Indian stock markets, logic defied logic after Trump’s rate announcements on 3 April, but fell in line with global trends the next day. While the headline index deleted the impact, the central cap and small caps indices carried the victims. Pharma was confronted with mixed fortunes with a marginal reliefally followed by a collapse. Other sectors that were affected are gems, automatic components and even IT services. Now that the European and American markets continue to tumble after the Indian market on Friday, Trump’s rates can have a longer and blooder tail.
Wider indices
The initial sober response made way for a strong correction on Friday when Pharma closed at the list of sectors with which possible rates were confronted. The decline is still muted compared to the worldwide decrease of 5-8 percent, which can be attributed to lower exposure to the US in the wider economy.
Pharma not spared
Pharma initially drove the assistance when it was exempt from rates. The next day, Trump announced ‘higher than seeing before rates’ for the pharmaceutical, who eroded the win of the previous day more than the previous day. However, the domestic companies focused on both days have been won.
Jewelers hit hard
The precious stones and the jeweler industry of 26 percent rate will be to a disadvantage for competitors from Turkiye and the VAE, with which 10 percent are confronted. Even shares such as Kalyan Jewelers, who have no important American exposure, have been affected.
It was needed a surprise hit
IT Services was from the discussion about freight rates, but came straight in spotlights. The risk of slowing down the economic activity in the US and Europe, the two large markets in the sector, had influenced this.
Car -components continue to fall
Auto Oem’s low exposure to the US protected them, but car component players were caught in the crossfire because they have a considerable global exposure in their income, including the US.
Published April 5, 2025
