Equity Markets Trade Lower In Early Dragged By Pharma Stocks, Relentless Foreign Fund Outflows

ETV Bharat / business

Equity Markets Trade Lower In Early Dragged By Pharma Stocks, Relentless Foreign Fund Outflows

Sensex declined 329.66 points to 80,830.02 in early trade, while Nifty dropped 105.7 points to 24,785.15, dragged by pharma stocks and relentless foreign fund outflows.

Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Friday dragged by pharma stocks and relentless foreign fund outflows. US H-1B visa fee concerns and a weak trend in global markets also added to the bearish trend in domestic equities.

"Investor attention will squarely be on the domestic pharma sector after the Trump Administration announced a 100 per cent tariff on imports of branded or patented pharmaceutical products effective October 1. This tariff action comes clos