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Informist, Friday, Sept. 26, 2025

 

By Simran Rede

 

MUMBAI – Indian equity market fell for the sixth consecutive session Friday as the Nifty 50 clocked its worst weekly fall since Feb. 28. Information technology, banking, financial services, and pharmaceutical companies continued to drag down the market for most of this week. The 100% tariffs on branded and patented pharmaceutical products by the US, along with muted growth guidance for Accenture, dampened the market sentiment.     

 

The Nifty 50 settled at 24654.70 points, down 236.15 points, or 1%. The BSE Sensex closed the day at 80426.46 points, down 733.22 points, or 0.9%. Both the indices closed lower for the sixth straight session, with the Nifty 50 logging a 3?cline over this period. Only six of the 50 stocks in the Nifty 50 closed in the green Friday. The Nifty 50 is over 6% away from its all-time high of 26277.35 points touched exactly one year ago on Sept. 27, 2024. The market breadth was sharply negative, with 77% of the stocks traded on the NSE closing in the red and only 20% of them ending higher.

 

The hot topic of the day that resulted in the decline in the market was US President Donald Trump announcing 100% tariffs on branded and patented pharmaceutical products. These tariffs will be effective from Oct. 1. He said pharmaceutical companies that are constructing their manufacturing units in the US will be exempted from these fresh levies. Despite such huge levies, analysts believe the impact of these tariffs on Indian pharma companies will be limited. However, there is some confusion around whether the proposed tariffs will include branded generics, a sizeable business for several companies in India.

 

Following these 100% tariffs, Pharmaceutical Exports Promotion Council of India Chairman Namit Joshi Friday said the proposed tariffs on pharmaceutical exports to the US would not affect Indian generic exports, as the proposed move is applicable to only branded and patented products. He said Indian generics is a huge cost-saving option for the US, adding that any move on imposing tariffs on generics might increase their costs significantly. The lower cost of generic medicines itself is a huge value saving for the US; otherwise, it would cripple the economy, he added.

 

The India VIX, the fear indicator of the Dalal Street, rose 6% to 11.4250. This marked the biggest single day gain for the index since Jul. 28. The index snapped a three-week falling streak Friday and gained nearly 15% over the week. The entire market closed in the red with all sectoral and broader market indices falling sharply. The mid- and small-cap indices closed 1.9-2.6% lower.

 

Another sector hit by US triggers is information technology. The muted revenue guidance growth of US-based technology firm Accenture impacted Indian IT companies. The company has pegged its revenue growth for 2025-26 (Sept-Aug) at 2-5% in local currency, slower than the 7% growth in revenue at $69.67 billion the previous year. This marks a third consecutive low growth year. This growth guidance includes a negative 1–1.5% impact from the US federal business, most brokerages said. Most global brokerages expect Accenture's muted growth guidance to weigh on the Indian IT sector. The Nifty IT index fell 2.5% and closed down for the sixth straight session, mirroring the benchmark indices' losing streak. 

 

Vodafone Idea fell 7.6?ter the Supreme Court again deferred the hearing for the company's plea on additional gross revenue, with the next hearing on Oct. 6 after Solicitor General Tushar Mehta sought more time on behalf of the Department of Telecommunications. The stock had surged over 12% last Friday after the government told the apex court that some solution might be required on the company's petition to quash the additional AGR demand of INR 94.50 billion for the period till 2018-19 (Apr-Mar). After the announcement of deferring of the plea, the stock registered a sudden fall, and it closed as the worst-performing Nifty 200 constituent.

 

Waaree Energies fell nearly 7% and was the worst hit in the Nifty 200 after Vodafone Idea. The decline followed an investigation by US customs officials on possible evasion of the US trade policies on Chinese-made solar cells and panels by marking them as made in India.

 

In the Nifty 50, Larsen & Toubro rose 2.3% and was the top gainer after the company said the Telangana government had agreed to take over the first phase of the Hyderabad metro rail project for a large sum. The Telangana government will take over the project by paying nearly INR 20 billion to L&T and will also take over the entire debt of the first phase, which currently stands at INR 130 billion. The government is taking over the project to expedite the second phase. The company had recorded losses of over INR 6 billion from the project in FY25, hence the exit of the company from this project will boost its earnings per share by 4%, JM Financial said.

 

Tata Motors rose 1.3% and was the second-top gainer in the 50-stock index after the company gave an update that its subsidiary Jaguar Land Rover has partly resumed operations at its UK plants following a major cyber-attack earlier in the month. JLR said sections of its digital estates have resumed operations, and the foundational work of its recovery programme is underway. The financial system is now running and able to sell and register vehicles, the company said.

 

GK Energy rose 9.6?ter listing at INR 171 on the NSE, a premium of 12% to the issue price of INR 153. Saatvik Green Energy fell 5.2?ter listing at the same price as its issue price of INR 465 on the NSE.  

 

* Of the Nifty 50 stocks, 6 rose and 44 fell
* Of the Sensex stocks, 4 rose and 26 fell

* On the NSE, 628 stocks rose, 2,424 fell, and 86 were unchanged

* On the BSE, 1,041 stocks rose, 3,100 fell, and 139 were unchanged

* Nifty IT: down 2.5%; Nifty India Defence: down 2.3%; Nifty Infrastructure: down 0.4%

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BSE                                                NSE

Sensex: 80426.46, down 733.22 points or 0.9%       Nifty 50: 24654.70, down 236.15 points or 1%

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S&P BSE Sensitive Index	Nifty 50
Lifetime High: 85978.25 (Sept. 27, 2024)	: Lifetime High: 26277.35 (Sept. 27, 2024)
Record Close High: 85836.12 (Sept. 26, 2024)	: Record Close High: 26216.05 (Sept. 26, 2024)
2025 1st day close: 78507.41 (Jan. 1)	: 2025 1st day close: 23742.90 (Jan. 1)
2025 Closing High: 84058.90 (Jun. 27)	: 2025 Closing High: 25637.80 (Jun. 27)
2025 Closing Low: 72989.93 (Mar. 4)	: 2025 Closing Low: 22082.65 (Mar. 4)
2025 High (intraday): 84099.53 (Jun. 30)	: 2025 High (intraday): 25669.35 (Jun. 30)
2025 Low (intraday): 71425.01 (Apr. 7)	: 2025 Low (intraday): 21743.65 (Apr. 7)
2024 1st day close: 72271.94 (Jan. 1)	: 2024 1st day close: 21741.90 (Jan. 1)
2024 Closing High: 85836.12 (Sept. 26)	: 2024 Closing High: 26216.05 (Sept. 26)
2024 Closing Low: 70370.55 (Jan. 23)	: 2024 Closing Low: 21238.80 (Jan. 23)
2024 High (intraday): 85978.25 (Sep. 27)	: 2024 High (intraday): 26277.35 (Sept. 27)
2024 Low (intraday): 70001.60 (Jan. 24)	: 2024 Low (intraday): 21137.20 (Jan. 24)
2023 1st day close: 61167.79 (Jan. 2)	: 2023 1st day close: 18197.45 (Jan. 2)
2023 Closing High: 72410.38 (Dec. 28)	: 2023 Closing High: 21778.70 (Dec. 28)
2023 Closing Low: 59288.35 (Feb. 27)	: 2023 Closing Low: 17311.80 (Oct. 17)
2023 High (intraday): 72484.34 (Dec. 28)	: 2023 High (intraday): 21801.45 (Dec. 28)
2023 Low (intraday): 58699.20 (Jan. 30)	: 2023 Low (intraday): 17098.55 (Jan. 17)
2022 1st day close: 59183.22 (Jan. 3)	: 2022 1st day close: 17625.70 (Jan. 3)
2022 Closing High: 63284.19 (Dec. 1)	: 2022 Closing High: 18812.50 (Dec. 1)
2022 Closing Low: 51360.42 (Jun. 17)	: 2022 Closing Low: 15293.50 (Jun. 17)
2022 High (intraday): 63583.07 (Dec. 1)	: 2022 High (intraday): 18887.60 (Dec. 1)
2022 Low (intraday): 50921.22 (Jun. 17)	: 2022 Low (intraday): 15183.40 (Jun. 17)
2021 Closing High: 61305.95 (Oct. 14)	: 2021 Closing High: 18338.55 (Oct. 14)
2021 Closing Low: 46285.77 (Jan. 29)	: 2021 Closing Low: 13634.60 (Jan. 29)
2021 High (intraday): 61353.25 (Oct. 14)	: 2021 High (intraday): 18350.75 (Oct. 14)
2021 Low (intraday): 46160.46 (Jan. 29)	: 2021 Low (intraday): 13596.75 (Jan. 29)
2020 Closing High: 47751.33 (Dec. 31)	: 2020 Closing High: 13981.95 (Dec. 30)
2020 Closing Low: 25981.24 (Mar. 23)	: 2020 Closing Low: 7610.25 (Mar. 23)
2020 High (intraday): 47896.97 (Dec. 31)	: 2020 High (intraday): 14024.85 (Dec. 31)
2020 Low (intraday): 25638.90 (Mar. 24)	: 2020 Low (intraday): 7511.10 (Mar. 24)
2019 High (intraday): 41809.96 (Dec. 20)	: 2019 High (intraday): 12293.90 (Dec. 20)
2019 Low (intraday): 35287.16 (Feb. 19)	: 2019 Low (intraday): 10583.65 (Jan. 29)
2018 High (intraday): 38938.91(Aug. 28))	: 2018 High(intraday): 11760.20 (Aug. 28)
2018 Low (intraday): 32483.8 (Mar. 23)	: 2018 Low (intraday): 9951.9 (Mar. 23)
2017 High (intraday): 34005.37 (Dec. 26)	: 2017 High(intraday): 10515.10 (Dec. 26)

 

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End

 

Edited by Deepshikha Bhardwaj

 

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