New Delhi, April 4 -- Nifty Pharma dropped 6% during Friday's session following comments from US President Donald Trump, who indicated that the pharmaceutical sector is being categorized separately and that he would be revealing pharmaceutical tariffs in the near future.

According to media reports, Trump, while talking to journalists aboard Air Force One, mentioned that pharma tariffs will be set at unprecedented levels. We are considering pharmaceuticals as an individual category. An announcement regarding this will be made in the near future, not too far off. It is currently under examination.

As a result, pharma stocks have relinquished all the profits they achieved on Thursday. Indian pharma companies experienced a rise on Thursday,...