Indian drugmakers fall after Trump signals 'major' pharma tariffs

Ipca Laboratories

09/04/2025 05:32

** Pharmaceutical stocks slide 1.8% after U.S. President Donald Trump signals "major" tariff on pharma imports soon

** Nifty Pharma .NIPHARM index down 6.3% since April 4 when Trump first threatened the duties, ending the sector's brief reprieve

** According to Trump, the pharma duty will incentivise drug cos to move operations to the U.S.

** NIPHARM's all 20 constituents in the red; Gland Pharma GLAD.NS, Dr Reddy's Laboratories REDY.NS, Lupin LUPN.NS, IPCA Laboratories IPCA.NS lose between 2%-4.3%

** Sub-index extends YTD losses to 14.4% vs Nifty 50's .NSEI 5.1% fall

 (Reporting by Aleef Jahan in Bengaluru)

 ((aleefjahan.cs@thomsonreuters.com))