After a week-long winning streak, Indian equity markets turned volatile on Friday, August 22. The Sensex fell over 550 points while the Nifty slipped near 24,900, with broad-based selling seen across key sectors. Traders preferred profit-booking ahead of US Fed Chair Jerome Powell\u2019s crucial speech at the Jackson Hole symposium.<\/p>\n
At 10:30 a.m., the Sensex was down 526 points at 81,474.22, while the Nifty dropped 170 points to 24,913.30.<\/p>\n
Almost all major indices traded in the red, barring pharma and consumer durables. Financials and banking stocks slipped up to 1%, while IT shares also corrected nearly 1% after their recent rally. Heavyweights like HDFC Bank, HCL Technologies, Hero MotoCorp, Grasim, and Asian Paints fell up to 2% intraday. On the other hand, Bharat Electronics, Bajaj Finance, Sun Pharma, M&M, and Trent were among the few gainers.<\/p>\n
Also Read: Powell\u2019s Potential Hawkish Stance: A Major Risk for Overvalued Markets<\/a><\/p>\n Profit-booking after a six-day rally led to selling in banks, IT, and metals.<\/p>\n<\/li>\n Caution ahead of Powell\u2019s speech, which is expected to guide the Fed\u2019s policy direction.<\/p>\n<\/li>\n India VIX rose 2%, indicating higher volatility and risk aversion.<\/p>\n<\/li>\n Rupee weakened to 87.36, though FPI inflows cushioned the decline.<\/p>\n<\/li>\n Tariff concerns ahead of the August 27 deadline for 25% US tariffs on Indian goods kept investors nervous.<\/p>\n<\/li>\n Negative comments from US trade adviser Peter Navarro on India\u2019s Russian oil imports also weighed on sentiment.<\/p>\n<\/li>\n<\/ul>\n Experts believe that while the rally has paused, technical indicators do not suggest a sharp collapse. Nifty\u2019s support zone is seen between 25,033\u201324,977, and volatility will remain elevated until clarity emerges from Powell\u2019s commentary and tariff developments.<\/p>\n Click here to explore: Nifty50<\/a> After a week-long winning streak, Indian equity markets turned volatile on Friday, August 22. The Sensex fell over 550 points while the Nifty slipped near 24,900, with broad-based selling seen across key sectors. Traders preferred profit-booking ahead of US Fed Chair Jerome Powell\u2019s crucial speech at the Jackson Hole symposium. At 10:30 a.m., the Sensex […]<\/p>\n","protected":false},"author":7,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1384],"class_list":{"0":"post-13862","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1384,"user_id":7,"is_guest":0,"slug":"jitesh-kanwariya","display_name":"Jitesh Kanwariya","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/13862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=13862"}],"version-history":[{"count":2,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/13862\/revisions"}],"predecessor-version":[{"id":13865,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/13862\/revisions\/13865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/13863"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=13862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=13862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=13862"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=13862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Key Factors Behind the Fall<\/h3>\n
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Market Insights & Update<\/h3>\n
\n<\/i>BSESensex<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"