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The latest Trend Tracker shows Nifty falling 2.7% due to visa fee hikes and pharma sector tariffs, settling below 24,700. Analysts expect weak sentiment with stock-specific action. ETMarkets lists five picks Hindustan Copper, NLC India, Usha Martin, Jindal Saw, Capri Global Capital offering up to 28% upside in the near term.
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Sun Pharma faces potential impact from the US 100% tariff on patented drugs, which could reduce FY2627 earnings by 810%. Generic drugs remain exempt. The companys innovative portfolio, strong cash position, and mitigation options support steady revenue growth, maintaining HSBCs Buy rating with Rs 1,850 target.
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Spirit maker Alcobrew Distilleries India Ltd has filed draft papers with capital markets regulator Sebi to seek its approval to raise funds through an initial public offering (IPO).
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