Sensex and Nifty plummet nearly 1% due to Trump's 100% duties on pharmaceutical drugs, dragging IT and pharma shares.

The 100% duties apply to "any branded or patented Pharmaceutical Product" except for companies that build manufacturing plants in the U.S., Trump said Friday.

Sensex and Nifty plummet nearly 1% due to Trump's 100% duties on pharmaceutical drugs, dragging IT and pharma shares.