Hospital stocks tumble after SC flags cancer drug markups

The Supreme Court of India highlighted concerns over steep markups on cancer drugs imposed by hospitals in a landmark ruling. The court urged a probe into reports that patients are being directed to specific pharmacies for their medications.

Following the announcement, the BSE Hospitals Index declined sharply by 5%, with major players Apollo Hospitals and Fortis Healthcare experiencing notable losses. The ruling has raised questions about pricing practices and patient autonomy in the hospital pharmaceutical sector.