US exempts pharmaceuticals from tariffs on Indian imports, boosting pharma stocks.

US President Donald Trump's administration has exempted pharmaceutical products from new reciprocal tariffs, leading to a surge in Indian pharma stocks. Companies like Aurobindo Pharma, Dr. Reddy's, and Sun Pharma gained significantly as the US is a major market for their exports. This exemption is seen as a positive move for the industry, which supplies over 45% of generic drugs to the US. However, broader markets faced volatility due to the 26% tariffs imposed on other Indian imports.

4 days ago
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