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The Indian stock market has seen a sharp pullback as investors shifted focus from the much-anticipated GST 2.0 boost to the impact of new U.S. tariffs under the Trump administration, affecting sectors like IT and pharmaceuticals.

On Friday, September 26, the Sensex dropped over 660 points, while the Nifty slipped below 24,750. Major laggards included M&M, Eternal, Sun Pharma, Tata Steel, HCL Tech, Tech Mahindra, and TCS, while Reliance, Maruti, L&T, and Tata Motors were among the gainers. Nifty Pharma led sectoral declines, down more than 2%, followed by IT, PSU banks, autos, and metals.

Trump Tariffs Weigh on Markets

The fall comes amid growing concerns over US tariffs on Indian exports. The 50% tariffs announced by President

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