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

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

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