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Indian Pharma Stocks Surge Amid Tariff Relief
- Shares of Indian pharmaceutical companies with significant US exposure surged 3%-13% after Trump refrained from imposing specific tariffs on the sector.
- Trump announced reciprocal tariffs on over 60 nations, but pharmaceuticals were excluded, providing relief to the sector.
- Analysts suggest the exclusion may be temporary, but it has brought positive sentiment to the market.
- India currently imposes a 10% tariff on US pharma imports, while the US imposes none on Indian imports.
- Stocks like Gland Pharma, Aurobindo Pharma, Dr. Reddy's, and Sun Pharma are in focus due to their significant US market exposure.
Source: Mint, News 18, Moneycontrol
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