Markets Plunge as Auto Stocks Defy Downtrend Amid Pharma, IT Bloodbath
Wall Street's selloff accelerates while Detroit's engine keeps humming.
Auto Sector's Surprise Rally
Automotive stocks bucked the bearish trend with unexpected momentum—leaving analysts scrambling to explain the divergence from broader market weakness. The sector's resilience stood in stark contrast to the carnage elsewhere.
Pharma and Tech Get Hammered
Healthcare and technology stocks led the decline, with investors dumping shares amid sector-specific headwinds. The selloff exposed vulnerabilities in previously high-flying growth segments while traditional manufacturing unexpectedly gained favor.
Another day where the 'smart money' proves it can lose billions while accidentally making winners of the stocks they've been ignoring for years.
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Pharmaceutical stocks faced intense pressure following the Trump administration’s decision to impose 100 per cent tariffs on branded pharmaceutical imports from October 1. SUN Pharma emerged as the top loser on the Nifty 50, declining 2.91 per cent to ₹1,580.00 from its previous close of ₹1,627.40.
Information technology counters also witnessed heavy selling amid concerns over steep hikes in H-1B visa fees. Wipro dropped 2.04 per cent to ₹237.07, while Tech Mahindra fell 2.01 per cent to ₹1,415.30. The sector’s weakness reflected investor anxiety over potential policy changes affecting Indian IT companies’ operations in the United States.
Banking stocks contributed to the overall market decline, with IndusInd Bank falling 2.73 per cent to ₹720.50. The Nifty Bank index was down 370.25 points or 0.67 per cent to 54,605.75, remaining under pressure below the 55,000 level.
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Mahindra & Mahindra bucked the auto sector trend, declining 2.68 per cent to ₹3,435.50, contrasting with gains seen in other automotive stocks.
Automotive stocks provided the primary support to markets, with Larsen & Toubro leading gains with a 3.46 per cent jump to ₹3,770.40. Tata Motors advanced 2.09 per cent to ₹678.20, while Eicher Motors gained 1.40 per cent to ₹7,083.50. Hero MotoCorp ROSE 1.03 per cent to ₹5,409.50, reflecting positive sentiment in the two-wheeler segment.
ITC also contributed to the gainers’ list, rising 1.30 per cent to ₹405.30, providing some cushion to the FMCG sector.
Market breadth remained weak with 2,920 stocks declining against 1,047 advancing on the BSE. The volatility index India VIX remained elevated, reflecting continued uncertainty among market participants.
Broader market indices underperformed the benchmarks, with the Nifty Midcap 100 declining 1.28 per cent to 56,839.20 and the Nifty Next 50 falling 1.06 per cent to 67,567.25. The Nifty Financial Services index dropped 0.57 per cent to 26,097.60.
A total of 4,131 stocks were traded on the BSE, with 109 stocks hitting 52-week highs while 124 touched 52-week lows. Additionally, 151 stocks were locked in the upper circuit while 165 hit the lower circuit.
Published on September 26, 2025
Companies to follow- Sun Pharmaceuticals Industries Ltd
- Mahindra & Mahindra Ltd
- Larsen & Toubro Ltd
- Hero MotoCorp Ltd
