Sensex And Nifty Extend Losses Amid Pharma Duty Hike

Sensex and Nifty declined nearly 1%, falling for the sixth consecutive day due to heavy selling in the pharma and IT sectors. The drop followed US President Donald Trump’s announcement of 100% import duties on pharmaceutical drugs starting next month. Sensex closed 733 points lower at a three-week low of 80,426.46.