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Stock Market opens in red, courtesy pharma and auto stocks

The Nifty 50 fell 0.37% to 22,860.35 by 9:20 a.m. IST, while the BSE Sensex lost 0.39% to 75,669.22.

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The Nifty 50 fell 0.37% to 22,860.35 by 9:20 a.m. IST, while the BSE Sensex lost 0.39% to 75,669.22.The Nifty 50 fell 0.37% to 22,860.35 by 9:20 a.m. IST, while the BSE Sensex lost 0.39% to 75,669.22. (File Photo/Sankhadeep Banerjee)

Indian shares opened lower on Wednesday, with pharma and auto stocks leading the decline in broad-based selling after U.S. President Donald Trump’s tariff threats.

The Nifty 50 fell 0.37% to 22,860.35 by 9:20 a.m. IST, while the BSE Sensex lost 0.39% to 75,669.22.

Asian equities were mixed in early trading, with the MSCI Asia ex-Japan inching 0.2% lower after Trump said he would impose tariffs on auto, pharmaceuticals and semiconductor imports.

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The Nifty pharma index fell 3%, while the auto index declined 0.7%.

All 13 major sectors were trading in negative territory. The broader, more domestically focussed small- and mid-caps fell 0.4% and 0.7%, respectively.

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