Pharma Hit Hard: Indian pharmaceutical sector faces losses after Trump's tariff threat.

Indian stock market indices, BSE Sensex and Nifty50, plunged over 1% on Friday, triggered by US recession fears and new tariffs announced by American President Donald Trump. Trump intensified international trade tensions by implementing a universal 10% baseline tariff on U.S. imports. The pharmaceutical sector in India experienced significant losses after Trump indicated new sector-specific tariffs.