Nifty Breaches Key Support at 24,700 – Neel Parekh Explains the Sell-Off ... 28-Aug-25

Nifty opened weak and slipped below the crucial 24,700–24,500 support zone, pressured by selling across sectors, with Consumer Durables the lone gainer. Heavyweights ICICI Bank, HDFC Bank, Infosys, and TCS dragged the index, with ICICI Bank alone carrying 9.60% weightage in Nifty.Key negatives included persistent FII selling since the July series and President Trump’s move to impose a 50% tariff on Indian imports effective 27th Aug 2025.In this episode, Neel Parekh decodes the weak close, sectoral pain points, and the road ahead for traders.🎧 Listen to this full market wrap and tomorrow’s trade cues now!