Benchmark inventory indices Sensex and Nifty tumbled nearly 1% on Friday (September 26, 2025), marking their sixth consecutive day of decline, following heavy selling in pharma and IT shares as U.S. President Donald Trump introduced 100% duties on pharmaceutical drugs from subsequent month.
The 30-share BSE Sensex tanked 733.22 factors or 0.90% to settle at a three-week low of 80,426.46. During the day, it dropped 827.27 factors or 1% to 80,332.41.
The 50-share NSE Nifty tumbled 236.15 factors or 0.95% to an over three-week low of 24,654.70. The index has been on a decline since September 19, tanking over 3 % in six straight classes. Sensex has tumbled by 2,587.50 factors or 3.16% in six classes to Friday.
Most pharma shares dropped, dragging the BSE Healthcare index down by 2.14% after Trump’s transfer to impose 100% import tariffs on pharmaceutical drugs from October 1. Wockhardt shares tanked 9.4%.
In his submit on social media platform Truth Social, Trump wrote, “Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America.” The US President additional clarified, “IS BUILDING” can be outlined as, “breaking ground” and/or “under construction.” There will, due to this fact, be no Tariff on these Pharmaceutical Products if development has began.
Among Sensex companies, Mahindra & Mahindra, Eternal, Tata Steel, Bajaj Finance, Asian Paints, Sun Pharma, Tech Mahindra, Infosys, Tata Consultancy Services and HCL Tech had been the most important laggards.
However, Larsen & Toubro, Tata Motors, ITC and Reliance Industries had been the gainers.
“Indian equities ended sharply lower on Friday in a broad-based sell-off after the US announced a steep 100% tariff on imports of branded and patented pharmaceutical products effective October 1. The unexpected move rattled already fragile investor sentiment, which was still digesting the recent hike in H-1B visa fees that triggered heavy selling in IT counters this week.
“Both IT and healthcare shares bore the brunt of the sell-off, dragging the broader indices decrease as traders rushed to reassess earnings outlooks and export development prospects,” Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng ended significantly lower.
Equity markets in Europe were trading in positive territory. US markets ended lower on Thursday.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,995.42 crore on Thursday, according to exchange data.
Global oil benchmark Brent crude dipped 0.27% to $69.23 a barrel.
On Thursday, the Sensex tanked 555.95 points or 0.68% to settle at 81,159.68. The Nifty tumbled 166.05 points or 0.66% to 24,890.85.
