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Indian equity markets are set for a weak opening on Friday after US President Donald Trump announced steep new tariffs
Stock Market Today
Sensex Today: Indian equities faced heavy selling on Friday as panic among retail investors, combined with persistent foreign outflows, dragged markets lower and dented sentiment.
Bears tightened their grip on Dalal Street after US President Donald Trump announced a 100% tariff on all branded and patented pharmaceutical products entering the US from October 1, 2025, alongside a 25% duty on heavy trucks and a 50% levy on kitchen cabinets and related products.
The BSE Sensex tumbled 733 points, or 0.9%, to close at 80,426.5, after hitting an intraday low of 80,332. The NSE Nifty50 slipped 236 points, or 0.95%, to settle at 24,655, touching a low of 24,629. Both benchmarks logged their steepest weekly loss in seven weeks.
Selling was broad-based, with 25 of the 30 Sensex constituents ending in the red. M&M, Eternal, Sun Pharma, Infosys, Tata Steel, Tech Mahindra, TCS, Bajaj Finance, BEL, HCL Tech, Asian Paints, Trent, Adani Ports, ICICI Bank, and Axis Bank dropped between 1% and 3.6%.
On the upside, L&T, Maruti Suzuki, ITC, Reliance Industries, and Tata Motors managed to eke out gains.
The pain extended to the broader market, with the Nifty MidCap index falling 2.05% and the Nifty SmallCap index sliding 2.2%.
Sectorally, Nifty IT declined 2.3%, Nifty Pharma dropped 2.2%, and the Nifty Bank index slipped 1%, reflecting widespread weakness across the board.
Global Cues
Asia-Pacific markets opened in red on Friday after President Trump announced fresh tariffs on furniture, heavy trucks and pharmaceutical products. Last checked, South Korea’s Kospi index edged 1.9 per cent lower, Japan’s Nikkei 225 was down 0.3 per cent, and Australia’s ASX 200 was down 0.3 per cent.
US stocks declined for a third consecutive session on Thursday as investors reacted to an unexpected decrease in jobless claims and a significant upward revision to GDP growth. These developments have added complexity to the outlook for interest rate cuts, contributing to uncertainty surrounding the Federal Reserve’s policy direction. Overnight, the Nasdaq Composite index fell 0.5 per cent, S&P 500 ended 0.5 per cent down, and Dow Jones fell around 0.38 per cent.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
September 26, 2025, 09:09 IST
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