Overview

• The Sensex closed down 733 points at 80,426.46 and the Nifty fell 236 points to 24,654.70, marking a sixth straight decline.
• Investors reacted to a 100% U.S. tariff on branded and patented pharmaceuticals effective October 1, alongside a $100,000 H-1B visa fee that added pressure on IT shares.
• Pharma and IT led losses, with Nifty IT down nearly 8% for the week and Nifty Pharma sliding about 2% on Friday, while midcaps and smallcaps dropped around 2% and volatility rose.
• Provisional NSE data showed FPIs sold Rs 4,995.42 crore on Thursday as DIIs bought about Rs 5,103 crore, reflecting persistent foreign outflows despite domestic support.
• Indexes posted their steepest weekly drop in nearly seven months, with all 16 sectoral gauges lower and broader market breadth firmly negative.