SENSEX, NIFTY50 edge lower; HDFC Bank top loser on report of alleged mis-selling

The Indian equity benchmarks erased early gains and edged lower on Thursday, August 27, ahead of monthly expiry of SENSEX futures and option contracts.

As of 9:28 am, the SENSEX was slipped 61 points to 77,412 and NIFTY50 index declined 4 points to 24,204.

However, the downside was capped because of buying in ICICI Bank, Bajaj Finance, Reliance Industries, Kotak Mahindra Bank and Eternal.

Asian markets were trading on a mixed note. South Korea's KOSPI surged nearly 2% after chip giant, NVIDIA's revenue more than doubled in second quarter, igniting a rally in AI related shares. Japan's Nikkei was trading on a flat note while China's Shanghai Composite advanced 0.07% and Hong Kong's Hang Seng declined 0.42%.

Back home, seven of 15 major sector gauges compiled by the National Stock Exchange (NSE) were trading lower led by the NIFTY Auto index's 0.45% fall. NIFTY FMCG, IT, Bank, Media, PSU Bank, and Oil & Gas indices were trading on a flat note with a negative bias.

On the other hand, consumer durables, realty, pharma, metal and healthcare shares were witnessing buying interest.

Broader markets were outperforming their larger peers as NIFTY Midcap 100 and NIFTY Smallcap 100 indices rose 0.22% each.

Among the individual shares, Bombay Burmah Trading Corporation surged as much as 13.38% to hit an intraday high of ₹1,616 after the Supreme Court recalled observations from a May 29, 2026 order that cited a potential lease rent liability of ₹4,655.24 crore for Bombay Burmah Trading Corporation.

HDFC Bank was among top losers in the NIFTY50 index, the stock fell as much as 1.4% to hit an intraday low of ₹717 on allegations of mis-selling.

Shriram Finance, HCL Technologies, InterGlobe Aviation, Hindalco, Power Grid, Tata Consultancy Services, NTPC and Bajaj Auto also fell between 0.7% and 2%.

On the flip side, Kotak Mahindra Bank, Adani Enterprises, Bharat Electronics, Tech Mahindra, Tata Motors PV, Bajaj Finance, ICICI Bank, SBI Life and Sun Pharma were top gainers in the NIFTY50 index.

The overall market breadth was negative as 1,668 shares were declining while 1,349 were advancing on the NSE.