Sensex and Nifty Extend Losing Streak for Third Day as Tariffs, FII Outflows Weigh on Markets

Aug 29, 2025 – The overall Indian stock market, with its major indices such as Sensex and Nifty, ended on a lower note today. This marked the third straight day of decline for both indices. The market saw a sell-off owing to negative investor sentiments as a result of the US imposing 50% tariffs on the import of Indian goods. The move is expected to negatively hit labour-intensive sectors such as footwear, textiles, and leather the most in the coming months.

At the end of today’s market session, the BSE Sensex closed 270.92 points or 0.34% lower at 79,809.65, after falling as much as 338.81 points during intraday trade. The NSE Nifty also closed 74.05 points or 0.30% lower at 24,426.85.

Over the past three sessions, the Sensex has fallen by 1,826.26 points (2.23%), while the Nifty has fallen by 540.9 points (2.16%).

Top Gainers and Losers

Within the Sensex, Mahindra and Mahindra led the loss, slipping 2.96%. It was followed by Reliance Industries, which fell 2.21%. Other major losers in the Sensex were Infosys, NTPC, Tata Motors, and Tech Mahindra.

On the other hand, ITC, Bharat Electronics, Trent, and Larsen & Toubro closed in the green and provided some cushion to the index.

Broader Market Trends

In the Asian Markets, South Korea’s Kospi and Japan’s Nikkei 225 ended lower, while Shanghai Composite and Hong Kong’s Hang Seng closed higher. European markets were also trading lower at the time of the Indian market closing.

Institutional Activity

Foreign Institutional Investors (FIIs) were net sellers and sold Indian equities worth ₹3,856.51 crore on Thursday, while Domestic Institutional Investors (DIIs) were net buyers with purchases worth ₹6,920.34 crore.

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