Market News
4 min read | Updated on April 03, 2025, 13:33 IST
SUMMARY
Stock market today: Lupin shares rallied as much as 6.9% to ₹2149.20 apiece on the BSE after the company's wholly-owned subsidiary Lupin Healthcare (UK) Ltd acquired UK-based Renascience Pharma Ltd, which is the sole supplier of four speciality products targeting unmet medical needs in the United Kingdom.
Stock list
Around 01:16 PM, the S&P BSE SENSEX was trading at 76,316.65, down 300.79 points, or 0.39%. | Image: Shutterstock
Around 01:16 PM, the S&P BSE SENSEX was trading at 76,316.65, down 300.79 points, or 0.39%, while the NSE's NIFTY50 index was trading at 23,262.85, down 69.50 points, or 0.3%.
The list includes copper, pharmaceuticals, semiconductors, lumber articles, gold, energy, and other certain minerals.
The NIFTY PHARMA index jumped as much as 4.54% to 21,904.15 levels.
"100% of the shareholding of Renascience Pharma Limited (RPL) has been acquired by Lupin Healthcare (UK) Limited, a UK wholly owned subsidiary of the company, thereby making RPL its wholly owned subsidiary," the regulatory filing said.
Last seen, the stock was trading 3.9% higher at ₹2,087.50 on the BSE.
These companies have strong export exposure to the US, with a significant portion of their revenue being driven by the American market.
Avanti Feeds crashed as much as 19% to ₹720 apiece on the BSE, while Apex Frozen Foods declined up to 7.7% to ₹199.25.
Persistent Systems (down 10%) was the biggest loser on the index. The next on the list were Coforge (down over 7%) and KPIT Tech (down 7%).
Gokaldas Exports, Vardhman Textiles and other textile stocks: Shares of domestic garment exporters such as Gokaldas Exports, Vardhman Textiles, KPR Mill, Trident, Arvind, Indo Count, Kitex Garments, S P Apparels, Century Enka, Sportking India, Nahar Spinning and Nandan Denim rose to 9% on Thursday after US President Donald Trump announced comparatively lower tariffs on Indian imports to the US.
Trump announced a 26% "discounted reciprocal tariff" on India, which was sharply lower than India's competing textile-exporting nations like China, Vietnam, Cambodia, Bangladesh, Sri Lanka, and Thailand.
According to news reports, Jefferies, an investment bank, expects the Indian chemical sector, particularly speciality chemicals, to face negative impacts from the US tariffs. Navin Fluorine, per reports, has a 25% revenue exposure to the US market.
About The Author
Next Story