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The Economic Times

Markets / The Economic Times

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Pharma, IT unable to gain from rupee fall, tariffs bigger worry

Indian IT and pharma stocks are not benefiting from a weaker rupee as expected. Tariff concerns are overshadowing currency gains. Investors are waiting for clarity on trade deals. Foreign investors have also been selling these stocks. Valuations remain a concern for pharma companies. Demand for IT services shows signs of improvement. Stock selection will be crucial for investors.

29 Jan 2026 5:30 am