Market Outlook 29 August- 10 powerful Insight & Stocks to Watch Today

Table of Contents

Market Outlook 29 August – Pre-Market Setup

Indian equities closed Thursday on a weak note, with broad-based selling across large-cap, banking, and IT counters. The Nifty 50 slipped 192 points (0.78%) to end at 24,519, while the Sensex shed 577 points (0.71%), settling at 80,209. Bank Nifty also declined nearly 1%, closing at 53,921, signaling caution in financials.

The pain was sharper in technology stocks, with the Nifty IT index tumbling 1.53%, reflecting persistent pressure from global macro cues. Smallcaps too were not spared, as the S&P BSE SmallCap dropped 0.99%, hinting at profit booking after weeks of resilience.

As we head into Friday’s session, sentiment remains cautious with global markets, crude, and foreign flows in focus. Investors will keenly watch whether Nifty can hold above the 24,500 zone or if selling extends further into the monthly expiry week.

Index Overview – Market Outlook 29 August

According to EquityPandit Analysis, major Indian indices continue to remain under pressure as weakness extends into expiry week. The trend remains negative across benchmarks, with clear stop-loss levels to watch for traders.

Sensex (80,081): The index is in a negative trend. Traders holding short positions can continue to hold with a stop-loss at 81,064 on a closing basis. Fresh long positions will only be considered if the index closes above this level.

Support: 79,804 – 79,527 – 79,041
Resistance: 80,567 – 81,052 – 81,329
Tentative Range: 80,751 – 79,409

Nifty (24,501): The benchmark also remains in a negative trend. Shorts can be held with a stop-loss at 24,797. A reversal signal comes only on a close above this level.

Support: 24,421 – 24,341 – 24,200
Resistance: 24,642 – 24,783 – 24,863
Tentative Range: 24,706 – 24,295

Bank Nifty (53,820): Financials remain weak, with the index sustaining a negative trend. Short positions can be maintained with a stop-loss at 54,593, while fresh longs require a close above that level.

Support: 53,598 – 53,377 – 52,985
Resistance: 54,212 – 54,604 – 54,826
Tentative Range: 54,337 – 53,303

Overall, the Market Outlook 29 August indicates cautious sentiment, with traders advised to stick with trend-following strategies until a decisive breakout is seen.

News & Stocks in Focus – Market Outlook 29 August

Today’s session may see selective stock and sector action as multiple industry updates and policy developments come into play. Here are the key highlights:

🚜 Edible Oil Sector – SEA pushes to lift DORB export ban

The Solvent Extractors’ Association of India (SEA) has urged the government to lift the ban on De-Oiled Rice Bran (DORB) exports, currently in place till September 2025. The association argues that the ban has hurt processors, rice mills, and farmer incomes while reducing India’s export competitiveness.

Stock Impact: Edible oil and agri-processing companies like Adani Wilmar, Godrej Agrovet, and rice millers could react positively if the government considers easing restrictions.

🏥 Healthcare – AHPI likely to roll back advisory against Bajaj Allianz

The Association of Healthcare Providers (India) may withdraw its earlier advisory that recommended stopping cashless services for Bajaj Allianz policyholders. Talks between major hospitals and the insurer have helped ease tensions around reimbursement rates and settlements.

Stock Impact: Hospital stocks like Apollo Hospitals, Fortis Healthcare, Narayana Hrudayalaya, and insurance firms including Bajaj Finserv (parent of Bajaj Allianz) could be in focus.

💎 Jewellery & Gems – U.S. tariffs hit diamond polishers

The U.S. has imposed a 50% tariff on natural diamond imports from India, potentially reducing India’s polished diamond revenues by nearly 30% this fiscal, per CRISIL. With demand already subdued and lab-grown diamonds capturing ~60% market share in the U.S., margins for polishers are expected to shrink further.

Stock Impact: Listed jewellery exporters such as Rajesh Exports, Kalyan Jewellers, PC Jeweller may feel pressure, while the broader gems & jewellery sector faces headwinds.

📊 Exchanges – BSE to introduce pre-open session in derivatives

From December 8, 2025, BSE Ltd. will launch a pre-open session for index and stock futures in the equity derivatives segment. The move aims to enhance price discovery and liquidity.

Stock Impact: BSE Ltd. stock could see positive sentiment, while MCX and other market infrastructure players may also be watched.

🏭 Adani-Wilmar Deal – Wilmar to acquire 20% stake in AWL Agri Business

Wilmar International, via its subsidiary, has sought approval to acquire up to 20% stake in AWL Agri Business from the Adani Group, worth ~₹7,150 crore. This move will make Wilmar the majority owner, as Adani exits its FMCG venture to focus on infrastructure.

Stock Impact: Adani Enterprises and Adani Wilmar could see movements on deal-related updates.

💳 Fintech – Zaggle inks 5-year referral deal with Standard Chartered

Zaggle Prepaid Ocean Services Ltd has signed a five-year referral agreement with Standard Chartered Bank. The deal enables Zaggle to tap into the bank’s corporate client base for its prepaid payment platforms and employee engagement solutions.

Stock Impact: Zaggle could benefit from growth visibility in enterprise payments, potentially boosting investor sentiment in the fintech space.

🪖 Defence – HFCL subsidiary wins ₹101.8 crore Indian Army order

HFCL’s subsidiary, HTL Limited, has secured an order worth ₹101.82 crore from the Indian Army for tactical optical fiber cables. While the order strengthens HFCL’s defence pipeline, its stock saw selling pressure amid weak Q1 earnings and profitability challenges.

Stock Impact: HFCL remains in focus as defence orders add visibility, but investors may weigh it against weak financial performance.

Overall, the Market Outlook 29 August suggests cautious index trends but stock-specific action could be driven by policy moves, sector deals, and corporate announcements.

Likely Outperformers Today

Sector	Trigger / News Driver	Stocks to Watch
Edible Oil / Agri	SEA urges govt. to lift DORB export ban	Adani Wilmar, Godrej Agrovet
Healthcare / Insurance	AHPI may roll back advisory against Bajaj Allianz	Apollo Hospitals, Fortis Healthcare, Bajaj Finserv
Exchanges	BSE to launch pre-open session in derivatives	BSE Ltd, MCX
FMCG / Agri Business	Wilmar acquiring stake in AWL Agri Business	Adani Wilmar, Adani Enterprises
Fintech	Zaggle signs 5-year deal with Standard Chartered	Zaggle
Defence / Telecom Infra	HFCL unit wins ₹101.8 Cr Indian Army order	HFCL

IPO Update – Market Outlook 29 August

Mainboard IPOs

IPO Name	Open	Close	Listing	GMP (Est. Gain)
Amanta Healthcare	1-Sep	3-Sep	9-Sep	₹22 (17.46%)
Vikran Engineering	26-Aug	29-Aug	3-Sep	₹9 (9.28%)
Anlon Healthcare	26-Aug	29-Aug	3-Sep	₹8 (8.79%)

SME IPOs

IPO Name	Open	Close	Listing	GMP (Est. Gain)
Oval Projects Engineering	28-Aug	1-Sep	4-Sep	₹4 (4.71%)
Sattva Engineering	26-Aug	29-Aug	3-Sep	₹19 (25.33%)
Current Infraprojects	26-Aug	29-Aug	3-Sep	₹45 (56.25%)

🌟 IPO Highlight of the Day:
Current Infraprojects IPO (SME) is leading the buzz with a GMP of ₹45 (56% premium) and strong oversubscription. Among all active IPOs, this one is drawing maximum investor attention ahead of its listing.

Stock in Radar – Market Outlook 29 August

Coforge Ltd. (CMP: ₹1,739 | Target: ₹2,240 | Upside: +29%)

Research by Motilal Oswal

Coforge is firmly in the spotlight as analysts reaffirm a BUY rating with a 29% upside potential. The company continues to gain traction in large deal signings, cross-selling opportunities, and sector diversification.

Growth Outlook: Management aims to close at least 20 deals above USD 20m in FY26 (five already done). Its proactive proposals enjoy a 40–45% win rate, higher than typical RFP-led deals.
Margins & Cash Flows: EBIT margin guidance stands at ~14% for FY26, with management confident about sustaining this while improving cash conversion in the coming quarters.
Sector Advantage: Travel vertical now contributes ~23% of revenue, boosted by the Sabre deal, opening further opportunities in global airline partnerships.
Valuation: At 38x FY27E EPS, Coforge is valued at a TP of ₹2,240, supported by strong earnings visibility and robust order book.

Why it’s on the radar: Despite near-term challenges in cash flow conversion, Coforge’s strong deal pipeline, cross-selling with Cigniti, and inorganic growth potential make it one of the most compelling picks in the IT space right now.

📊 Analyst Verdict: BUY – Long-term investors could benefit from the structural growth story and upcoming large deals.

Conclusion – Market Outlook 29 August

The broader sentiment remains cautious as Nifty, Sensex, and Bank Nifty continue to hover in a negative trend with critical support and resistance levels in play. IPO activity, however, is buzzing with strong listings expected in both mainboard and SME segments, while select stocks like Coforge stand out as long-term opportunities.

As we step into Friday’s trade, market participants should stay watchful of global cues, FII/DII flows, and upcoming macroeconomic data. A mix of short-term caution and long-term stock-specific opportunities is likely to define today’s action.

Stay disciplined, stay informed—and let’s see how the day unfolds. 🚀

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