Overview

• Sensex fell 733 points to 80,426 and Nifty dropped 236 points to 24,654 on Friday, capping a six-session slide and the steepest weekly decline in months.
• Pharma and IT led the fall after the US announced 100% tariffs on branded and patented drug imports and as H‑1B fee hikes and Accenture’s weak outlook weighed on tech.
• The Nifty IT index sank about 8% for the week, with broader markets underperforming as mid- and small-caps lost more than 4%.
• Foreign investors sold roughly ₹15,293 crore over the recent stretch including about ₹5,688 crore on Friday, while DIIs were net buyers; around ₹15.2 lakh crore in market value was erased over the period.
• Technically, Nifty has broken its 20-, 50- and 100-day EMAs and now hovers over the 200-day zone at 24,400–24,350, where a decisive breach could trigger a deeper correction.