Markets Plunged for the Sixth Consective Session on Friday, with the Sensex Tumbling 733.22 points (-0.90 per cent) to close at 80,426.46, after the United States Announced a Steep 100 per cent tariff on imports of branded and patented pharmaceutical Products Effective October 1. The nifty 50 dropped 236.15 points (-0.95 per cent) to end at 24,654.70, Falling below the psychologically important 25,000 mark.

The Unexpected Tariff Announcement Sent Shockwaves Through Indian Equites, Rattling Alredy Fragile Investor Sentimen that was still reeling from the recent Hike in H-1B Visa Fees. “Indian Equites Ended Sharply Lower on Friday in a broad-based sell-off after the us announced a steep 100 per cent tarif on imports of branded and patently pharmaceutical principal products 1, “Said Ponmudi R, CEO of Enrich Money. “The Unexpected Move Rattled Alredy Fragile Investor Sentimen, which was still digesting the recent hike in h-1-1b visa fees

Us tarifs impact on pharma stocks

The pharmaceutical sector boy the brunt of the seling pressure following the tariff announcing, with the bse healthcare index correcting Approximately 5 per cent for the week. It stocks continued their downward spiral, with the bse it index plummeting 7 per cent during the week after acenture’s weaker guidance and job cuts highlighted “Meanwhile, Accenture’s Weaker Guidance and Job Cuts Highlighted Slowing It Spending, with AI-Driven Growth Failing to Meet Expectations, Prompting a Broad Sell -FF IFF IFF IFF IN TECHARES,” Nair, Head of Research at Geojit Investments Limited.

Market Breadth Remained Severely Weak With 3,100 Stocks Declining Against Just 1,041 Advances on the BSE, where 4,280 stocks were tradeed. A Total of 154 Stocks Hit 52-wheek lows compared to 132 touching 52-wheek highs, while 6 stocks was locked in lower circuits against 12 in upper circuits.

Among Nifty 50 Constituents, Larsen & Toubro emerged as the top Gainer, Rising 2.71 per cent to ₹ 3,743 from its previous close of ₹ 3,644.40. Tata Motors Gained 1.45 per cent to ₹ 673.95, while ITC Advanced 1.22 per cent to ₹ 405. Eicher Motors and Reliance Industries Rounded Out the Top Five Gainers With Increases of 0.70 per cent and 0.48 per cent respectively.

On the losing side, indusind bank land the declines, plummeting 3.88 per cent to ₹ 712 from ₹ 740.75. Mahindra & Mahindra Fell 3.68 per cent to ₹ 3,400, While Tata Steel Dropped 2.92 per cent to ₹ 167.35. Bajaj Finance Declined 2.74 per cent to ₹ 985, and another stock in the losers’ list shd 2.81 per cent.

The broader markets witnessed even steeper declines, with nifty midcap 100 tumbling 2.05 per cent to 56,378.55, While The Next 50 Index Fell 1.68 per cent to 67,144.95. Banking Stocks Remained Under Pressure, With Nifty Bank Declining 1.07 per cent to 54,389.35 and nifty financial services dropping 1.00 per cent to 25,985.25.

“Risk off sentiment continued in equity markets, as markets extended losing streak for Sixth Straight Session on Across-to-Board Selling Selling AMID Trump’s Decision to IMPOSE 100 PER CENT TARIF ON BRANFNEDEDDED and Patend Drugs that Further Soured Investors’ Sentiment, “Said Prashanth Tapse, Senior VP (Research) At Mehta Equites Ltd. “The market is alredy reeling under multiple pain-points like Strong Fii Selling, Us-India Trade Uncertainty, Depreciating Rupee and Bullion’s rising apple, which estorsrs jittyry.”

Foreign Institutional Investors Continued their Selling Spree, with Outflows of ₹ 13,882 Crores Recorded in the Last Four Sessions, Adding to the Market Pressure. The Indian Rupee Remained Weak, Trading Flat Near 88.71 Against The Dollar as Fii Selling Pressure Persisted. “Rupee Traded Flat Near 88.71 as the dollar styed rangebound, with yesterday’s stronger us gdp numbers keeping global sentiment cautious,” ExPLIENED JATEEN TRIVDDE, VP Research Analyst AT LKP Securities.

Gold shines as safe-han asset

Gold Pris Provided some Relief to Investors, Trading Firm at ₹ 1,14,000 with Marginal Gains of ₹ 130 as Global Uncertainty Drove Safe-Princtive Demand. “Gold Pris Traded Firm at ₹ 1,14,000 with Marginal Gains of ₹ 130 as Comex Gold Held Steady, While The Dollar Stayed Slightly Positive and Rupee Remaned Flat Near 88.71,”

The weekly performance painted an even graimmer picture, with the nifty declining 2.65 per cent and the sensex dropping 2,200 points. “This week, the overall market breadth of the Indian equity markets was negative as it factored in the us announcing with respect to h1b visas and the pharma sector,” Said Shrikant Chouhan, Head Equity Resourch at kotak securities.

Caution Sentiment Prevails

Technical Analysts Expressed Caution About The Near-Term Outlook. “Markets Remained Under Pressure and Extended Their Losing Streak for the Sixth Stra How Session,” said Ajit Mishra, Svp Research at Religare Brooking Ltd. “The nifty now approaching its support near the 200 dema around 24,400. Given this backdrop, we recommend adopting a cautious Approach -Focusing on Fundamentally Stocks Whila Avoiding aggressive Directional Bets Until Clearer Signals Emerge. “

Looking ahead, market participants will closely watch for policy Clarity and Management Commentary in the Coming Days to Assess the potential impact on Sectoral Earnings and Global TRADE DYNAMICS. With the monthly futures and options expiry approaching Next Week, Elevated Volatily is expected to Continue. “For the upcoming week, we expect the nifty to trade with a broader range of 24,300 to 25,100,” said nilesh jain, head of technical research at century at century broking ltd.

Published on September 26, 2025