Stock Market LIVE Updates: Sensex, Nifty 50 open lower after Trump tariffs; pharma stocks surge
₹91,423 per 10 grams. As of 9.33 am, it was trading ₹600 or 0.66% higher at ₹91,328 on the MCX. The rally can be attributed to the risk off sentiment in the market following tariff announcements by US President Donald Trump's administration.
This sparked a demand for safe-haven assets like gold.Stock Market Today Live: Nifty Pharma index surged 4% on Thursday, defying the weak trend in the overall Indian stock market, as US President Donald Trump exempted pharmaceutical products from the list of imports hit by reciprocal tariffs.Gland Pharma and Aurobindo Pharma emerged as top gainers among pharma stocks, rallying 12% while blue-chips like DRL and Sun Pharma climbed 6% and 4%, respectively.India's benchmark indices opened lower after US President Donald Trump slapped a 26% reciprocal tariff on imports from the country. Analysts believe this could significantly impact the country's GDP.Against this backdrop, Sensex fell 445 points or 0.58% to 76,170 while Nifty 50 shed 116 points or 0.30% to 23,216.Stock Market Today Live: Asian markets traded sharply lower on Thursday after Trump’s announcement of reciprocal tariffs. MSCI's broadest index of Asia-Pacific shares outside Japan fell more than 1%.Japanese markets led losses in Asia, as the Nikkei share average plunged to an eight-month low.
The Nikkei index recouped some losses, and was down 3%. The Topix index was down 3.1%. Among Chinese markets, the CSI300 index fell 0.24%, while the Shanghai Composite Index declined 0.1%.
South Korea’s Kospi index dropped 1.57%, and the Kosdaq fell 0.55%. Hong Kong’s Hang Seng index declined 2%.Stock Market Today Live: The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading
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