Overview

• Indian equities opened sharply lower on Aug. 22, with the Sensex down more than 400 points in early trade and the Nifty dropping under 25,000 as banks, IT and consumer names retreated.
• The pullback followed a sixth straight up day on Aug. 21 when the Sensex closed up about 143 points and the Nifty finished above 25,000, helped by GST reform signals and an S&P rating upgrade.
• Nazara Technologies fell for a third session as investors assessed the Online Gaming Bill 2025, leaving the stock down about 19% over three days and its market value near ₹10,740 crore.
• PC Jeweller advanced after reporting Q1 FY26 revenue of about ₹725 crore and net profit of roughly ₹164 crore, alongside continued debt reduction that management says is aimed at becoming debt-free in FY26.
• Stock-specific action stayed active, with Prime Focus extending recent gains following a preferential allotment that included investor Ranbir Kapoor, and brokerages flagging retail plays such as Trent and D‑Mart with fresh targets.