Mumbai, Sept. 26 -- Domestic equity indices opened lower after President Trump announced a 100% tariff on branded drug imports starting from 1 Oct 2025, pressuring pharma stocks despite generics being exempt.

The Nifty traded below the 24,800 level. All sectoral indices on the NSE were traded in the red, with pharma, healthcare, and IT declining the most.

At 09:30 IST, the barometer index, the S&P BSE Sensex, declined 311.41 points or 0.38% to 80,848.27. The Nifty 50 index lost 117.05 points or 0.48% to 24,772.85.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index slipped 0.72% and the S&P BSE Small-Cap index tumbled 1.10%.

The market breadth was weak. On the BSE, 843 shares rose and 2,021 shares fell. ...