Indian Developments
Indian equity markets declined this week, breaking a two-week winning streak amid global uncertainty.
The sell-off was triggered by 100% US tariffs on Indian pharma, H-1B visa fee hikes, and weak guidance from Accenture, which pressured IT stocks.
Jerome Powell’s cautious tone on rate cuts dampened liquidity hopes, while FPIs sold ?13,450 crore, including ?4,995 crore on Thursday alone.
The Nifty 50 fell 3.02% to 24,654.7, with Midcap and Smallcap indices plunging 4.25% and 4.75%, respectively. Despite the volatility, India VIX dropped 1.54%.
Brent crude rose 2.7% to $68.63, and the rupee hovered near ?88.72/USD, adding to inflation and FPI concerns.
Sectoral Developments
On sectoral front, major sectors ended in the red , with Nifty IT (-8.29%) ended as a top loser.
Nifty Realty ( down 5.59%), Nifty Pharma (down 4.73 per cent), Healthcare (down 4.71 per cent) Auto (down 3.09 per cent), and Consumer Durables ended with significant losses.
Meanwhile, Nifty Bank, Metal, Oil and Gas and Energy fell round 1-2 percent each. Nifty FMCG was down 2.96%.
Global Developments
Global equity indices delivered a poor performance this week. US and global stocks declined due to fed policy uncertainty, US economic data, tech sector weakness, mixed signals from central banks and weak job data triggering slowdown, impacting Asian and other emerging markets.
U.S. stock indices—the Dow Jones Industrial Average , Nasdaq 100 and S&P 500—fell by 0.38%, 0.43% and 0.50%,respectively, compared to the previous week.
In Asia, South Korea’s KOSPI and Japan’s Nikkei fell sharply by 2.45% and 0.87% respectively.
European indices ,with the FTSE 100 and Germany’s DAX mildly up by 0.35% and 0.27% respectively.
Among Asian markets, the Shanghai Composite dip by 0.65% and Hong Kong’s Hang Seng Index led downturn, declined by 1.49%
Other Markets:
Source: www.nseindices.com; MCX Gold Prices; Economic times, Bloomberg.
Data for week ended on September 26 , 2025.
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