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Indian export-oriented stocks fell sharply after Trump announced a 50% tariff on Indian goods like textiles, jewellery, shrimp, and chemicals. Analysts warn of sector-specific pain and stalling investments as trade tensions rise.
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News and Media
NSDL shares jumped 6.6% to 997.65 on Thursday, extending their post-listing rally to 13.4% from the opening price of 880. Listed a day earlier at a 10% premium over the 800 IPO price, the stock has shown strong early gains but still trails the grey market premium, prompting investors to reassess holding vs. booking profits.
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Rajeev Agrawal of DoorDarshi India Fund suggests Trump's new tariffs are opening moves in a broader geopolitical strategy, not just a trade dispute. He emphasizes the strong democratic and economic alignment between India and the US, viewing the situation as an opportunity for high-level negotiations.
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News and Media
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