If there is any movement in America or the American President announces something big, its immediate impact is seen on the Indian stock market. Something similar happened on Wednesday, when Donald Trump once again threatened and announced to explode the tariff bomb. This time his target was on the pharma sector and he talked about imposing 200% tariff on generic medicines. Then what happened was that fear became clearly visible in the Indian stock market and Sensex-Nifty crashed in no time. NSE Nifty suddenly slipped below the level of 24,000.
What did Trump do?
on tuesday donald trump made a post from his account on the social media platform Truth Social, which created a stir in the world. He announced that from August 1, zero tariff will be applicable on generic medicines imported into America for the next two years, but after the end of this timeline, 100% tariff will be applicable on these medicines for one year and up to 200% tariff after one year.
Sensex-Nifty disintegrated in no time
The direct impact of this announcement related to Trump’s tariff bomb burst was visible on the Indian market. on wednesday share market As soon as the trading started, BSE Sensex opened at 77,384 from the previous close of 77,470 and then after half an hour of trading it fell by more than 700 points to the level of 76,722.
Talking about NSE Nifty, it started slipping as the trading progressed in the market. This index of 50 shares fell compared to its previous closing of 24,187 and opened at 24,150 and then started falling rapidly. Till the time of writing the news, Nifty was seen trading at 23,973 after falling by more than 200 points.
These 10 shares fell the most
After Trump’s tariff threat, while all the shares of pharma companies were seen trading with a decline, while if we look at the decline in the stocks of other big companies, then IndiGo Share (3.50%), SBI Share (1.75%), Axis Bank Share (1.60%), Infosys Share (1.40%) included in the large cap category of BSE were trading with a decline.
Apart from this, decline was seen in Voltas Share (2.70%), Prasistent Share (2.60%), Hindustan Petroleum Share (2.10%) and Godrej Properties Share (2%) in the midcap category of BSE. Among smallcap companies, PGEL Share (5.50%) and Brigade Share (4%) were trading lower.
Big impact on Pharma Stocks
Meanwhile, the biggest impact of Trump’s warning was seen on the shares of pharma companies. Among these, shares like Lupine, Aurbindo Pharma and Gland Pharma were trading with a decline of 3 percent, while shares like Alkem, Zydus, Cipla, Glenmark, Mankind Pharma, Fortis Healthcare and Sunpharma were trading with a decline of 1.50 to 2 percent.
(Note- Before making any investment in the stock market, definitely take advice from your market experts.)
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Source: www.aajtak.in
