The Indian stock market faced significant selling pressure, with the Nifty defending the 24,500 mark but closing the August series with a 500-point loss. The banking sector was the hardest hit, with the Nifty Bank falling below 54,000 for the first time since May.
Stock MarketNiftyBanking SectorReal EstateMarket VolatilityReal Estate NewsAug 28, 2025
The decline in the Indian stock market in August was primarily due to the 50% tariff levy on US exports, which took effect on Wednesday, and broader concerns about the global economic landscape.
The banking sector, represented by the Nifty Bank index, was the hardest hit, falling below the 54,000 mark for the first time since May 9, and losing nearly 2,000 points over the last four sessions.
The Nifty IT and Nifty Realty sectors led the losses, falling 1.6% and 1.5% respectively. Other major sectoral losers included PSU Banks, FMCG, and Pharma.
Despite the broad-based sell-off, some stocks like Vardhman Textiles and Ola Electric managed to buck the trend, ending the day 13% and 9% higher respectively.
The market decline has had a significant impact on investor wealth, with over ₹10 lakh crore in value being wiped out over the last two sessions.
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