Sensex, Nifty tank nearly 1% on selling in pharma, IT shares after new Trump tariffs on drugs
Benchmark stock indices Sensex and Nifty fell nearly 1% on Friday, marking six consecutive days of decline. The BSE Sensex dropped 733.22 points to close at 80,426.46, driven by heavy selling in pharma and IT shares following U.S. President Donald Trump's announcement of 100% tariffs on pharmaceutical drugs starting next month. Investors are now assessing the impact on the Indian market.