Pharma sector: Midcap and smallcap shares continue in the market. In 6 business sessions, both index have lost about 10–10 percent. The smallcap index slipped 20 percent of the height. However, Sensex-Nifty’s attempt to recover today. On the other hand, the threat of US President Trump to impose tariffs is seeing a huge decline in pharma shares. The Nifty Pharma Index has slipped more than 2.5 per cent today. Granules have fallen by 6 per cent. Also, Sunforma, Lupin, Zidas have also fallen 3 to 4 percent. Meanwhile, Cio Prashant Jain of 3P Investment Managers has said that the US tariff will not have any significant impact on India.
What is the trump connection of pharma
Pharma shares are seeing a huge decline today. There is a trump connection of a decline in pharma shares. US President Donold Trump has threatened to put tariffs on imports in a major statement. He has said that American can also impose tariffs on pharma and steel products. Tariff is possible on computer chip and semiconductor. There will be no tariff on making chip in the US. Tariffs are possible up to 25, 50 or 100 percent on the chip to be imported. To avoid tariffs and taxes, production has to be done in the US itself. Trump has also asked to set up a plant in the US.
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How is pharma shares move
Due to this news, the Nifty Pharma Index has broken more than 2.5 percent today. Granules have fallen by 6 per cent. Also, Sunforma, Lupin, Zidas have also fallen 3 to 4 percent. Currently, the granules are seen by 26 points, or 4.77 per cent, to around Rs 518. Today’s day is 52.25 rupees. The opening of this stock was at Rs 549.50. At the same time, it was closing at Rs 544.60 yesterday. Sunforma’s stock is also seen around Rs 1695 with a weakness of Rs 92.55, or 5.18 per cent. Today’s day is Rs 1,693.10. Stock trading volume is around 2,878,735 shares.
Lupine is also trading around Rs 2020, falling by Rs 59.00, or 2.84 per cent, to around Rs 2020. Today’s lower day level is around Rs 1,998. Today it was opening at Rs 2,070. At the same time, yesterday it closed at Rs 2,079. Zydus LifesCiences is also trading around Rs. 906, a decline of Rs 15.80, or 1.71 per cent on NSE around 12.45 pm.