The Indian stock market experienced a significant decline today, with the Sensex falling by more than 700 points and the Nifty index dropping below the 24,000 mark. The downturn was driven by broad-based selling pressure across the exchanges.
The market slide was largely attributed to the performance of pharmaceutical stocks, which acted as a primary drag on indices. This decline followed an announcement by Donald Trump regarding a new phased tariff framework for imported generic medicines. The policy introduces a two-year transition period for drugmakers before higher duties on these imports officially come into force.
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