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Pharma and IT stocks faced heavy pressure after Trumps 100% tariff and H-1B visa fee hike, dragging Nifty lower. Laurus Labs showed a topping pattern while Wockhardt stayed in consolidation. Nifty IT broke support, hinting further downside. Analysts suggest cautious trading, with Tata Motors and VTL offering potential bullish setups.
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Ministers hope the loan, from a commercial bank and underwritten by the government, will give certainty to suppliers.
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American soybean farmers are worried as China has in effect boycotted their crops to retaliate for the high tariffs President Trump has imposed on Chinese goods.
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