Sensex, Nifty End 7-Day Winning Streak as Pharma Stocks Slide on Tariff Concerns

Stock Market Update – March 26:

📉 Broader Market Weakness:
- Nifty Midcap 100: Down 0.2%
- Smallcap 100: Down 0.6%
🏦 Benchmark Indices Snap 7-Day Winning Streak:
- Nifty and Sensex both ended their 7-day rally after pharma stocks tumbled due to tariff concerns.
- Sensex: Down 183.23 points (-0.23%) at 77,833.96
- Nifty: Down 37.40 points (-0.16%) at 23,631.25
- Market Breadth: 1194 stocks advanced, 1853 declined, 134 unchanged.
💥 Sectoral Performance:
- Sharp declines in metal, PSU bank, and oil & gas stocks weighed on sentiment.
- IT sector remained resilient, helping markets extend the winning streak until the decline.
🇺🇸 US Market Sentiment:
- US consumer confidence hit a 4-year low in March, driven by fears of a recession and inflation due to tariffs.
🌏 Asian Market Trends:
- Modest gains as investors seek direction amid weaker US consumer confidence and a late rally in US equities.