Sun Pharma shares down by over 2%; US government issues official notice of imposing additional 25% tariff on Indian goods

Indian equity markets have started the day, today, 26^th August, 2025 in red. At 9:25 a.m. 26^th August, 2025, Nifty 50 is down by 157.25 points or 0.63%. Sensex is down by 537.86 points or 0.66%. Just 6 of the 50 stocks that make up Nifty 50 are in green at this time.

Top 3 gainers at this time are Nestle India, Bajaj Auto and Hindustan Unilever. Top 3 losers at this time are Sun Pharma, Adani Enterprises and Tata Steel. Sun Pharma’s share is down by 2.76% at this time. Market sentiments are down today after US government issued official notice yesterday, imposing additional 25% duties on Indian goods, from August 27^th. These additional duties are being imposed as penalty on India for buying Russian oil.

All the broad market indices in red at this time

All the broad market indices are in red at this time. The biggest loser at this time is the Nifty Small cap 50 index. It is down by 1.33% at this time. Among sectoral indices, Nifty Pharma index is the top loser at this time. It is down by 1.56% . Pharma companies are likely to be hit hard by the 50% Trump tariffs. They have huge exposure to the US market. US is the biggest market for the generic drug products of many Indian pharma companies.

Market breadth hugely negative; volatility jumps

Market breadth is hugely negative at this time. Just 480 stocks are advancing at NSE at this time. 1992 stocks are declining. Volatility has jumped sharply at this time. India VIX index is up by 4.82% . This indicates that markets expect volatility to increase significantly over the next 30 days.

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Source: NSE