Stock Market LIVE Updates: Nifty above 24,700, Sensex up 220 pts; auto, oil & gas, metals shine

Bears’ dominance continued for sixth consecutive session, dragging Nifty below 24,650, intraday, on September 26 amid selling seen across the sectors. especially the pharma names post Trump’s 100% tariff on imports of branded or patented pharmaceutical products. IT stocks also plunged on weak growth outlook from Accenture.

The market has registered the longest losing streak in last 7 months, with Nifty breaching 24,700 for the first time since September 2, while BSE Sensex also broke 81,000 level for the first time since September 8.

At close, the Sensex was down 733.22 points or 0.90 percent at 80,426.46, and the Nifty was down 236.15 points or 0.95 percent at 24,654.70.

Broader indices underperformed the main indices with BSE midcap and smallcap indices shed 2% each.

For the week, BSE Sensex and Nifty slipped 2.6 percent each.

IndusInd Bank, Sun Pharma, M&M, Eternal, Tata Steel were among biggest losers on the Nifty, while gainers included L&T, Tata Motors, Eicher Motors, Reliance Industries, ITC.

All the sectoral indices ended in the red with bank, capital goods, consumer durables, metal, IT, telecom, pharma, PSU Bank down 1-2 percent.