Mumbai, Sept. 26 -- The headline equity indices closed sharply lower, extending their losing streak to a sixth session. Sentiment weakened after U.S. President Donald Trump announced a 100% tariff on branded drug imports effective October 1, 2025, while continued FII selling and concerns over H1B visas added to the pressure. The Nifty ended below 24,700 as IT, consumer durables and pharma stocks led the decline. All NSE sectoral indices finished in the red.

The S&P BSE Sensex dropped 733.22 points or 0.90% to 80,426.46. The Nifty 50 index tanked 236.15 points or 0.95% to 24,654.70. In six consecutive sessions, the Sensex is down 3.11% and the Nifty has tumbled 3.02%.

Mahindra & Mahindra (down 3.70%), Bajaj Finance (down 2.75%) and Infos...