Auto stocks drop up to 4% on US tariff hike, export concerns rise
Nifty Auto index stocks, including Balkrishna Industries, Bharat Forge, Bajaj Auto, Tata Motors, and Motherson, fell up to 4% in Thursday’s trade after the Trump administration imposed a 26% blanket tariff on Indian imports. Analysts view this as a major setback for India’s export-driven sectors, particularly automobiles. The automobile sector, which contributes around 3% of…
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Navin Fluorine, SRF and other chemical stocks drop up to 6% after US tariff
Indian chemical stocks, including Navin Fluorine, PI Industries, UPL, and SRF, fell by up to 6% in Thursday’s trade after the Trump administration imposed a 26% blanket tariff on Indian imports. The chemicals sector is expected to face a negative impact, with Navin Fluorine (25% revenue exposure), PI Industries (20%), and SRF (7%) directly affected…
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