On Friday (September 26), the Indian stock market opened with a decline, witnessing the fall in Asian markets. The announcement of the new tariff by US President Donald Trump affected 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 Sensex of BSE opened by about 100 points at 80,956.01. Shares of Infosys, Sun Pharma and ICICI Bank pulled down the index. At 9:21 am, it was trading at 80,856.16, down 303.52 points or 0.37 percent. Similarly, the Nifty 50 of the National Stock Exchange (NSE) also opened at 24,818. At 9:22 am, it was trading at 24,804 with a gain of 99.65 points or 0.40 percent.
100% tariff on branded drugs
US President Donald Trump announced the new tariff on Thursday. Under this, 100% tariffs will be imposed on branded and patented drugs, which will be effective from October 1, 2025. However, this tariff will not apply to companies making pharmaceutical plant in the US.
Trump wrote on his social media platform, social troust, “From the beginning of October 1, 2025, 100% tariff will be applied to any branded or patented drug, until the company is building a drug manufacturing plant in the US. If production has started, there will be no tariff on that medicine.”
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.
US stock markets declined in the third consecutive season on Thursday. Investors reacted to unpredictable decline in claims of unemployment gains and notable improvements in gross domestic product (GDP) growth. These developments have made the possibilities of cutting interest rates more difficult. This has increased uncertainty about Federal Reserve policy. The Nasdaq Composite Index fell 0.5 percent and the S&P 500 index fell 0.5 percent. Dow Jones Industrial Average fell by about 0.38 percent.
These shares will be monitored
After the announcement of 100% tariff on drug products by President Trump, Sun Pharma, Dr. Reddy’s Laboratories and other pharma shares will be monitored. Investors will also keep a close watch on auto shares including Polycab India, Vary Energy, Tata Motors and NTPC.
IPO update
In the main IPO segment, the IPO of Pace Digtec will open for public membership today. Today will be the second day of the IPO of Gjkushal Industries and True Bio -organism. IPOs of APEC Prefab Technologies, BMW Ventures and Jain Resource Recycling will be closed today for public subscription. GK Energy and Satvik Green Energy will be listed on the stock exchange today.
