Textile and pharma stocks slumped after Trump signaled 25% tariffs on Indian exports.
Gokaldas Exports crashed nearly 16% in 5 days amid rising U.S. exposure fears.
Vardhman Textiles and Welspun Living saw sharp losses on tariff shock concerns
.
Aurobindo Pharma dropped 6.8% despite a temporary exemption from new U.S. dutie
s.
Lupin and Sun Pharma also fell, with over 30% of revenues tied to the U.S.
Traders worry U.S. could impose duties up to 250% on key pharma items soon
.
Textiles were hit harder as no exemptions have been granted for garment exp
orts.
Govt is working on diversifying export markets to reduce U.S. dependency risks.
Analysts advised caution in export-heavy stocks and favored domestic demand-led
companies.
Nifty Midcap and Smallcap indices dipped as tariff-hit sectors dragged broader markets.