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Nifty Pharma declines 2% after Trump's 100% tariff on branded drugs
Business Standard
|September 27, 2025
The Nifty Pharma index ended 2.14 per cent lower on Friday after United States President Donald Trump announced a 100 per cent tariff on imports of branded and patented drugs effective October 1.
The index tracking domestic pharmaceutical stocks hit a low of 21,390 and then recouped some losses to end at 21,507. As many as 17 of its 20 constituents ended with losses. Among the top losers were Laurus Labs (down 7.2 per cent), Biocon (down 4.8 per cent), and Zydus Lifesciences (down 4.4 per cent).
The US is India's largest market for pharmaceutical exports, accounting for over a third of the total volume, mostly of cheaper generic drugs.
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