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Stock Market LIVE: Nifty Holds 24,550; Godfrey Philips, Granules Surge 6%

  • By admin
  • August 29, 2025
  • 6 Views

📉 Sensex Today | Stock Market LIVE Updates – August 29 Highlights

  • 🔄 Markets Turn Volatile:
    • Nifty swings between gains and losses, now trading flat above 24,500
    • Sensex hovers just below the 80,200 mark
  • 🚗 Auto Sector Under Pressure:
    • Nifty Auto index drops over 1% (≈300 points)
    • Mahindra & Mahindra slips 3%
  • 📉 Broader Market Weakness:
    • Nifty Midcap down ~0.50%
    • Nifty Smallcap also in the red
  • 📊 Recent Market Trend:
    • Nifty has declined ~600 points over the past 4 sessions
  • 🏦 Banking Sector Shows Strength:
    • Nifty Bank index up 0.30%, hinting at early signs of recovery
  • 📈 Technical Watch:
    • Nifty nearing a critical support zone around 24,512
    • This level marks the 78.6% Fibonacci retracement of the recent rally from 24,337 to 25,153
  • 🏢 All Eyes on Reliance AGM:
    • Reliance Industries stock saw a sharp recovery on Thursday
    • AGM scheduled for 2 PM today is expected to drive further market moves

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