Market massacre: 440 of BSE 500 shares finish week in crimson, 17 sink in double-digits amid IT, pharma rout

Indian markets reeled underneath twin blows dealt by US President Donald Trump throughout the weekwhich dragged the BSE 500 index 3.3% decrease. Over 440 shares within the index closed decrease, with 17 names tumbling in double digits, shedding as much as 14%.

All sectors settled within the crimson on a weekly foundation, with essentially the most extreme fall reported in IT shares adopted by realty, shopper and healthcare.

Trump’s September 19 (final Friday) govt order elevating the annual H-1B visa software price from $1,000 to $100,000 per applicant was the primary that hit the markets laborious this week. IT shares took the worst blow.

This Friday (September 26), the benchmark indices slumped after Trump introduced steep tariffs of as much as 100% on imports of ‘branded and patented’ medicine efficient October 1, 2025, turning the warmth on pharma shares.

Learn extra: Why inventory market fell at this time: Sensex tumbles 733 pts, Nifty beneath 24,700; 5 key elements behind the massacre

Greatest month-to-month laggards

Tier-2 IT inventory Coforge fell essentially the most, at 14% WoW. It was adopted by Caplin Level Laboratories and Avanti Feeds which have been down 13% and 12%, respectively. Others like Mphasis, Redington, Balrampur Chini Mills, KRBL, Wockhardt, Kalyan Jewellers India and Sumitomo Chemical India have been among the many high 10 losers, falling between 12% and 10%.
Broadly tracked shares like Laurus Labs, Mastek, Aarti Medication, Praj Industries, Sterling and Wilson Renewable Vitality, Nesco and Persistent Programs additionally fell in double-digits.

Weekly chart busters

Nevertheless, 44 shares managed to finish within the inexperienced, and Tata Funding Company and Hindustan Copper sparkled with double-digit returns of 18% and 10.4%.

NLC India, IFB Industries, Deepak Fertilisers, Minda Company, AU Small Finance Financial institution, Adani Energy, CSB Financial institution and Asahi India Glass completed among the many high 10 with features between 8.4% and three%.

Adani shares additionally remained in motion following a clear chit by Securities and Alternate Board of India (Sebi) to Gautam Adani and group corporations on Hindenburg Analysis’s allegations of violations of associated social gathering transactions (RPT) norms and fund diversion.

Additionally Learn: Defined: No RPT violations, no fund diversion. What Sebi’s key findings in Adani–Hindenburg case reveal

Sensex efficiency

Sensex’s 2.7% fall was on account of underperformance from heavyweights like Tata Consultancy Companies (TCS) and Infosys which fell practically 9% and 6%, respectively. Tech Mahindra was the highest loser at over 9% whereas Trent, Asian Paints and Mahindra & Mahindra (M&M), every fell by over 5%

Within the 30-stock index solely three counters closed within the inexperienced viz. Maruti Suzuki India (MSIL, 2.5%), Axis Financial institution (1.6%) and Larsen & Toubro (1.5%).

Sector snapshot

Among the many most punished sectors have been BSE IT (-7.3%), BSE Realty (-6%), BSE Shopper Durables (-5%), BSE Healthcare (-5%), BSE Capital Items (-4%), BSE Auto (-2.9%) and BSE FMCG (-3%).

BSE Midcap and BSE Smallcap indices ended with 4.3% and 4.5% cuts.

FII/DII motion

International Institutional Traders (FIIs) remained web sellers of Indian equities at Rs 19,570 crore this week whereas home institutional buyers (DIIs) have been web consumers at Rs 16,200 crore.

(Disclaimer: Suggestions, options, views and opinions given by the consultants are their very own. These don’t symbolize the views of Financial Instances)