Stock Market Today: These news will have an impact on the market today, take a look at them before taking any trade

Stock Market: In the previous trading session, weak global cues, foreign capital outflows, and visa-related concerns dampened investor sentiment. Indian markets fell for the fifth consecutive session.

Market views: Weak signals are visible for the Indian markets today. FIIs have sold around Rs 5000 crore in cash. Their short deals have also been increased in futures. 

There is a pressure of around 70 points in GIFT Nifty. Asia also looks weak. Meanwhile, there was profit booking in the US indices for the third consecutive day yesterday. 

Here we are releasing a list of today's important news running on all the news platforms which can affect the Indian and international markets.

Trump announces tariffs on pharmaceutical companies

Pharmaceutical companies have suffered a major setback. Trump has announced tariffs on pharmaceutical companies. Starting October 1st, a 100% tariff will be imposed on branded and patented drugs in the US. However, manufacturing in the US will not be taxed. Heavy-duty trucks will also face a 25% tariff.

Accenture's revenue growth and guidance for the fourth quarter were better than expected. Revenue grew 7% in Q4, driven by AI demand. New bookings also increased 6% to over $21 billion. However, margins slipped by nearly 2.75%. Infosys and Wipro's ADRs are trading 3% lower.

SC to hear Vodafone's plea today, Bhushan Power & Steel case also to be heard today

The Supreme Court will hear Vodafone Idea's AGR recalculation petition today. Additionally, a decision is also expected today on a petition challenging JSW Steel's resolution plan regarding Bhushan Power & Steel.

Mega Defence Deal worth Rs 62,000 Cr

The Indian Air Force has received a booster order for 97 Tejas fighter jets. A mega defense deal worth ₹62,000 crore has been finalized. The Defense Ministry has ordered HAL to manufacture the fighter jets. HAL's CMD has stated that 70% of the Tejas fighter jets will be indigenously manufactured.

FII Investment

Foreign institutional investors were net sellers yesterday, selling shares worth Rs 4,995 crore, while domestic institutions were net buyers, buying shares worth Rs 5,103 crore.

American market

The US stock market fell for the third consecutive session on Thursday. A sharp drop in unemployment claims and a significant change in the GDP growth rate have raised uncertainty about the timing of a potential interest rate cut by the Federal Reserve. 

The Dow Jones Industrial Average fell 0.4 percent yesterday, while the S&P 500 closed down nearly 0.5 percent. The Nasdaq Composite also closed down nearly 0.5 percent.

Asian markets

Asian stocks are also trading weak after Wall Street's record-breaking rally was halted by concerns about high valuations and mixed signals from Federal Reserve officials about interest rate cuts. The Nifty is trading down 76 points, or 0.30 percent, around 24,888.50.

Japan's Nikkei is showing a weakness of 0.61 percent. However, Straits Times is showing a slight increase of 0.09 percent. Hang Seng is showing a weakness of 0.67 percent. 

Meanwhile, Taiwan's market has fallen by 1.77 percent. Kospi has fallen by 2.57 percent. Shanghai Composite is also trading with a decline of 0.18 percent.

How was the market movement on September 25?

In the previous trading session, weak global cues, foreign capital outflows, and visa-related concerns dampened investor sentiment. Indian markets fell for the fifth consecutive session. 

The Sensex fell 555.95 points, while the Nifty 50 index fell 166.05 points to close below the psychological level of 25,000 at 24,890.85.

Weakness in Gifty Nifty

The Nifty is trading down 76 points, or 0.30%, at 24,888.50, indicating a bearish outlook for the market.