Nifty Pharma index slipped 4.2 per cent, logging an intra-day low at 20,521.70. The fall came amid reports that US President Donald Trump is looking for possible tariffs on pharmaceutical goods.

Around 10:01 AM, all 20 Nifty Pharma constituents traded in the red. Among others, Aurobindo Pharma was down 6.25 per cent, Ipca Laboratories slipped 5.59 per cent, Lupin 5.35 per cent, Laurus Labs and Biocon were down 5.05 per cent each.

Rajya Sabha MP Abhishek Manu Singhvi on Friday said that if the Waqf Amendment Bill 2025 is challenged, the judiciary may declare it "unconstitutional."

"They have misused the majority and the bill has been imposed. If the bill is challenged, there is a big chance that the judiciary will declare it unconstitutional," Abhishek Manu Singhvi said.

Veteran actor and filmmaker Manoj Kumar died on Friday at Mumbai’s Kokilaben Dhirubhai Ambani Hospital. He was 87.

News reports state that he died due to cardiogenic shock caused by an acute myocardial infarction. Kumar had also been battling decompensated liver cirrhosis for several months, which had significantly impacted his health. He was admitted to the hospital on 21 February following a deterioration in his condition, news agency ANI reported.

Delhi residents woke up to clear skies and pleasant weather on Friday morning as summer officially begins in India. The national capital recorded its highest temperature of the season so far at 39 degrees Celsius on April 4, five notches above normal, according to Indian Meteorological Department (IMD). The second-highest temperature was noted on March 26, when the mercury reached 38.9 degrees Celsius, according to the data from the weather department.

India's central bank will cut rates three more times this year by 75 basis points as the economy's growth outlook worsens due to import tariffs imposed by the United States, according to Citibank economists.

Citibank's latest forecast means it expects a total of 100 basis points in rate cuts for the year, in line with those predicted by JPMorgan and Nomura.

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