Mid-Day Market Update 28 Aug 2025: Nifty Slips Below 24,550 as U.S. Tariffs Bite
By CapitalKeeper | Mid Day | Indian Equities | Market Moves That Matter
Indian markets slump mid-day on August 28, 2025. Nifty falls to 24,534 amid U.S. tariffs and foreign outflows. Bank Nifty drops below 54k; Sensex near 80,200. IT and financials lead losses; FMCG offers defense. Sector and technical analysis inside.
Mid-Day Market Update – 28 August 2025
Index Snapshot
- Nifty 50: Opened at 24,695.80, trading at 24,534.25
- Day’s high: 24,702.20
- Bank Nifty: Opened 54,256.00, now 53,937.95
- Day’s high: 54,382.25
- Sensex: From 80,754.66 to 80,169.45
- Day’s high: 80,775.71
- Fin Nifty: Opened 25,832.70, now 25,712.55
- Day’s high: 25,910.40
Markets remain firmly under pressure mid-day, reflecting intensified risk aversion following punitive U.S. tariffs on Indian goods, significant FII outflows, and renewed dollar strength.
Macro & Global Cues
U.S. Tariffs Trigger Sell-Off
The sharp equity slide stems from the U.S. implementing an additional and punitive 25% tariff on Indian goods, raising the total duty up to 50%, mainly in retaliation to India’s continued Russian oil imports.
Foreign Outflows & Liquidity Stress
Foreign Institutional Investors (FIIs) have dumped approximately $2.66 billion in Indian equities this month the worst-monthly outflow since February.
Rupee Pressures Despite RBI Support
The rupee’s initial recovery quickly reversed, hovering near 87.66/USD. Ongoing U.S. tariffs and strong dollar demand continue to weigh.
Fed Dovishness Eases Systemic Risk
Rate-cut expectations from the Fed and possible RBI intervention have somewhat cushioned the blow, though downward momentum remains intact.
Sector & Stock-Level Performance
IT Faces the Brunt
The IT index is under severe pressure, dragged down by weakening global sentiment amid rate fears and trade uncertainties.
Financial Sector Sinks
Banks and Financials are slipping, reflecting concerns over rising cost of capital and export slowdown impacting lending portfolios.
Small / Mid-Cap Weakness
These segments are feeling the strain most acutely, with capital flight triggering broader sell-offs.
FMCG Emerges Defensive Anchor
In contrast, the FMCG sector has gained modestly, led by staples like Britannia, offering refuge amid defensive buying.
Broader Market Recap
This week marks one of the worst market stretches in recent memory, with benchmarks logging their sharpest declines in months.
Technical Outlook & Key Levels
| Index | Support | Resistance | Trend Summary |
|---|---|---|---|
| Nifty | 24,500 – 24,600 | 24,700 – 24,750 | Bearish drift; hold below resistance to prevent fresh drop |
| Bank Nifty | 53,800 – 54,000 | 54,400 – 54,500 | Pressed but not yet broken critical for financial stability |
| Finnifty | 25,650 – 25,700 | 25,800 – 26,000 | Weakness across NBFCs support breach may accelerate decline |
| Sensex | 80,000 – 80,300 | 80,800 – 81,000 | Holding within range; broader trend remains fragile |
Intraday Setup: Sellers should track lower opens near 24,650–24,700 on Nifty as potential short entries, with tight stops above this zone. Scalping trades near Bank Nifty’s support zone may offer opportunities.
Strategic Summary
Markets are reacting tepidly to the latest U.S. tariff measures, compounding anxiety from FII heat and currency stress. Defensive sectors like FMCG have buffered losses, but IT, Financials, and mid/small caps lead declines. Watch for price action around 24,500–24,700 (Nifty) and 53,800–55,000 (Bank Nifty) to gauge the next direction.
Let me know if you’d like annotated charts, stock-specific scans, or a building risk radar ahead of Powell’s next speech.
📌 For more real-time updates, trade setups, and investment insights — follow us on [Telegram] and [WhatsApp Channel] subscribe to our newsletter!
📌 Disclaimer
The content provided on CapitalKeeper.in is for informational and educational purposes only and does not constitute investment, trading, or financial advice. While we strive to present accurate and up-to-date market data and analysis, we make no warranties or representations regarding the completeness, reliability, or accuracy of the information.
Stock market investments are subject to market risks, and readers/investors are advised to conduct their own due diligence or consult a SEBI-registered financial advisor before making any investment decisions. CapitalKeeper and its authors are not liable for any loss or damage, direct or indirect, arising from the use of this information.
All views and opinions expressed are personal and do not reflect the official policy or position of any agency or organization. Past performance is not indicative of future results.
By using this website, you agree to the terms of this disclaimer.
Ranjit Sahoo
Founder & Chief Editor – CapitalKeeper.in
Ranjit Sahoo is the visionary behind CapitalKeeper.in, a leading platform for real-time market insights, technical analysis, and investment strategies. With a strong focus on Nifty, Bank Nifty, sector trends, and commodities, she delivers in-depth research that helps traders and investors make informed decisions.
Passionate about financial literacy, Ranjit blends technical precision with market storytelling, ensuring even complex concepts are accessible to readers of all levels. Her work covers pre-market analysis, intraday strategies, thematic investing, and long-term portfolio trends.
When he’s not decoding charts, Ranjit enjoys exploring coastal getaways and keeping an eye on emerging business themes.
📌 Follow Ranjit on:
LinkedIn | Twitter/X | Instagram | ✉️ contact@capitalkeeper.in
Leave a Reply