Indian drug shares declined Wednesday following US President Trump’s tariff announcement. These proposed tariffs will significantly impact companies with substantial US revenue exposure. Analysts suggest investors should now focus on domestically oriented Indian pharmaceutical firms. The Nifty Pharma index saw a notable decrease, while the benchmark Nifty 50 also fell. Negotiations are expected given India’s vital role in supplying affordable medicines to the US.
Sensex drops over 300 points, Nifty below 23,950 as market falls for 4th day on rising Iran-US tensions. What’s ahead?
Indian stock markets extended losses for a fourth session on Thursday. Sensex and Nifty declined as oil prices surged following US strikes on Iran. Broader