100)
• • INSIGHT: Revenue scale-up critical for next phase; payment business margin could improve FY25–27E; costs may inch up; trading in line with internet peers.
• UBS – TVS MOTOR
• • TARGET PRICE: ₹3,475 (Buy)
• • UPDATE: Orbiter launch strengthens #1 EV position; competitively priced targeting youth; competition in e2W space expected to heat up.
• JEFFERIES – NBFCs
• • INSIGHT: Loan demand subdued; GST rationalization may lift demand in select segments; price deflation & tariffs impact disbursements; stress higher across MSME.
• • DEFENSIVE PICK: Muthoot Finance; RBI policy remains dovish; fiscal easing likely; tariffs may negatively impact SMEs, microfinance & consumer finance.
• • PORTFOLIO MOVE: Add M&M, remove Aditya Birla Real Estate.
• INVESTEC – INTERGLOBE AVIATION
• • RECOMMENDATION: Sell, Target ₹4,050 (29% downside)
• • INSIGHT: Valuations already price in aggressive growth; earnings momentum weakening; additional supply may weigh on stock.
• NUVAMA – ADITYA VISION
• • TARGET PRICE: ₹580 (Maintain Buy, Earlier ₹503)
• • UPDATE: After large AC inventory in March, AVL halted AC orders post-April; strong OEM support and GST cuts expected to boost demand; revenue/EBITDA/PAT up 4–5% FY27E, 8–11% FY28E.
• RBI MONTHLY ECO
• Geopolitical tensions, lower demand may impact invest sentiment
• Private capex expected to rise to `2.67 lk cr in FY26
• High cash buffer points to cautiously optimistic Private invest FY26
• Uncertain demand points to cautiously optimistic Private invest FY26
• India economy remained resilient amid global uncertainties
• MPC to keep close vigil on evolving growth, CPI dynamics
• Persisting risks from India-US trade policies pose downside risk
• Rupee effective FX rate index 100.07 in Jul vs 99.68 in June
• Jun gross FDI inflows at $9.26 bn vs $7.17 bn May, $7.62 bn year ago
• SEBI August Bulletin
• Premium options turnover Jul down 3% on month on NSE, down 2% on BSE
• Jul futures turnover on NSE down 5% on month, on BSE down 40% on month
• Net FPI outflow INR 55.38 billion in July
• FPIs turned net sellers July in equity after 3 months of inflow
• FPIs equity outflow in July likely due to US tariff uncertainty
• Trailing PE ratios across global mkts moderated vs their highs in 2024
• Indian equities continue to trade at premium, below only US mkt
• Jul-end India 10-yr govt bond yield one of highest among emerging mkts
• INDIA
• September Series Starts-No adverse commentary on India
• DII buys for 3rd session-Added more than Rs 17k cr in cash market
• FIIs shorts back at 92% vs 86%,Sell for 4th session
• PM Modi starts 2 –day visit in Japan
• India GDP data today
• RBI to conduct variable rate reverse repo and government bond auctions
• JEFFERIES ON TELECOM
• Q1 Sector Rev Growth Was Healthy At 16% YoY
• Jio & Bharti Each Gained 20 bps Of Market Share Vs FY25
• Bharti's Higher Revenue Growth Reflects Superior Subscriber Mix
• Moderation In Voda's Subscriber Decline May Support Higher Rev Growth For Tariff Hikes
• Expect Sector Rev To Rise At A 14% CAGR To $46 Bn Over FY26-28, Mkt Shr Broadly Stable
• Bharti Remains Top Pick
• SINGTEL INVESTOR DAY : Bharti Airtel, Indus Tower In Focus
• CEO Says
• INDUS Tower to explore share buy back and dividend payment
• No dividend payment this time was just a one off
• MAJESTIC AUTO – SUBSIDIARY STAKE SALE UPDATE
• • RECEIVED PAYMENT: ₹70.79 Cr as another tranche for 80% stake sale in subsidiary ETPL
• • PENDING AMOUNT: Reduced to ₹0.54 Cr
• • TIMELINE: Full transaction expected to complete by 14th September 2025
• US BE LIKE-TACO TRADE STARTS
• US Fed Guv Cook-sues Trump over his attempt to fire her
• PM Modi starts 2-day visit to Japan
• Russian Air Strikes on Kyiv Kill 15 as Putin Snubs US on War
• US-Sanctioned Russian LNG Lands in China for First Time
• MAZAGON DOCK – SUSTAINABILITY & STRATEGIC EXPANSION
• • FY25 REPORT: Released Business Responsibility and Sustainability Report
• • GREEN INITIATIVES: Plans 1,375 kW solar panel installation for FY26
• • STRATEGIC EXPANSION: Greenfield Nhava Yard development for larger vessels
• ADANI POWER: WINS 25-YEAR LOA FOR 2,400 MW THERMAL PROJECT IN BIHAR
• Adani Power received a Letter of Award from BSPGCL for setting up a 2,400 MW ultra-supercritical thermal power plant at Pirpainti, Bhagalpur.
• The project includes a 25-year power purchase agreement with NBPDCL and SBPDCL.
• Estimated investment is $3 billion (₹25,000 crore+) with construction employment for 10,000–12,000 people and 3,000 jobs during operations.
• Adani Power quoted the lowest tariff at ₹6.075 per kWh through competitive bidding.
• CLSA ON NVIDIA NUMBERS
• Reported a strong quarter with overall revenues beating guidance
• Guidance for Q3 implies continued strong momentum with 54% YoY growth
• Remain positive on the Indian IT sector due to the US economy's improved growth prospects in 2026, supported by the mid-term elections
• Negative impact of tariffs in the base and potential interest rate cuts are expected to drive a revival in discretionary spending
• The sector's current attractive valuations provide further downside protection
• TCS, Infosys, Wipro, and Tech Mahindra have developed high-value capabilities built around the Nvidia ecosystem
• Over the past three months, TCS and Nvidia have collaborated on designing Al-native solutions for the telecom sector
• TCS's telecom customers will gain access to advanced agentic Al and digital twin technologies to enhance operations and business processes
• Infosys and Wipro remain the preferred picks
• NUVAMA On AUG-AUTO SALES
• Wholesales performance shall be a mixed bag with tractors, 2Ws and CVs to continue upward momentum YoY.
• Tractors and 2Ws growth shall be aided by positive rural sentiments while CV growth would be supported by a favourable base and pickup in execution of infra projects.
• In contrast, forecast PVs shall report a marginal decrease due to postponement of purchases owing to likely GST cuts.
• EIM-RE and TVSL would outpace peers in 2Ws while MM shall outperform among tractors and PVs.
• Reckon tractors, SUVs and 2Ws shall clock high single-digit growth over FY25–27E, outpacing CVs.
• Top picks are Mahindra & Mahindra, TVS Motors and Motherson Wiring