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Below the Quote on Post market comment 26th August  2025 by Amruta Shinde, Research Analyst, Choice Broking

"Indian equity markets ended sharply lower on August 26, 2025. At close, the Sensex declined 849.37 points, or 1.04%, to settle at 80,786.54, while the Nifty fell 255.70 points, or 1.02%, to end at 24,712.05. The broader markets underperformed, with the BSE Midcap index slipping 1.3% and the Smallcap index falling 1.7%.

The Nifty opened on a weak note and extended losses through the day, forming a strong bearish candle on the daily chart, signaling sustained selling pressure. Technically, a decisive move above 24,850 could open the way for an upside toward 25,000 and 25,150. On the downside, immediate support is seen at 24,670, followed by 24,500, both of which are likely to be attractive levels for fresh long positions. Sectorally, barring FMCG, all indices ended in the red, with PSU Banks, Metals, Pharma, Oil & Gas, Consumer Durables, Realty, and Telecom losing between 1–2%.

Bank Nifty also closed in the red for the fourth consecutive session. The index opened weak and slipped below the crucial 55,000 mark, reflecting continued bearish momentum. Key support levels are placed at 54,054 and 53,550, while resistance lies in the 54,500–54,700 zone. A decisive breakout above this resistance range could trigger a rebound toward the psychological 55,000 mark.

Meanwhile, the India VIX, a key measure of market volatility, surged 3.7% to 12.19, indicating increased uncertainty and weaker investor sentiment. In the derivatives segment, the highest Call Open Interest was observed at the 24,800 strike, while the highest Put Open Interest was concentrated at the 24,500 strike. This setup suggests that resistance remains firm near 24,800, and a sustained close above this level will be crucial to revive bullish momentum."

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