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Benchmark banal indices Sensex and Nifty tumbled astir 1% connected Friday (September 26, 2025), marking their sixth consecutive time of decline, pursuing dense selling successful pharma and IT shares arsenic U.S. President Donald Trump announced 100% duties connected pharmaceutical drugs from adjacent month.
The 30-share BSE Sensex tanked 733.22 points oregon 0.90% to settee astatine a three-week debased of 80,426.46. During the day, it dropped 827.27 points oregon 1% to 80,332.41.
The 50-share NSE Nifty tumbled 236.15 points oregon 0.95% to an implicit three-week debased of 24,654.70. The scale has been connected a diminution since September 19, tanking implicit 3 % successful six consecutive sessions. Sensex has tumbled by 2,587.50 points oregon 3.16% successful six sessions to Friday.
Most pharma shares dropped, dragging the BSE Healthcare scale down by 2.14% aft Trump's determination to enforce 100% import tariffs connected pharmaceutical drugs from October 1. Wockhardt shares tanked 9.4%.
In his station connected societal media level Truth Social, Trump wrote, "Starting October 1st, 2025, we volition beryllium imposing a 100% Tariff connected immoderate branded oregon patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant successful America." The US President further clarified, "IS BUILDING" volition beryllium defined as, "breaking ground" and/or "under construction." There will, therefore, beryllium nary Tariff connected these Pharmaceutical Products if operation has started.
Among Sensex firms, Mahindra & Mahindra, Eternal, Tata Steel, Bajaj Finance, Asian Paints, Sun Pharma, Tech Mahindra, Infosys, Tata Consultancy Services and HCL Tech were the biggest laggards.
However, Larsen & Toubro, Tata Motors, ITC and Reliance Industries were the gainers.
"Indian equities ended sharply little connected Friday successful a broad-based sell-off aft the US announced a steep 100% tariff connected imports of branded and patented pharmaceutical products effectual October 1. The unexpected determination rattled already fragile capitalist sentiment, which was inactive digesting the caller hike successful H-1B visa fees that triggered dense selling successful IT counters this week.
"Both IT and healthcare stocks bore the brunt of the sell-off, dragging the broader indices little arsenic investors rushed to reassess net outlooks and export maturation prospects," Ponmudi R, CEO of Enrich Money, an online trading and wealthiness tech firm, said.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite scale and Hong Kong's Hang Seng ended importantly lower.
Equity markets successful Europe were trading successful affirmative territory. US markets ended little connected Thursday.
Foreign Institutional Investors (FIIs) offloaded equities worthy ₹4,995.42 crore connected Thursday, according to speech data.
Global lipid benchmark Brent crude dipped 0.27% to $69.23 a barrel.
On Thursday, the Sensex tanked 555.95 points oregon 0.68% to settee astatine 81,159.68. The Nifty tumbled 166.05 points oregon 0.66% to 24,890.85.
