Amidst the decline in Asian markets, the Indian stock market closed down on Friday (26 September) in the last trading session of the week. This was the sixth consecutive trading session that recorded a decline. There was a decline in the market since morning, but selling pressure in the second part of the business dominated. The announcement of a new tariff by US President Donald Trump negatively impacted the market notion. Trump had announced that 100 percent tariff would be imposed on any branded or patented drug products “imported into the country from 1 October 2025.
The 30 -share BSE Sensex opened by about 100 points at 80,956.01. Infosys and ICICI Bank shares declined due to decline in shares. Finally it closed down 733.22 points or 0.90 percent to close at 80,426.46.
Similarly, the Nifty of the National Stock Exchange (NSE) opened at 24,818. It fell to 24,629 points during trading. Finally it closed at 24,654, declining 236.15 points or 0.95 percent.
Top disadvantage and profit shares
25 out of 30 shares of Sensex saw a huge decline today. Mahindra & Mahindra, Eternal, Sun Pharma, Infosys, Tata Steel, Tech Mahindra, TCS, Bajaj Finance, BEL, HCL Tech, Asian Paints, Trent, Adani Ports, ICICI Bank and Axis Bank closed on the red mark with a decline of 1 percent to 3.6 percent. Only L&T, Maruti Suzuki, ITC, Reliance Industries and Tata Motors could live in the green mark.
In broad markets, the Nifty Midcap index fell 2.05 percent and the Nifty Smallcap index 2.2 percent. Regional indices also saw weakness. The Nifty IT index fell 2.3%, the Nifty Pharma Index 2.2% and the Nifty Bank Index 1% dropped.
Due to the decline in the market on Friday
1. The founder of Equinomics Research Private Limited G. According to Chokalingam, the continuous selling of foreign institutional investors (FIIs) is increasing the pressure on the market. This is also causing cash problems.
2. Another major concern is H-1B visa reforms in America. Last week, the Trump administration made major changes in the H-1B visa program. President Donald Trump signed an executive order to increase the H-1B visa application fee from $ 2,000-5,000 to $ 1,00,000.
3. The third reason is the American tariff imposed on India. In August, Trump imposed an additional 25 percent tariff on India, making the total tariff rate to 50 percent. This tariff, which came into force from August 7, also applies to 70 countries against which the US has taken similar steps.
4. Rupee is also under pressure. On Wednesday, the local currency weakened in the third consecutive trading session and reached a record low against the dollar. The rupee opened at 88.73 with a strong 2 paise, but soon fell to 88.76. This year, the rupee has fallen 3.68 percent so far.
100 percent tariff on branded drugs
US President Donald Trump announced the new tariff on Thursday. Under this, 100 percent tariffs will be imposed on branded and patented drugs, which will be effective from October 1, 2025. However, these tariffs will not be applicable to pharmaceutical factory manufacturing companies in America.
Trump wrote on his social media platform, social troust, “Since October 1, 2025, 100 percent tariff will be imposed on any branded or patented medicine, until the company is making a manufacturing factory in the US. If production has started, there will be no tariff on the drug.”
Global market
The Asian market opened with a decline on Friday. President Trump announced a new tariff on furniture, heavy trucks and pharmaceutical products. South Korea’s Kospi Index 1.9 percent, Japan’s Nikkei 225 index 0.3 percent and Australia’s ASX 200 index also fell 0.3 percent.
The US stock market fell in the third consecutive season on Thursday. Investors reacted to unpredictable decline in unemployment claims and notable improvements in gross domestic product (GDP) growth. This development has made the possibility of cutting interest rates more difficult and has increased uncertainty about Federal Reserve policy. The Nasdaq Composite Index fell 0.5% and the S&P 500 index 0.5%. Dow Jones Industrial Average fell by about 0.38%.
