New Delhi, April 3 -- Shares of Sun Pharma will be in focus on Monday, April 6, following the announcement that pharmaceutical companies face 100% tariffs unless they lower prices or manufacture drugs within the US. Domestic equity markets remains closed on Friday, April 3, for Good Friday.

President Donald Trump enacted an executive order on Thursday, April 2, which places 100% tariffs on branded pharmaceuticals imported into the US unless manufacturers agree to government pricing agreements or commit to producing their products domestically.

Last year, the largest pharmaceutical companies reached agreements with the US government that exempted billions of dollars' worth of drugs from tariffs. Generic drugs are also exempt, but smaller...