SUNPHARMA

, Cipla, Lupin, Dr Reddy's shares price: Nifty Pharma index falls nearly 3% on Trump's 100% tariff

Pharma Tariff Impact On Stocks: Pharma stocks fell sharply on Friday (September 26) following Donald Trump's decision to impose 100 per cent tariffs on branded drugs. The Nifty Pharma index opened with a loss of 1.50 per cent at 21,623.95. A heavy selling in pharma stocks dragged the index to day's low at 21,390.25 -- down 587 points or 2.69 per cent intraday. Around 10:30 AM, the Nifty Pharma index was seen trading with a cut of 393 points or 179 per cent at 21,583. Out of 20 Nifty Pharma constituents, 18 stocks declined while only two advanced. Natco Pharma, Zydus Life, Biocon, Laurus Labs, Sun Pharma , Gland Pharma, Ajanta Pharma and Glenmark Pharmaceuticals fell in the range of 2 to 4 per cent. Divi's Lab, Mankind Pharma, Abbott India, Granules India and Lupin slipped more than 1 per cent each.