Nifty fear gauge India VIX jumps 6% amid renewed trade tensions
India’s fear gauge, the Volatility Index (India VIX), surged over 6% to 21.68 on Wednesday, signalling rising investor anxiety amid a sharp selloff in global equities and renewed trade tensions. The spike in volatility comes as U.S. President Donald Trump vowed to impose “major tariffs” on pharmaceutical imports, sending Indian pharma stocks tumbling up to…
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Pharma stocks slide up to 7% as Trump hints at unprecedented tariffs on sector
Shares of Indian pharmaceutical companies, including Aurobindo Pharma, Laurus Labs, IPCA Laboratories, and Lupin, dropped as much as 7% on Friday after U.S. President Donald Trump signaled that tariffs on the sector were imminent. Speaking to reporters aboard Air Force One, Trump stated that his administration was evaluating potential tariffs on pharmaceuticals. “Pharma is going…
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