BSE, CDSL, HDFC AMC Among Losers as Rupee Hits 87.78; Nifty Capital Markets Down 2.7%

26 August 2025: The Nifty Capital Markets Index fell 2.69% (118.35 points) and closed at 4280.00 on Tuesday. Nifty50, the benchmark index, closed at 24,712.05 (down by 1.02%). A majority of the constituents witnessed selling pressure, and the overall market volatility also increased by 4% (India VIX rising to 12.20), showing a cautious market sentiment.

Stock-Wise Declines

Several financial sector stocks faced notable declines in today’s trading session, with Angel One leading the fall, slipping 4.52% to ₹2,336.20. KFin Technologies dropped 4.85% to ₹1,055.80, while MCX shed 3.53% to ₹7,720.50. Among exchanges, BSE fell 3.29% to ₹2,215.50, and CDSL slipped 3.32% to ₹1,490.70.

In the asset management space, selling pressure was visible across the board. CAMS fell 2.98%, HDFC AMC lost 2.10%, and Nuvama Wealth dropped 2.18%. NAM India declined 2.21% to ₹824.85, while Aditya Birla Sun Life AMC registered the sharpest fall, down 3.44% to ₹844.50.

Broking and wealth management counters also came under pressure. Motilal Oswal Financial Services slipped 1.57% to ₹911.15, Anand Rathi Wealth fell 1.38% to ₹2,765, and UTI AMC edged lower by 0.76% to ₹1,337.20. 360 One WAM proved relatively resilient, easing just 0.08% to ₹1,091.80, while IEX dropped 1.37% to ₹141.90.

Broader Market Context

Various external and internal factors primarily contributed to the decline in capital market stocks. Sentiment among investors turned cautious/negative as the due date of proposed additional 25% US tariffs approached with no respite in view (to be implemented on August 27). Overall, major Asian markets struggled with trends, adding pressure on the equities.

Moreover, the FPI selling pressure was very high as global investors remained guarded. This was further worsened by weakness in currency as the rupee dipped to 87.78 against the US dollar, increasing volatility and leaving doubts on the short-term market stability.

Regulatory Backdrop

Last week, the market regulator raised concerns regarding the tenure and maturity structure of equity derivatives, indicating that a consultation paper will be released following discussions with stakeholders. This development has injected caution into trading activity across market intermediaries, weighing on investor sentiment in segments such as exchanges, brokers, and clearing services.

Outlook

In the near term, investors should remain cautious as volatility, FPI outflows, and regulatory overhang are likely to persist. Capital market–linked stocks may continue to face pressure; however, seasoned investors could view this phase as an opportunity to accumulate quality financial sector stocks at more attractive valuations.

REF: https://www.nseindia.com/market-data/live-equity-market?symbol=NIFTY CAPITAL MARKETS

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