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The Nifty Pharma index dropped sharply by 2.42 per cent, touching an intraday low of 21,445.50. Sun Pharma slipped 4.87 per cent to a new 52-week low of Rs. 1,548, while Gland Pharma fell 4.70 per cent to Rs. 1,880. Biocon was down 3.68 per cent at Rs. 342.85. Other leading pharmaceutical companies, including Laurus Labs, Ipca Labs, Divis, Zydus Life, Alkem Labs, Cipla, Ajanta Pharma, Dr Reddy’s, Torrent Pharma, Abbott India, and Glenmark, also ended lower in the range of 0.8 to 3.2 per cent.

United States President Donald Trump announced on Friday that his administration will impose a 100 per cent tariff on branded and patented pharmaceutical products beginning October 1, 2025, unless the manufacturing companies establish production facilities in the United States.

Ajay Ba

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