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### 💹 **Economy/Policy**
• **US Pharma Tariffs**: US tariffs on branded drugs expected to have minimal impact on Indian generic exports.
• **Forex Reserves**: India’s foreign exchange reserves rose by $396 million to $702 billion.
• * **Investment Policy**: Government proposes easing foreign investment rules, potential win for Amazon.
• **Battery Storage**: PM Modi laid the foundation for India’s largest 2,500 MWh battery storage project in Rajasthan.
• **Affordable Housing**: Maharashtra plans a ₹70,000 crore push to boost affordable housing by 2030.
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### 📈 **Equity Markets**
• **India**: Sensex fell 733 points (0.90%) to 80,246; Nifty dropped 236 points (0.95%) to 24,654.
• **US**: S&P 500 rose 0.6%, Dow increased 0.7%, Nasdaq up 0.4%.
• **Asia**: Mixed opening; China’s CSI300 down 1%, Hang Seng fell 1.4%.
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### 🏢 **Companies**
• **Pharma Sector**: Sun Pharma and Natco Pharma declined over 2% amid tariff concerns.
• **IT Sector**: Indian IT stocks fell 5.5% over four sessions following weak forecasts from global IT firms.
### 🌐 **Global/World**
• **US Tariffs & Trade**: US tariffs on drugs and heavy trucks affect global trade sentiment.
• **Market Sentiment**: Despite tariffs, US stocks rose as investors anticipate Federal Reserve rate cuts.
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