Benchmark indices fell sharply on Friday, dragged down by losses in pharma and IT shares, extending their losing streak to a sixth straight session. The Sensex dropped 733.22 points, or 0.90%, to close at 80,426.46, while the Nifty declined 236.15 points, or 0.95%, to end at 24,654.70.

Over the past six sessions, the Sensex has plunged 2,587.50 points (3.12%), and the Nifty has slipped 768.90 points (3.02%), wiping out ₹15.2 lakh crore in investor wealth, including ₹4.51 lakh crore on Friday alone.

Trade tensions batter Pharma and IT Majors

Pharma shares bore the brunt of the selling after US President Donald Trump announced 100% tariffs on patented drugs unless manufacturers set up production plants in the US. The Nifty Pharma index slumped 2.14%, making it the third-worst perfor

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