Markets Dip on Tariff Fears, Earnings Watched

  Published 8 months ago

Domestic indices closed lower as U.S. tariffs hit sentiment; pharma stocks dragged, while strong IPO demand and auto sales stood out.

  • Sensex dropped 586 pts; Nifty below 24,600 as U.S. tariffs, Indian duty worries spooked investors amid earnings season.
  • Pharma index slumped over 3%, while broader markets underperformed; only the FMCG sector ended in green territory.
  • IPOs of NSDL, M&B Engineering, and Sri Lotus saw strong demand; auto sales boosted Eicher, TVS, and Bajaj Auto.

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