Nifty 50 Daily Wrap — 31 Aug 2026: Drops 0.39%
MarketPulse Summary: Nifty 50 dropped 95.25 points to close at 24,080.40 . 20 advances vs 30 declines.
📊 Key Numbers
📈 Sectors
| Sector | Change |
|---|---|
| Pvt Bank | +0.97% |
| Banking | +0.92% |
| Healthcare | +0.85% |
| Pharma | +0.72% |
| PSU Bank | +0.06% |
| Financial Services | +0.03% |
| Auto | -0.04% |
🚀 Gainers
| Stock | LTP | % |
|---|---|---|
| SUNPHARMA | ₹1,984.80 | +3.37% |
| NESTLEIND | ₹1,496.50 | +2.88% |
| AXISBANK | ₹1,300.00 | +2.77% |
| MAXHEALTH | ₹1,042.10 | +2.76% |
| GRASIM | ₹3,371.00 | +2.46% |
📉 Losers
| Stock | LTP | % |
|---|---|---|
| ADANIENT | ₹2,859.10 | -9.76% |
| ADANIPORTS | ₹1,593.10 | -6.70% |
| ITC | ₹255.50 | -3.95% |
| BHARTIARTL | ₹1,811.90 | -3.75% |
| TMPV | ₹308.85 | -3.30% |
📝 Wrap
Market Summary — 31 Aug 2026
The mood turned cautious as NIFTY 50 slipped 95 points to close at 24,080, with decliners outpacing gainers 30 to 20. The index couldn't hold early gains despite banking support, signalling some profit-booking ahead of monthly expiry.
Adani twins crashed — Adani Enterprises nosedived ₹309 (-9.76%) and Adani Ports sank ₹114 (-6.7%), together wiping out over ₹5,100 Cr in traded value. This dragged sentiment across the broader market. Bharti Airtel also cracked ₹70 (-3.75%) on tariff hike worries, while ITC fell 4% on volume concerns.
On the brighter side, private banks shielded the index — Axis Bank jumped ₹35 (+2.77%) to ₹1,300, and the sector gained nearly 1%. Sun Pharma led gainers with a ₹65 rally (+3.37%) on strong US generics traction, while Nestlé rose 2.9% on defensive buying.
Sector rotation is visible: money is fleeing high-beta Adani group and telecom, flowing into defensives like pharma, FMCG, and private banks. PSU banks barely held green. Media was the worst hit, down 2.84%.
Data from NSE, 3:30 PM IST. Not investment advice.