Overview

• Early trade on Aug 22 turned soft, with the Sensex down about 287 points at one stage and the Nifty hovering near 25,000 after briefly slipping below the mark.
• Overnight cues were cautious as traders awaited policy signals from Jackson Hole, with GIFT Nifty down roughly 67 points pointing to a weaker open.
• The prior session marked a sixth straight gain, with Sensex closing at 82,000.71 and Nifty at 25,083.75, helped by optimism after a GoM backed moving GST to two slabs of 5% and 18%, boosting banks and pharma even as breadth stayed narrow.
• Regulatory headlines added pressure after SEBI’s chair said longer-tenure equity derivatives may be explored, sending BSE shares nearly 7% lower intraday on Thursday.
• Analysts flagged resistance for Nifty near 25,250 with supports around 24,950–25,000, as mixed flows persisted with FIIs selling and DIIs buying in the previous session.