U.S. announcement of tariff rates on semiconductor, auto and pharma imports (nothing India specific in the lines yet)
Auto tariff rate will be around 25%
Indirect Impact-Negative for auto exporters mainly auto ancillaries-Bharat Forge , Sona BLW, SAMIL, GNA Axles, Sundarama Fasteneres (Serving to Europe also)
Pharma negative-DRL, Lupin, Aurobindo, Cipla, Zydus (have higher exposure in US generics exports)