Nifty 50 closed at 24,661.75, down by 231.05 points (-0.93%). Bank Nifty closed at 54,384.45, down by 590.30 points (-1.07%). Sensex closed at 80,468.32, down by 691.36 points (-0.83%).
IndusInd Bank, Sun Pharma, M&M, Bajaj Finance, and Tata Steel led Nifty losses, while L&T, Tata Motors, Eicher Motors, Maruti Suzuki, and ITC were top gainers. Sectoral indices, including banks, metals, IT, telecom, and PSU banks, fell 1–2%, with BSE midcap and smallcap down 2% each.
US Markets
- Dow Jones Futures jumped by 77.00 points, up 0.17%, currently trading at 46,343.00 as of 26th September 2025.
European Markets
- FTSE (UK) jumped by 34.20 points, up by 0.37%, standing at 9,247.87.
- CAC (France) jumped by 33.89 points, up by 0.43%, at 7,829.00.
- DAX (Germany) jumped by 74.59 points, up by 0.33%, at 23,611.65.
Global events/updates
Asian pharma stocks fell sharply after U.S. President Donald Trump announced 100% tariffs on branded drug imports, raising concerns about global trade and healthcare costs. South Korea’s Kospi led regional losses with a 1.86% drop. Meanwhile, Trump signed an executive order backing TikTok’s continued operation in the U.S., adding to market buzz.
Checkout.com, the London-based payments platform, cut its valuation to $12 billion from $40 billion in 2022 as it launches a share buyback for employees. The sharp drop reflects cooling investor sentiment in fintech. Similar to Stripe and Revolut, Checkout.com is letting staff sell shares privately instead of pursuing a public listing.
Trump’s 100% tariffs on pharmaceuticals are set to sharply impact drug imports, raising costs for companies and consumers. He also signed an executive order supporting a TikTok deal. Meanwhile, FBI Director James Comey was indicted. U.S. markets slipped for a third straight day, led by Oracle’s 5.6% drop, while Barclays’ CEO reiterated U.K. commitment.
Indian IT stocks extended losses as Accenture’s weak outlook and layoffs signaled patchy demand, pressuring sector sentiment. Major firms like Wipro, Infosys, and TCS dropped over 1-2%, with some IT stocks down 30% in 2025. Adding to concerns, Trump proposed wage-based H-1B allocation and a steep $100,000 application fee, impacting India, the biggest H-1B beneficiary.
Stock news
Railtel Corporation of India Ltd: RailTel has won a ₹970 crore order from the Bihar Education Project Council to set up Physics, Chemistry, and Biology labs in government secondary and senior secondary schools. The turnkey project will be completed by September 2026.
Umiya Buildcon Ltd: Umiya Buildcon received approval from Karnataka to invest over ₹26 crore in a 1-acre advanced manufacturing facility for data communication products in Bangalore Rural. The project will create 150+ jobs and boost “Make in India” initiatives.
Harshil Agrotech Ltd: Harshil Agrotech secured a ₹113 crore order from Heera Merchants to supply wheat, potatoes, onions, tomatoes, green chilies, and mixed vegetables. Deliveries are scheduled within 45 days to Ahmedabad APMC and designated warehouses.
Marsons Ltd: Marsons received a ₹20.15 crore domestic order from Anvil Energy for 28 units of 33/11 KV, 10 MVA copper-wound outdoor power transformers. The contract is scheduled for completion within six months.
XT Global Infotech: XT Global Infotech’s shares rose 7% after securing its first international contract. The Australian client engaged the company for accounting services, with the deal valued at ₹1.1 crore, marking a milestone for the penny stock.
Jindal Steel: Jindal Steel has commissioned one of India’s largest blast furnaces at its Angul plant, raising hot metal capacity from 4 MTPA to 9 MTPA. The facility positions Angul as Odisha’s largest steel plant and growth hub.
Brahmaputra Infrastructure Ltd: Brahmaputra Infrastructure signed a ₹169.45 million contract from the National Highway Authority of India to construct rainwater drainage at 13th Mile near CASFOS, steel footpaths along Bridge 59/4, multiple foot overbridges, and service roads, enhancing local infrastructure and connectivity.
Tera Software Limited:- The company received Letters of Award worth ₹58.12 crore from West Bengal State Electricity Distribution Company for implementing spot billing of medium and low voltage domestic and commercial consumers across multiple zones in West Bengal.
Vodafone Idea shares fell after the Supreme Court deferred its AGR dues verdict to October 6. The Centre, holding a 49% stake, requested more time, despite earlier signaling no further relief or PSU conversion.
Ircon International Ltd:- North East Frontier Railways awarded Ircon International Rs 244 crore for composite work, including Vande Bharat maintenance upgrades at NJP, GE loco shed construction at SGUJ for 250 locos, and next-gen freight facilities in Katihar division.
Tata Consumer Products Ltd signed a non-binding MOU with the Ministry of Food Processing Industries, planning potential investments of up to ₹2,000 crore over five years, announced during the World Food India 2025 initiative.
Also read: Tata Motors and 4 other auto stocks in focus after Trump imposes 25% tariffs on heavy-duty trucks
Brokerage Recommendations
Godrej Agrovet
- Target Price:- Rs 980 apiece
- Upside:- 38.25%
- By ICICI Securities Limited
Bajaj Finance
- Target Price:- Rs 1,150 apiece
- Upside:- 16.59%
- By Sharekhan
Minda Corporation
- Target Price:- Rs 690 apiece
- Upside:- 21%
- By Axis Direct
Cochin Shipyard
- Target Price:- Rs 2,240 apiece
- Upside:- 20%
- By ICICI Direct
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
| Tata Investment Corporation Ltd (3.67%) | Wockhardt (-10%) |
| Jupiter Wagons Ltd (4%) | Vodafone Idea (-8%) |
| Godrej Agrovet (3.39%) | Intellect Design Arena Ltd (-7%) |
| Netweb Technologies India Ltd (3%) | Laurus Labs (-7.36%) |
| Larsen & Toubro (2.35%) | Waaree Energies (-7%) |
Conclusion: Indian markets ended lower, with Nifty down 0.93% and Bank Nifty falling 1.07%, led by losses in IndusInd Bank, Sun Pharma, M&M, Bajaj Finance, and Tata Steel. Global cues were mixed, while corporate news highlighted significant orders, expansions, and investments. Vodafone Idea remained under pressure, and brokerage calls suggest selective buying opportunities in stocks like Godrej Agrovet, Bajaj Finance, and Minda Corporation.
Written by Abhishek Singh
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