The global markets are trading on a lower note as US President Donald Trump signs orders for freshtariffs. The GIFT Nifty was trading 54 points or 0.22% lower at 24,905. Here are domestic as well as key global cues to watch before the market opens that include crude oil prices, FII and DII data, business groups that most affect, sectoral performance, etc.
Earlier on Thursday, the NSE Nifty 50 closed the session 166 points or 0.66% lower at 25,890, while the BSE Sensex fell 555 points or 0.68% to close at 81,160.
Key global and domestic cues to know on September 26, 2025
US announces tariffs on branded medicines
US President Donald Trump on Thursday announced tariffs of up to 100% on imports of branded and patented pharmaceutical medicines from October 1. “Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a company is building its pharmaceutical manufacturing plant in America,” said Trump in a post on Truth Social.
US markets
The futures contract tied to US benchmarks was hovering near the flatline ahead of crucial inflation data. Futures tied to the Dow Jones Industrial Average added 18 points, or 0.04%. S&P futures rose 0.06%, while the Nasdaq 100 futures ticked up 0.05%.
Asian Markets
The Asian markets were trading lower in the morning trade on Friday, tracking overnight gains on Wall Street. Plus, the investor sentiments spooked after the US President Donald Trump signed orders to levy tariffs on furniture, heavy trucks and pharmaceutical products. Japan’s Nikkei 225 fell 0.28%, while the Topix rose 0.39% to reach a fresh record high. South Korea’s Kospi declined 1.86%, leading losses in Asia, while the small-cap Kosdaq retreated 1.45%. Hong Kong’s Hang Seng index futures were at 26,372, lower than the HSI’s last close of 26,484.68.
US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading 0.03% lower at 98.42 on Friday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc. The rupee appreciated 0.03% to close at 88.67 to the dollar on September 25.
Crude oil
The crude oil prices traded on a higher note on Friday morning. WTI crude prices were trading at $65.17, up by 0.30%, while Brent crude prices were trading at $69.54, a rise of 0.18%.
FII, DII data
Foreign institutional investors (FII) were the net sellers of shares worth Rs 4,995.42 crore. On the other hand, the Domestic institutional investors (DII) were the net buyers of shares worth Rs 5,103.01 crore on September 25, 2025, according to the provisional data available on the NSE.
Gold rate today
The rate for 24-carat gold today is Rs 113,230 per 10 grams, trading at its all-time high. The safe haven’s price is trading above the Rs 1 lakh mark. The price of gold has risen by 11.4% over the past one month. The 22 kt gold rate today is Rs 103,794 per 10 grams. The 18-carat gold price today is Rs 84,923.
Top sectors in Thursday’s trade
The Metals – Non Ferrous sector’s stocks rose the most in Thursday’s weak trade, rising 1.9% in the market capitalisation. However, Paper stocks fell the most, declining 1.93%. It was followed by the Paints and Pigments sector. Retail and Plastic stocks also fell in the trade.
Best and worst performing business groups
The Nagarjuna Group’s market cap rose the most in Thursday’s session, rising 4.4%. The Vedanta Group followed it. Apart from that, the Hero Group’s market capitalisation surged the most, rising 1.4%. In the list of Hero Group stocks, Hero MotoCorp’s share increased 1.4%.