Top gainer: Tata Consumer 1,087 ▲ 16 (+1.49%)
Top loser: Tata Steel 141 ▼12 (-7.97%)
Shares of pharma companies came under heavy selling pressure on Friday
A day after witnessing healthy buying, shares of pharma companies came under heavy selling pressure on Friday, April 4, amid reports that the Trump administration will soon announce tariffs on pharma imports and emphasised that the measures will be “unprecedented”. The NIFTY PHARMA index was trading nearly 4% lower at 20,574.35 levels. US President Trump has said that tariffs on pharmaceuticals and semiconductors will be announced shortly, emphasising that the measures on pharmaceutical imports will be unprecedented.
Metal stocks witnessed heavy selling pressure amid growth concerns
Metal stocks witnessed heavy selling pressure amid growth concerns following the imposition of reciprocal tariffs by the US. The NIFTY METAL index was trading over 5.3% lower at 8,524.40 levels. The top losers were Vedanta (down over 7.6%), NALCO, and Hindustan Copper (down over 7%).
Shares of IT stocks continued their slide on Thursday
Shares of IT stocks continued their slide on Thursday. The NIFTY IT index was trading 3% lower at 33,709.20 levels. All 10 constituents were trading lower. Coforge was down over 6%, while Persistent Systems was trading 5.68% lower.