Commentary:
Indian benchmark indices fell on Friday after US President Donald Trump announced tariffs of up to 100% on branded and patented drug imports, starting October 1, 2025. IT stocks dropped for the sixth straight session, as Accenture’s results showed uneven demand. Strong US economic data also reduced hopes for big Fed rate cuts. Among broader markets, small- and mid-cap stocks fell more than large-caps. Sector-wise, IT, pharma, and metals each lost nearly 2%, while market volatility rose, with India VIX up 5%.
Source: Moneycontrol | Trendlyne
Note Nifty50 closed at 24654.70, down 0.95%, on Sep 26, 2025.
Source link: Chart IQ (PML)
Top 5 Gainers & Losers (Nifty50):
- Gainers: LT (+2.3%), Tata Motors (+1.2%), ITC (+1.2%), Eicher Motors (+0.8%), Reliance Inds (+0.3%)
- Losers: M&M (-3.7%), IndusInd Bank (-3.7%), Eternal (-3.3%), Tata Steel (-2.8%), Bajaj Finance (-2.7%)
Indices Overview:
| Index | Close | % Change | Year High | Year Low |
| Nifty 50 | 24654.70 | -0.95 | 26277.35 | 21743.65 |
| Nifty Bank | 54389.35 | -1.07 | 57628.4 | 47702.9 |
| FinNifty | 25985.25 | -1.00 | 27369.8 | 22320.85 |
| Nifty Midcap 100 | 56378.55 | -2.05 | 60696.35 | 46865.7 |
| Nifty Smallcap 100 | 17560.90 | -2.26 | 19716.20 | 14084.3 |
Source: Trendlyne
Trending Corporate News:
- Pharma Stocks: Declined sharply following the news of the US imposing up to 100% tariffs on imported branded drugs; generic drugs remain exempt.
- JSW Steel: Supreme Court cleared JSW Steel’s Rs 19,000 cr resolution plan for Bhushan Power & Steel.
- Buzzing IPOs: Three more IPOs are set to open on Monday.
Source: Moneycontrol, Economic Times
F&O Corner
| Index Name | Last Close | Resistance (Call – Max OI) |
Support (Put – Max OI) |
| Nifty 50 | 24654 | 25000 | 24500 |
| Nifty Bank | 54389 | 55000 | 54000 |
| FinNifty | 25985 | 27000 | 25500 |
| Sensex | 80426 | 81000 | 77000 |
| Bankex | 61398 | 62000 | 61700 |
Global Glance
- Gold Surge: Gold prices remained upbeat following better-than-estimated US GDP data; Fed rate cut chances receded.
- New Tariffs: Asian markets slide as Trump slaps new tariffs on pharma and heavy-duty trucks imports.
- Oil Prices: Crude holds steady at multi-week high as Russia limits fuel exports; US GDP revised up.
Source:www.forexfatory.com | Reuters
IPO Corner:
Pace Digitek Ltd
- Industry: Telecom Infrastructure
- Opening Date: Sep 26, 2025
- Closing Date: Sep 30, 2025
- Price Band – ₹208-219
Source: RHP
FAQ of the Day:Q. What is a balanced fund?A balanced fund is a type of mutual fund that invests in both stocks and bonds to provide a balanced mix of growth and income. Source: Investopedia |
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