Today’s Stock Market Closing, 26 Sep: US Tariff Shock Triggers Sharp Selloff: Nifty Falls for 6th Day, Records Steepest Weekly Drop in 6 Months; IT & Pharma Down Over 2%, Small-Caps See Worst Fall Since May 

On Friday, September 26, Indian equity benchmark indices closed in the red, extending losses for the 6th consecutive day. India's fear index, India VIX, jumped over 5% closing above the 11 mark.

At the closing bell, the Nifty 50 ended down by 236.15 points, or 0.95%, at 24,654.70, marking its highest intraday fall of September. The Sensex also dropped by 733.22 points, or 0.90%, to 80,426.46. 

Nifty 50 ended the week with a sharp decline of 2.65%, marking its biggest weekly fall in nearly six months. Both the Nifty 50 and Sensex snapped a three-week winning streak, closing all five trading sessions of this week in negative territory.

On the sectoral front, weakness was broad-based, with all key indices finishing in the red. Nifty Pharma and Nifty IT were the top losers on Friday. 

The Nifty Pharma index dropped 2.14% after US President Donald Trump announced a 100% tariff on branded and patented drugs, leading the index to its steepest fall in the past two months. 

Meanwhile, Nifty IT saw a sharper decline, tumbling 2.45% as Accenture’s cloudy guidance outlook reignited concerns over growth in the sector. The index slipped to its lowest level since April 22 and posted its second-largest weekly decline of 2025.

The broader indices, the Nifty Midcap and Small-cap, extended losses for the fifth straight day. 

Stock-Specific Highlights

Among individual stocks,

• Infrastructure major Larsen & Toubro jumps 2.34% on exit from loss-making Hyderabad Metro. The state government would take over the Phase-I Metro Rail project by taking over the debt of the project 
• Waaree Energies share price dropped over 6% as the company clarified that it is cooperating with ongoing US investigations on solar imports and reaffirmed compliance with all applicable laws and disclosure requirements.
• Rites' share price slipped by over 1.5% on Friday. The company received $18 million worth of orders from Talis Logistics, South Africa, for the supply and commissioning of locomotives on Thursday

All Sectors Closed in Red

Nifty Pharma and Nifty IT were the top losers on Friday. Along with them, Nifty Metal and Nifty PSU Bank follow closely with declines of 1.93% and 1.78%. 

Among other sectors, Nifty FMCG showed the most resilience, recording the smallest decline at 0.47%, while Nifty Financial Service, Nifty Realty, Nifty Auto, Nifty Bank, Nifty Media, and Nifty Energy all saw falls ranging from 1% to 1.5%.

Nifty 50: Top Pullers and Draggers of the Day

The key drivers of the index gains were:

• Larsen & Toubro: +25.55 points
• ITC: +10.07 points
• Reliance Industries: +9.87 points

On the other hand, these stocks weighed on the index:

• Infosys: -25.91 points
• Mahindra & Mahindra: -25.35 points
• ICICI Bank: -20.92 points

Broader Markets Negative 

The broader market indices ended in the red on Friday. The Mid-cap 100 index ended down by 2.05%, and the Small-cap 100 closed down by 2.26%, extending losses for the fifth straight day. The Small-cap 100 index recorded the biggest weekly fall in the last six months. 

Market Breadth

As of September 26, 2025, the market breadth was in favour of declining stocks. Out of 3,138 stocks traded on the NSE, 628 advanced, 2,424 declined, and 86 remained unchanged. 

A total of 50 stocks touched their 52-week highs, while 139 hit their 52-week lows. Additionally, 57 stocks were locked in their upper circuits, whereas 106 stocks were in lower circuits. 

Disclaimer: The article is for informational purposes only and not investment advice