Mumbai, Sept. 26 -- The domestic equity benchmarks traded with significant cuts in the afternoon trade after U.S. President Donald 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 24,750 mark.

All the sectoral indices on the NSE were traded in red with pharma, IT and metal shares leading the decline.

At 13:25 IST, the barometer index, the S&P BSE Sensex slipped 478.06 points or 0.58% to 80,688.10. The Nifty 50 index lost 153.50 points or 0.61% to 24,735.50.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 1.53% and the S&P BSE Small-Cap index declined 1.74%.

The market breadth was wea...