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1h ago

Sensex, Nifty Slide for Sixth Straight Session as Pharma, IT Sell-Off Deepens After US Tariff Shock

Foreign funds pulled back sharply this week as investors saw about ₹15.2 lakh crore in market value erased.

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Overview

  • Sensex fell 733.22 points to 80,426.46 and Nifty lost 236.15 points to 24,654.70, marking nearly 1% declines on Friday.
  • Pharma and IT led losses after President Donald Trump announced 100% tariffs on branded and patented drugs from October 1, with visa-cost worries and Accenture’s weaker outlook weighing on tech.
  • The downturn extended to six sessions, taking cumulative declines to about 2,587.50 points for the Sensex (≈3.1%) and 768.90 points for the Nifty (≈3%).
  • Mid- and small-cap stocks fell more than large caps, with the BSE Midcap down 1.96% and the Smallcap down 2.05% on Friday, and both down roughly 4–5% over six sessions.
  • FPIs were net sellers of ₹15,293 crore over the period, including ₹5,688 crore on Friday, while DIIs bought ₹19,517 crore, including ₹5,843 crore on Friday; Friday’s slide alone erased about ₹4.51 lakh crore in investor wealth.