📉 Market Performance

• Sensex ended down by about 733 points.
• Nifty 50 closed below the 24,700 level.
• Selling pressure was broad-based, especially in pharma and IT stocks.

🔑 Key Reasons for the Fall

1. US Pharma Tariffs – New import duties on branded and patented drugs hurt investor sentiment in Indian pharmaceutical exporters.
2. Higher H-1B Visa Fees – IT companies faced selling pressure due to increased costs for staffing models in the US.
3. Foreign Institutional Outflows – Continued selling by overseas investors added to the weakness.
4. Global Cues – Global markets showed risk aversion amid trade policy concerns.
5. Rupee Weakness – The falling rupee added to market stress, especially for companies dependent on imports or overseas funding.