Stock market today: The benchmark indices — BSE Sensex and Nifty 50 — extended their losing streak to a sixth straight session on Friday, September 26, as fresh Trump tariffs on pharmaceuticals and persistent foreign portfolio investor (FPI) selling weighed heavily on market sentiment.
Trump’s fresh tariffs on pharma, coupled with last week’s H-1B visa fee hike and Fed’s cautious stance on rate cuts, triggered heavy selling in IT and pharma stocks, dragged indices lower. Adding to the pressure, FPIs extended their selloff with ₹13,450 crore outflows in September.
The Sensex closed the day at 80,426.46, down 733.22 points, or 0.90 per cent, while the Nifty 50 settled at 24,654.70, down 236.15 points, or 0.95 per cent.
Overall this week, the Sensex has lost 2.66 percent while the broader Nifty has crashed 2.65 percent.
Broader markets were also down in today’s deals. Nifty MidCap 100 index slipped 2 per cent, while Nifty SmallCap 100 index was down 2.26 per cent. While in one week, Nifty Midcap tanked 4.6 percent and Nifty Smallcap shed 5.10 percent.
Investors lost nearly ₹7 lakh crore in just today’s session as the overall market capitalisation of BSE-listed firms dropped to nearly ₹450.8 lakh crore from ₹457.4 lakh crore in the previous session.
