By: The Trek News Desk
Indian stock markets witnessed a sharp selloff on Friday, triggered by aggressive selling from foreign institutional investors (FIIs) and widespread panic among retail participants. The combination of global trade concerns and political uncertainty sent shockwaves through Dalal Street, leading to steep losses across the board.
Trump’s Tariff Shock Jolts Markets
The primary trigger behind the sudden market downturn was a policy announcement by US President Donald Trump. Trump declared that starting October 1, 2025, a 100% tariff would be imposed on all branded or patented pharmaceutical products entering the United States. He also proposed 25% tariffs on heavy trucks and 50% on kitchen cabinets and related products.
This surprise move sparked fears of trade disruptions and had a direct impact on India’s pharma and auto sectors, key export verticals, leading to heightened selling pressure on related stocks.
Market Performance Snapshot
- BSE Sensex plunged 733 points or 0.9% to close at 80,426.5, after hitting an intraday low of 80,332.
- NSE Nifty 50 dropped 236 points or 0.95%, ending the session at 24,655, slipping as low as 24,629 during the day.
This marked the biggest weekly fall in the last seven weeks for both benchmark indices, with investors losing approximately ₹15.5 lakh crore in market capitalization over the week.
Heavyweight Drags on Sensex
Out of the 30 constituents on the Sensex, 25 stocks ended in the red, with notable losers including:
- Mahindra & Mahindra (M&M)
- Sun Pharma
- Infosys
- Tata Steel
- Tech Mahindra
- TCS
- Bajaj Finance
- BEL
- HCL Technologies
- Asian Paints
- Trent
- Adani Ports
- ICICI Bank
- Axis Bank
These stocks fell in the range of 1% to 3.6%, contributing significantly to the market’s slide.
Limited Support from Select Gainers
A handful of stocks managed to stay afloat despite the broader selloff. Gainers included:
- Larsen & Toubro (L&T)
- Maruti Suzuki
- ITC
- Reliance Industries
- Tata Motors
Mid- and Small-Caps Not Spared
The carnage extended beyond blue-chip stocks, hitting the broader market as well:
- Nifty Midcap 100 fell 2.05%
- Nifty Smallcap 100 dropped 2.2%
Sectoral Indices Deep in the Red
Several key sectoral indices saw sharp corrections:
- Nifty IT: down 2.3%
- Nifty Pharma: down 2.2%
- Nifty Bank: down 1%
The combination of Trump’s aggressive trade rhetoric and persistent FII selling has rattled market sentiment. Analysts believe that global economic policy shifts, especially in the US, will continue to play a major role in shaping the near-term direction of Indian equities.
For now, experts advise investors to exercise caution, avoid panic selling, and focus on long-term fundamentals amid the ongoing volatility.
Source: News Agencies
