Fresh tariff worries pull Sensex down 733 points, Nifty below 24,700

The Indian share market tumbled on Friday as the Sensex and Nifty logged their sixth straight session of declines, dragged down by pharma shares after U.S. President Donald Trump imposed a 100% tariff on branded drugs and 25% on heavy-duty trucks.At close, the Sensex was down 733.22 points or 0.90 percent at 80,426.46, and the Nifty was down 236.15 points or 0.95 percent at 24,654.70.The market has registered the longest losing streak in last 7 months, with Nifty breaching 24,700 for the first time since September 2, while BSE Sensex also broke 81,000 level for the first time since September 8, according to information.
Market This Week: 
●Market posts worst weekly fall in nearly 6 months,
●Sensex & Nifty down nearly 3% each, Nifty Bank down 2%,
●All the sectoral indices close in the red, Nifty IT down 8%
L&T, Tata Motors, Eicher Motors, Reliance Industries, ITC were the top gainers on the Nifty, while losers included IndusInd Bank, Sun Pharma, M&M, Eternal, Tata Steel.On the sectoral front,all the sectoral indices ended in the red with bank, capital goods, consumer durables, metal, IT, telecom, pharma, PSU Bank down 1-2 percent. Broader indices underperformed the main indices with BSE midcap and smallcap indices shed 2% each.For the week, BSE Sensex and Nifty slipped 2.6 percent each.
Rupee Close: 
On 26 Sep'25,the Indian rupee rebounded from its all-time low to close 4 paise higher at 88.72 against the US dollar on Friday, tracking a weak greenback against major currencies overseas and a drop in global crude oil prices.Unabated foreign capital outflows and risk-off sentiment in the domestic equity market prevented a sharp rise in the local unit, while hopes of a breakthrough in the India-US trade talks supported the domestic currency, according to forex traders.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments stated,the Indian market experienced a bloodbath, mirroring the rout across Asian markets. Investor sentiment was rattled by a fresh wave of tariffs targeting the pharmaceuticals, dragging pharma stocks deep into the red.Meanwhile, Accenture’s weaker guidance and job cuts highlighted slowing IT spending, with AI-driven growth failing to meet expectations, prompting a broad sell-off in tech shares. Investors remain cautious, with a near-term focus on domestic investment and consumption amid global uncertainty.
Market experts recommended five stocks to buy on Friday- Arihant Capital Markets, Hindware Home Innovation, Inox Green Energy Services, KIOCL, and Hindustan Zinc.

(Business Correspondent)