Tariff Jitters Hit Pharma and Consumer Stocks, Sensex Falls 400 Points, Nifty Below 24,800
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Summary: The Nifty went below 24,800, the Sensex fell 400 points, while Sun Pharma and Titan plunged considerably.
The markets opened on Friday under pressure, with the Sensex sliding more than 400 points and the Nifty dipping below the 24,800 mark. The mood turned sour after fresh U.S. tariff reports discouraged investor confidence, especially in the Indian pharma and consumer sectors.
Leading the fall were stocks like Sun Pharma and Titan, each skidding up to 4 %, as investors reacted sharply to the U.S. move imposing 100 % tariffs on branded drug imports. Many are surprised by the prices, which are heightening the market fear even further.
Foreign institutional investors (FIIs) continued their selling spree, adding downward pressure. The rupee, crude oil prices, and weak global signals all made traders even more cautious. Meanwhile, all major sectoral indices traded in red in early trade.
At this juncture, technical analysts are watching support zones near 24,800–24,900 closely. A break below could deepen losses, but any relief from global markets or tariff moderation could bring a rebound.
For now, investors are being cautious. Many people seek more clarity on trade policy and macroeconomic indicators before making decisions.
