Indian equity benchmark Nifty ended the session in red terrain on Monday amid escalating tensions in West Asia after the United States launched an attack on an Iranian island in the Strait of Hormuz. After a negative start, the index remained lower throughout the day, as persistent foreign fund outflows, coupled with renewed concerns over a potential interest rate hike by the US Federal Reserve, further dented investor sentiment. Foreign institutional investors (FIIs) sold Indian equities worth Rs 5,039.80 crore on August 28. Traders were also worried as India’s industrial growth fell to 6.7 percent in the month of July 2026 from a revised growth of 8.8 percent in June 2026 amid contraction in mining activity and slowdown in manufacturing growth.
Most of the sectorial indices ended in red led by Media, Metal, and FMCG stocks. The top gainers from the F&O segment were Ather Energy, The Indian Hotels Company and Aurobindo Pharma. On the other hand, the top losers were Adani Energy Solutions, Adani Enterprises and Adani Green Energy. In the index option segment, maximum OI continues to be seen in the 24900 - 25100 calls and 23900 - 24100 puts indicating this is the trading range expectation.
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