Why Did Market Fall Today? The Indian equity market declined for the sixth day on Friday, September 26, with the domestic benchmark indices trading down by nearly 1% as compared with the previous close. The BSE Sensex tumbled by 733.22 points to close at 80,426.46 and the NSE Nifty declined by 236.15 points to close below the 24,700 mark at 24,654.70.
Broader markets saw a major decline, with the Nifty Midcap 100 and the Nifty Smallcap 100 tumbling by 2.05% and 2.26%, respectively.
Among the indices, IT was the biggest loser to decline by 2.45%, followed by consumer durables (down 2.19%), pharma (down 2.14%), metal (-1.93%), and PSU Bank (-1.78%).
Key Factors Behind Stock Market Fall Today:
1. US Tariffs On Pharma
The imposition of 100% tariffs by the US on branded pharma has deterio