Of the total India exports to the US, worth $78 billion, the pharma sector accounted for 10.3 per cent.
Asian market investors were looking for cover as key benchmark indices in the region plummeted for a second straight day, fearing a global trade war in the aftermath of Trump’s tariffs, and a recession in the US due to higher inflation and slower growth.
Reliance Industries shares hold a weight of 11.25 per cent in the Sensex index, and accounted for roughly 50 per cent of today’s fall in the benchmark index.
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