📊 Indian Market Morning Update (26 Sept 2025)

• Nifty 50 closed yesterday at 24,890.85 (-0.66%).
• Sensex ended at 81,159.68 (-0.68%).
• GIFT Nifty indicates a soft opening with negative bias.
• Market sentiment is cautious after the U.S. imposed 100% tariffs on branded drugs, putting pressure on pharma stocks.
• FIIs continue to remain net sellers, adding to the cautious tone.

🌍 Global Cues

• Asian markets are trading weak following U.S. tariff announcements on drugs, trucks, and furniture.
• Wall Street saw its third straight day of losses; investors are nervous about delays in potential Fed rate cuts.
• Focus today will be on U.S. PCE inflation data, which could shape Fed’s next move.
• Gold is gaining as investors look for safe-haven assets.

✅ Overall outlook: Cautious start expected for Indian equities with focus on pharma, IT, and banking stocks.