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Pharma shares fell up to 4 percent after US tariff reports., Nifty Pharma index dropped over 5 percent, all stocks in red., US may slap 100% tariffs on drugmakers lacking deals.

* Pharma shares fell up to 4 percent after US tariff reports.
* Nifty Pharma index dropped over 5 percent, all stocks in red.
* US may slap 100% tariffs on drugmakers lacking deals.

Pharma shares fell up to 4% after reports that the Trump administration may impose tariffs on drugmakers lacking agreements to lower US prices. The Nifty Pharma index dropped over 5%, with all constituents in the red amid tariff threats up to 100%.

shorts/business/sun-pharma-divi-s-lab-other-pharma-shares-fall-up-to-4-as-trump-may-impose-100-tariffs-on-global-drugmakers

Pharma shares declined up to 4 percent in Thursday’s trade after reports that the administration of US president Donald Trump may announce tariffs on drugmakers that have not entered into agreements to ensure lower prices in the United States.

Shares of Biocon, Sun Pharmaceutical Industries and Divi's Laboratories were among the major losers.

The Nifty Pharma index extended losses for the fourth consecutive session, falling more than 5 percent, with all its 20 constituents trading in the red.

In intraday trade, Biocon declined up to 4 percent. Ipca Laboratories fell 3.83 percent, while Torrent Pharmaceuticals dropped 3.67 percent.

Shares of Sun Pharmaceutical Industries were down over 3 percent, while Divi's Laboratories fell more than 2 percent.

According to reports, the US has been considering a 100 percent tariff on imported branded and patented medicines. Trump has for months indicated tariffs on pharmaceutical companies, ranging from 100 percent to 200 percent, aimed at pushing manufacturing back to the US and reducing drug prices.

Several global drugmakers, including Pfizer Inc. and Eli Lilly and Company, have entered into agreements with the White House, securing a three-year relief from such levies.

The proposed tariffs are linked to an investigation under Section 232 of the Trade Expansion Act. Companies without agreements or ongoing negotiations with the administration may face tariffs of up to 100 percent, according to sources.

The pharmaceutical sector had earlier been spared from global levies imposed in 2025 after the administration reached individual agreements with more than a dozen companies.

(With inputs from Bloomberg)

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Sun Pharma, Divi's Lab, other pharma shares fall up to 4% as Trump may impose 100% tariffs on global drugmakers

Hero MotoCorp share price shed more than 2 percent in the opening trade on April 2 despite the company announced better sales numbers for the month of March and acquiring stake in an associate company.

At 09:17am Hero MotoCorp was quoting at Rs 5,001.75, down Rs 122.40, or 2.39 percent, on the BSE.

The company has completed the acquisition of 2,68,219 Series E compulsorily convertible preference shares in Euler Motors for an aggregate consideration of ₹210 crore. Following the transaction, Hero MotoCorp holds a 36.67% stake in Euler Motors on a fully diluted basis.

Catch all the market action on our live blog

On the operational front, the company reported robust performance for March 2026, with dispatches rising 8.8% year-on-year to 5,98,198 units, compared to 5,49,604 units in the same period last year. Retail momentum remained strong, with VAHAN registrations at 5,42,436 units, marking a 24% growth.

Domestic sales stood at 5,52,505 units, while exports grew 15.62% year-on-year to 45,693 units. The export segment also recorded an all-time high growth of around 40% in FY26.

In the previous trading session, the stock closed at ₹5,124.15, up ₹63.80 or 1.26%. The stock has touched a 52-week high of ₹6,390 and a low of ₹3,322.60, and is currently trading 19.81% below its high and 54.22% above its low.

The company’s market capitalisation stands at ₹1.03 lakh crore.

Hero MotoCorp shares slip 2% despite strong March sales

Lupin share price slipped 2.5 percent in the opening trade on April 2 after the company announced that its subsidiary will acquire a minority stake in Multicare Pharmaceuticals Philippines, Inc. (MPPI).

At 09:18am, Lupin was quoting at Rs 2,216.20, down Rs 57.40, or 2.52 percent, on the BSE.

In an exchange filing, the company said its wholly owned subsidiary, Nanomi B.V., Netherlands, has entered into definitive agreements to acquire 11,794,497 shares—representing a 43.38% stake—in MPPI from existing shareholders. The acquisition, valued at up to $39.6 million, is expected to be completed by the end of May 2026, subject to closing conditions.

In a separate development, the company informed that Nanomi has completed the full acquisition of VISUfarma B.V., Netherlands. Consequently, VISUfarma and its subsidiaries have become wholly owned subsidiaries of Nanomi effective April 1, 2026.

Catch all the market action on our live blog

Last month, Lupin received tentative approvals from the US Food and Drug Administration (USFDA) for Sugammadex Injection and Pitolisant Tablets, strengthening its pipeline. The Pitolisant tablets will be manufactured at the company’s Nagpur facility.

In the previous trading session, the stock closed at ₹2,273.60, down ₹39.10 or 1.69%. The stock has touched a 52-week high of ₹2,376 and a low of ₹1,774. It is currently trading 4.31% below its 52-week high and 28.16% above its 52-week low.

The company’s market capitalisation stands at ₹1.04 lakh crore

Lupin shares down 2% as arm to acquire 43.38% stake in Multicare Pharma

Stocks in Focus, April 2: Tamilnad Mercantile Bank, V-Mart Retail, Hero MotoCorp, TVS Motor, Ola Electric Mobility, Bharti Airtel, Vodafone Idea, Prestige Estates Projects Powerica, Sai Parenterals, Amir Chand Jagdish Kumar (Exports)

* Stocks in Focus, April 2: Tamilnad Mercantile Bank, V-Mart Retail, Hero MotoCorp, TVS Motor, Ola Electric Mobility, Bharti Airtel, Vodafone Idea, Prestige Estates Projects Powerica, Sai Parenterals, Amir Chand Jagdish Kumar (Exports)

shorts/business/stocks-to-watch-today-powerica-sai-parenterals-prestige-estates-nmdc-ola-electric-hero-moto-v-mart-tamilnad-mercantile-bank-vodafone-in-focus-on-02-april

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, acquisitions, appointments, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

Quarterly and Yearly Business Update

South Indian Bank Q4 (YoY)

Gross advances grow 15.66% to Rs 1.01 lakh crore Vs Rs 87,579 crore

Total deposit soars 14.71% to Rs 1.23 lakh crore Vs Rs 1.07 lakh crore

CASA ratio rises 75 bps to 32.12% Vs 31.37%

CASA increases 17.47% to Rs 39,621 crore Vs Rs 33,730 crore

Indian Bank Q4 (YoY)

Total business jumps 13.1% to Rs 14.98 lakh crore Vs Rs 13.25 lakh crore

Gross advances soar 13.6% to Rs 6.68 lakh crore Vs Rs 5.88 lakh crore

Total deposits zoom 12.6% to Rs 8.30 lakh crore Vs Rs 7.37 lakh crore

CASA ratio falls to 39.86% Vs 40.17%

Karnataka Bank Q4 (YoY)

Total deposits rise 3.8% to Rs 1.08 lakh crore Vs Rs 1.04 lakh crore

Gross advances jump 6.9% to Rs 83,337 crore Vs Rs 77,959 crore

Share of CASA to total deposits increase 190 bps to 33.65% Vs 31.75%

CASA soars 10% to Rs 36,621.16 crore Vs Rs 33,281 crore

Tamilnad Mercantile Bank Q4 (YoY)

Total business grows 17.37% to Rs 1.15 lakh crore Vs Rs 98,055 crore

Advances surge 20.32% to Rs 53,380 crore Vs Rs 44,366 crore

Total deposits jump 14.94% to Rs 61,712 crore Vs Rs 53,689 crore

CASA zooms 22.35% to Rs 17,365 crore Vs Rs 14,193 crore

V-Mart Retail Q4 (YoY)

Total revenue grows 24% to Rs 971 crore Vs Rs 780 crore

Same store sales growth at 12%

Company opened 29 stores, shut 6 stores

Bansal Wire Industries Q4 (YoY)

Total sales volume soars 20.26% to 1.17 lakh MT Vs 97,821 MT

Indian Oil Corporation FY26 (YoY)

Crude throughput of 75.4 MMT, with operational reliability of 99.5%

Sales volume of petroleum products grows 4% to 104.4 MMT Vs 100.3 MMT

Lubes business sales volume rises 15% to 855 MMT

Petrochemicals production volume at 3.4 MMT

Petrochemicals sales volume at 3.22 MMT

Auto Sales Update

Hero MotoCorp (March YoY)

Total sales volume grows 8.8% to 5.98 lakh units Vs 5.49 lakh units

Domestic sales volume rises 8.3% to 5.52 lakh units Vs 5.1 lakh units

Exports jump 15.6% to 45,693 units Vs 39,518 units

Force Motors (March YoY)

Total sales volume grows 13.49% to 4,199 units Vs 3,700 units

Domestic sales volume increases 14.42% to 4,126 units Vs 3,606 units

Exports fall 22.3% to 73 units Vs 94 units

TVS Motor Company (March YoY)

Total sales soar 25% to 5.19 lakh units Vs 4.14 lakh units

Two-wheeler sales grow 25% to 4.98 lakh units Vs 4 lakh units

Electric vehicle sales increase 44% to 38,877 units Vs 26,935 units

Exports zoom 25% to 1.41 lakh units Vs 1.13 lakh units

Three-wheeler sales zoom 46% to 21,224 units Vs 14,567 units

Ola Electric Mobility (March MoM)

Registrations jump 150% to 10,117 units Vs 3,973 units

Monthly Business Update

NMDC (March YoY)

Total iron ore production zooms 50.7% to 5.35 MT Vs 3.55 MT

Total sales grow 40.1% to 5.90 MT Vs 4.21 MT

Mobile Subscribers Addition (February MoM)

Reliance Jio adds 16.24 lakh subscribers Vs 24.37 lakh subscribers

Bharti Airtel adds 48.57 lakh users Vs 44.06 lakh users

Vodafone Idea adds 21,927 subscribers Vs loss of 4.11 lakh users

Stocks to Watch

Wipro

Nagendra Bandaru, who is currently the President and Managing Partner of Technology Services Global Business Lines (GBLs), has been appointed as the Chief Executive Officer of the AI-Native Business &amp;amp; Platforms unit and will continue as a Senior Managerial Personnel (SMP) of the company.

Kanwar Singh will now take over as President and Managing Partner of Technology Services GBLs and will be an SMP of the company.

Suzanne Dann will step down as Chief Executive Officer of the Americas-2 Strategic Market unit to pursue opportunities outside Wipro.

Additionally, the company has launched an AI-Native Business &amp;amp; Platforms unit to complement its services business. The unit will accelerate the development of enterprise-grade agentic AI solutions and enhance outcome-based value creation.

MM Forgings

R. Venkatakrishnan has resigned from the position of Chief Financial Officer (CFO) due to age and health reasons, effective April 1.

Glenmark Pharmaceuticals

Glenmark Pharmaceuticals Inc., USA, has announced that it will manage the end-to-end commercialization and distribution of Ryaltris (Olopatadine Hydrochloride and Mometasone Furoate) Nasal Spray, 665 mcg/25 mcg, in the United States, effective April 1.

Ryaltris was launched in the United States in 2022 and is used for the treatment of symptoms associated with Seasonal Allergic Rhinitis (SAR) in adults and pediatric patients aged 12 years and above.

Prestige Estates Projects

The company has secured a prime land parcel in Sector 92, Gurugram, and entered into a Joint Development Agreement (JDA) for a 17.212-acre land parcel.

The proposed development is expected to have a saleable area of approximately 3 million square feet, with an estimated Gross Development Value (GDV) of around Rs 4,200 crore.

Lupin

The company’s subsidiary, Nanomi BV, Netherlands, has entered into definitive agreements to acquire a 43.38% stake in Multicare Pharmaceuticals Philippines, Inc. (MPPI), a subsidiary of Nanomi, for $39.6 million.

The transaction is expected to be completed by May 2026.

Varun Beverages

The Board has fixed April 8 as the record date for determining the eligibility of equity shareholders to receive a final dividend of Rs 0.50 per share for the financial year ended December 2025.

SBI Cards and Payment Services

Amit Batra has been appointed as EVP &amp;amp; Chief Strategy Officer of the company, effective July 1, 2026.

Hero MotoCorp

The company has completed the acquisition of 2,68,219 Series E cumulative compulsorily convertible preference shares in Euler Motors for Rs 210 crore.

Following this acquisition, the company now holds a 36.67% stake.

InterGlobe Aviation

The company revised fuel charges on domestic and international routes for all new bookings, effective April 2.

The domestic fuel surcharge has been revised to a range of Rs 275–Rs 950 based on distance slabs, while international routes have seen steeper hikes.

Bulk and Block Deals

Bharti Airtel

BNP Paribas Financial Markets has purchased 5.4 lakh shares (0.008% stake) in Bharti Airtel from BofA Securities Europe SA. The shares were exchanged at a price of Rs 1,782, valuing the transaction at Rs 96.22 crore.

TIL - RE

Life Insurance Corporation of India has sold 66,651 rights shares of TIL Ltd at Rs 2.8 per share.

Mainboard Listing

Powerica
Sai Parenteral's
Amir Chand Jagdish Kumar (Exports)

SME Listing

Highness Microelectronics

Stocks Trade Ex-Dividend

Aster DM Healthcare
Chennai Petroleum Corporation
CRISIL
Indian Renewable Energy Development Agency
Sundaram-Clayton
TVS Holdings

Stock Trades Ex-Date for Bonus

B2B Software Technologies

Stock Trades Ex-Date for Split and Bonus

R&amp;amp;B Denims

Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Stocks to Watch Today: Powerica, Sai Parenterals, Prestige Estates, NMDC, Ola Electric, Hero Moto, V-Mart, Tamilnad Mercantile Bank Vodafone in focus on 02 April

BNP Paribas Financial Markets buys 5.4 lakh shares in Bharti Airtel from BofA Securities Europe SA, Life Insurance Corporation of India sells 66,651 rights shares of TIL at Rs 2.8 per share

* BNP Paribas Financial Markets buys 5.4 lakh shares in Bharti Airtel from BofA Securities Europe SA
* Life Insurance Corporation of India sells 66,651 rights shares of TIL at Rs 2.8 per share

shorts/business/bnp-paribas-financial-markets-buys-over-rs-96-crore-worth-shares-in-bharti-airtel

BNP Paribas Financial Markets, a part of European bank BNP Paribas SA, has acquired more than 96 crore worth shares in telecom operator Bharti Airtel via open market transaction on April 1.

Bharti Airtel shares finished the first session of the new financial year at Rs 1,782 on the BSE, falling 0.13 percent. The stock remains below all key moving averages but taking support at Rs 1,770 since the mid of March and consolidating with 100 rupees range.

As per the block deals data on Wednesday, BNP Paribas Financial Markets has bought 5.4 lakh shares (equivalent to 0.008 percent of paid-up equity) from BofA Securities Europe SA.

The 5.4 lakh shares were exchanged at a price of Rs 1,782, valuing at Rs 96.22 crore.

Meanwhile, Life Insurance Corporation of India sold 66,651 rights shares of TIL Ltd at Rs 2.8 per share. The rights shares rallied to Rs 2.8 on Wednesday, up 40 percent from previous close of Rs 2 on the BSE.

TIL launched its rights issue to raise Rs 199.5 crore via 1.2 crore partly paid-up equity shares at a price of Rs 165 per share. The rights issue opened on March 30 and close on April 8, 2026.

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Stock News

Sun Pharma, Divi's Lab, other pharma shares fall up to 4% as Trump may impose 100% tariffs on global drugmakers

Hero MotoCorp shares slip 2% despite strong March sales

Lupin shares down 2% as arm to acquire 43.38% stake in Multicare Pharma

Stocks to Watch Today: Powerica, Sai Parenterals, Prestige Estates, NMDC, Ola Electric, Hero Moto, V-Mart, Tamilnad Mercantile Bank Vodafone in focus on 02 April

BNP Paribas Financial Markets buys over Rs 96 crore worth shares in Bharti Airtel

Auto Ancillary Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Auto Ancillary industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-undefined

Stock News

Sun Pharma, Divi's Lab, other pharma shares fall up to 4% as Trump may impose 100% tariffs on global drugmakers

Hero MotoCorp shares slip 2% despite strong March sales

Lupin shares down 2% as arm to acquire 43.38% stake in Multicare Pharma

Stocks to Watch Today: Powerica, Sai Parenterals, Prestige Estates, NMDC, Ola Electric, Hero Moto, V-Mart, Tamilnad Mercantile Bank Vodafone in focus on 02 April

BNP Paribas Financial Markets buys over Rs 96 crore worth shares in Bharti Airtel

Auto Ancillary Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Auto Ancillary industry stocks.