September 28, 2025

The Indian stock market got a heavy dose of gloom on Friday, tumbling for the sixth day in a row. The S&P BSE Sensex dropped a steep 733.22 points, or 0.90%, closing at 80,426.46. The NSE Nifty 50 also took a hit, shedding 236.15 points, or 0.95%, finishing at 24,654.70. This marked the biggest weekly fall in almost seven months! Why did this sell-off happen? Experts say fresh US tariffs targeting pharmaceutical products hit the pharma sector hard, dragging stocks deep into the red. Vinod Nair, Head of Research at Geojit Investments, pointed out, “Meanwhile, Accenture’s weaker guidance and job cuts highlighted slowing IT spending, with AI-driven growth failing to meet expectations, prompting a broad sell-off in tech shares.” The US limits on H-1B visas also dimmed hopes for IT companies that rely on skilled foreign workers. Mr. Nair added, “Investors remain cautious, with near-term focus on domestic investment and consumption amid global uncertainty.” Clearly, everyone’s watching the future with a worried eye! Across the world, US markets oddly showed some green. On Friday, the Dow Jones Industrial Average climbed 299.97 points (0.65%) to 46,247.29. The S&P 500 and Nasdaq also gained modestly, though all three major US indexes logged weekly losses, ending their recent winning streaks. Europe took a breather too, with the pan-European STOXX 600 rising 0.8% on Friday thanks to strong financial and industrial stocks. It ended the week almost flat. Technical gurus have cast their verdict on the Nifty’s jittery moves. Nilesh Jain, Head of Technical and Derivatives Research at Centrum Broking, said the Nifty has fallen below all key moving averages. “Immediate support is placed at 24,500, followed by 24,350. On the upside, a decisive move above 24,900 is essential to reverse the current bearish setup,” he said. With monthly options expiry next week, expect volatility to stick around. Hot stocks in action on the BSE included Titan Company (Rs 2,510 crore turnover), ICICI Bank (Rs 2,501 crore), and Larsen & Toubro (Rs 2,196 crore). On the NSE, Vodafone Idea (159.73 crore shares) and YES Bank (8.55 crore) saw the highest volume trades. Buying interest shone on Godrej Agrovet, Jupiter Wagons, and L&T among others. The weekly tally showed over 132 stocks hitting fresh 52-week highs, including Maruti Suzuki and Netweb Technologies. But 154 stocks plunged to 52-week lows, with Wockhardt, Vodafone Idea, and Laurus Labs facing heavy selling pressure. Market mood was clearly bearish: out of 4,280 stocks traded on the BSE, 3,100 fell, only 1,041 rose, and 139 stayed flat. The cautious investor mood stems from a mix of global concerns and domestic challenges. To sum it up, Indian markets are riding through a rough patch. US visa rules, unexpected tariffs, and weak IT cues have shaken investor confidence. But like any thrilling Bollywood drama, the next twists next week will keep traders on the edge of their seats!

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Tags: Indian stock market, Sensex, Nifty, Us visa curbs, Pharma tariffs, Market selloff,