New Delhi, April 1 -- Shares of Sigachi Industries gained on Tuesday, April, defying the weak stock market mood and reports of share pledge creation by a member belonging to the promoter group.

The BSE Smallcap stock opened at Rs.35.14, in line with its previous close of Rs.35.13, but soon extended gains to the day's high of 36.56, an upside of 4% over its previous closing price.

Despite the gains logged today, Sigachi Industries' share price traded 28% lower on a year-to-date (YTD) basis, highlighting the pressure in the pharmaceutical stocks amid fears of US President Donald Trump's tariff impact.

At 1 pm, Sigachi Industries' share price was trading 3.33% higher at Rs.36.30 even as the BSE barometer Sensex traded 1,300 points or 1.73...