Overview

• The Sensex closed at 80,426.46, down 733.22 points or 0.90%, and the Nifty ended at 24,654.70, down 236.15 points or 0.95%, at three-week lows.
• Pharma stocks fell after US President Donald Trump announced 100% duties on branded and patented drugs from October 1 unless manufacturers set up production in the US, with Wockhardt plunging 9.4% and peers declining.
• IT shares weakened further on concerns about higher H‑1B visa fees and a subdued demand outlook signaled by Accenture.
• Roughly ₹15.2 lakh crore in investor wealth eroded over six sessions, including ₹4.51 lakh crore on Friday, with all sectoral indices lower and telecom, IT and consumer durables among the worst hit.
• Broader markets lagged as the BSE Midcap fell 1.96% and the BSE Smallcap dropped 2.05% on the day, with FPIs selling about ₹15,293 crore over the period while DIIs bought roughly ₹19,517 crore.