Closing Bell 26th August: Nifty 50 down by 0.52% & Sensex by 0.24%
US sanctions on India-based companies over Iran's petroleum trade rattled markets on August 26, Nifty fell 0.52% and IT led the decline. Full recap here.
Team Dhan
|Aug 26, 2026, 04:09 PM
On Wednesday, the Indian equity market ended the day with negative sentiment, with the Nifty 50 opening at 24,341.95 reaching a high of 24,378.60, and closing at 24,207.75, down by 0.52%. Similarly, the BSE Sensex opened at 77,892.10, reached a high of 77,986.84 and ended at 77,472.94, down by 0.24%.
The Indian markets traded lower with cautious sentiment amid reports that the U.S sanctioned four India-based companies and three Indian nationals for their alleged involvement in Iran's petroleum and petrochemical trade under Washington's newly launched "Operation Economic Outcast".
Reasons for the negative sentiment
The following are the reasons for the negative sentiment in the stock market:
- Profit booking after the recent rally.
- Selling pressure in IT and consumer durable shares.
- U.S futures declined ahead of Nvidia results.
Major Indices Today
- The benchmark indices, Nifty 50 and Sensex, traded lower, amid losses in Bharti AirteI, Reliance Industries, Infosys, and Larsen and Toubro.
- Nifty Next 50 traded in the red amid losses in Varun Beverages, Avenue Supermarts DMart, Cummins, and Tata Power.
- Nifty Bank traded higher led by gains in PSU Banks.
Sectoral Indices Today
- Nifty IT traded lower with all constituents, except Oracle Financial Services, trading in the red amid selling pressure.
- Nifty Auto traded in the red amid profit booking after the recent rally.
- Nifty FMCG traded lower as the FMCG companies faced a decline in volumes amid weak monsoon, Middle East crisis and rising inflationary pressures.
- Nifty Pharma traded in the green after the pharma company’s Contract Research, Development, and Manufacturing Organisation (CRDMO) rose to 19% YoY in Q1FY27 versus just 9% YoY in the March 2026 quarter, marking the highest growth level since the December 2024 quarter.
- Nifty Oil & Gas traded lower, dragged by losses in Reliance Industries shares.
Market Movers Today
- Advait Energy Transitions shares rose 4% after receiving a turnkey contract from Madhya Pradesh Power Transmission Co. (MPPTCL) for designing, manufacturing and supplying of an Emergency Restoration System (ERS) suitable for 400kV, 220kV and 132kV voltage-class EHV lines, complete with all accessories.
- Hindustan Copper shares rose more than 2% after the government decided to exercise the oversubscription option to the extent of 2.90 crore equity shares, representing 3% of the total paid-up equity, along with the 2.9 crore shares forming part of the base offer size.
- Sai Parenterals share price rose by 3% after its Australian subsidiary, Noumed Pharmaceuticals, renewed its OTC Medicines Supply Agreement with one of Australia’s leading multi-billion-dollar pharmacy chains, which carries an expanded product portfolio, a longer agreement tenure and a higher agreement value and is projected to be worth AUD 30 million over a three-year term, effective immediately.
- Rainbow Children shares dropped by 2% after the CFO, Vikas Maheshwari, resigned from the position, effective August 31, 2026, due to personal reasons.
Top Gainers
Top Losers
52W High Stocks
52W Low Stocks
High Volume Stocks Today
IPO
- Annu Projects IPO is open and will close on 28th August 2026. The price band set for the IPO is from ₹94 to ₹99 per equity share.
- Sumax Engineering IPO is open and will close on 28th August 2026. The price band set for the IPO is from ₹95 to ₹101 per equity share.
- Hy-Tech Engineers IPO is open and will close on 27th August 2026. The price band set for the IPO is from ₹50 to ₹53 per equity share.
- Skyways Air Services IPO is open and will close on 27th August 2026. The price band set for the IPO is from ₹131 to ₹138 per equity share.
- Symbiotec Pharmalab IPO is open and will close on 27th August 2026. The price band set for the IPO is from ₹938 to ₹988 per equity share.
Allotted today
- Augmont Enterprises IPO shares allotted today. Investors can check their allotment status on the BSE and NSE websites.
Listed today
- Gaja Alternative Asset Management shares listed today at ₹185 per share on the NSE, at a premium of 15.63% and on the BSE at ₹185.20, at a premium of 15.75%. The price band set for the IPO was from ₹152 to ₹160 per equity share.
Market Announcements
- DCB Bank shares rose by 5.5% after CNBC-TV18 reported that the bank is in talks with private equity firms like Chrys Capital for capital infusion following the bank’s board nod for ₹2,000-crore fund raise, including ₹1,500 crore through equity issuance.
- Hindustan Zinc shares rose by more than 5% after DIPAM Secretary Arunish Chawla said that the government was not looking to sell a stake in the company at the moment, easing concerns over a potential offer for sale (OFS).
