Sensex falls over 400 points, Nifty slips below 24,150 amid crude surge, pharma stocks under pressure following Trump's tariff announcement

Mumbai [Maharashtra] (India), July 22 (ANI): Indian benchmark indices opened lower on Wednesday as surging crude oil prices amid escalating tensions between the US and Iran weighed on investor sentiment, while Indian pharmaceutical stocks came under pressure after US President Donald Trump announced plans to impose tariffs of up to 200 per cent on generic drug imports from 2028.