SENSEX, NIFTY off day's lows; IndiGo, JP Power, HDFC Bank among buzzing stocks

Shares of the country's largest airline operator, IndiGo, fell as much as 5.52% after 3.13% equity worth ₹,7,085 crore changed hands at an average price of ₹5,830 per share via block deals. The Indian equity benchmarks came off intraday lows in noon deals on the back of buying in heavyweights like Larsen & Toubro, Titan, Asian Paints, Eternal and Maruti Suzuki. However, losses in Infosys, HDFC Bank, ICICI Bank and Tata Consultancy Services exerted pressure on SENSEX and NIFTY. Earlier in the day, the SENSEX fell nearly 700 points and NIFTY50 touched an intraday low of 24,507. As of 12:25 pm, the SENSEX was down 475 points at 80,310 and NIFTY50 index declined 120 points to 24,593. The investor sentiment has turned bearish after higher tariffs imposed by the United States came into effect from Wednesday. Here are buzzing stocks in Thursday's session: InterGlobe Aviation: Shares of the country's largest airline operator, IndiGo, fell as much as 5.52% after 3.13% equity worth ₹,7,085 crore changed hands at an average price of ₹5,830 per share via block deals. Reports suggest that its promoter Rakesh Gangwal and his family trust were likely to divest up to a 3.1% stake for ₹7,027.7 crore in the company today. Gangwal, the co-founder of IndiGo, has been selling his equity in a phased manner, following a bitter fallout with co-founder Rahul Bhatia. Apart from Rakesh Gangwal, the Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware, will be collectively divesting up to a 3.1% holding in IndiGo, the country's largest carrier, PTI had reported. Jaiprakash Power Ventures: Shares of power generation company, Jaiprakash Power Ventures, rose by its daily maximum limit of 5% to hit an intraday high of ₹18.96 on the BSE. On the National Stock Exchange, Jaiprakash Power Ventures shares were locked in 5% upper circuit at ₹18.95. The sharp jump in Jaiprakash Power Ventures shares came after the company on Wednesday, August 27, informed exchanges that it is exploring a proposal to set up a solar PV power plant of approximately 50-megawatt capacity. "The Board of Directors in its meeting held today i.e. 27th August, 2025, has considered the proposal to explore the options for setting up of Solar PV Power Plant of approx. 50 MW capacity at the Company's existing Thermal Power Project site situated at Bina, Madhya Pradesh," Jaiprakash Power Ventures said in a stock exchange filing. The project will entail investment or ₹300 crore and requisite approvals from authorities and its lenders, Jaiprakash Power Ventures added. ACME Solar Holdings: Shares of ACME Solar Holdings were trading 1.82% higher at ₹290.75 apiece on the BSE in the noon deals on Thursday, August 28. The company's board on Wednesday approved a proposal to raise ₹3,000 crore in multiple tranches. At its meeting, the company's board also approved the reappointment of Shashi Shekhar as vice-chairman and whole-time director on the recommendation of its nomination and remuneration committee for a period of one year from the completion of his present term, i.e., with effect from April 9, 2026. The board cleared the proposal of "raising of funds for an aggregate amount not exceeding ₹3,000 crore in one or more tranches, through issuance of equity shares or any other equity-linked instruments or securities, through permissible modes, including but not limited to, qualified institutional placement (QIP), further public offer (FPO), private placement and/or combination thereof, as may be considered appropriate under applicable laws, subject to such regulatory/statutory approvals." Textile, leather, gems and jewellery shares: Textile, leather, gems and jewellery stocks declined on Thursday morning trade as the steep 50% tariff on Indian goods entering the United States came into effect. Shares of Alok Industries tanked 4.13%, Raymond Lifestyle fell by 3.66%, Siyaram Silk Mills dropped 2.92%, Welspun Living declined 2.53%, Gokaldas Exports went lower by 2.35% and Trident Ltd dipped 2.16% on the BSE. Among leather and footwear stocks, Zenith Exports tumbled 4.33%, Relaxo Footwears dropped 2.34%, Superhouse Ltd slipped 1% and Khadim India dipped 0.77%. The steep 50% tariff on Indian goods entering the United States, which came into effect from August 27, would impact exports worth more than $48 billion. The sectors which would bear the brunt of the high import duties imposed by the Trump administration include textiles/clothing, gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical machinery. HDFC Bank: Shares of HDFC Bank fell as much as 1.89% to an intra-day low of ₹955 apiece on the National Stock Exchange (NSE) during the early trading session on Thursday, August 28. This comes on the back of an The Economic Times report that 15.6 lakh shares of the country’s largest private lender changed hands in a large block deal. On Tuesday, the private sector bank’s stocks were trading ex-bonus on both the NSE and BSE. In mid-July, the bank had announced a 1:1 bonus issue, which means shareholders would be eligible for one equity share for every one share held by them, marking HDFC Bank’s first-ever bonus share issue. Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions. (With PTI inputs)