Monthly Review & September Outlook

August turned out to be a roller-coaster month for the Indian stock market.

- Teji Mandi

On one side, aggressive tariffs imposed by the US triggered fear and uncertainty, sparking sharp declines and heavy selling by FIIs. On the other hand, India's domestic economy showed resilience, inflation remained steady, GDP growth projections stayed intact, and DIIs provided strong support. While tariffs hit investor sentiment hard, the strength of the domestic economy helped prevent a deeper fall. As of August 29, the Nifty slipped 1.03% and the Sensex fell 1.34%. On August 26, just a day before the deadline, Nifty dropped 255.70 points to close at 24,712.05, while Sensex fell 849.37 points to settle at 80,786.54.