Morning Market Quote : Reciprocal Tariff Threat on India a Major Market Negative Says Dr. V K Vijayakumar, Geojit Financial Services
Below the Quote on Morning Market by Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
"The important question which investors have in mind when the new trading week begins is: will Nifty’s outperformance last week continue? The declining intensity of FII selling witnessed last week is a positive. But the market momentum witnessed last week is unlikely to continue beyond a point since the element of uncertainty is high. The threat of reciprocal tariffs on India starting early April is a major negative which the market cannot shrug off. There is no clarity on which all sectors will be impacted by the tariffs. This uncertainty will keep the market range bound.
Investors can play it safe by focusing on domestic consumption themes which will not be impacted by the potential tariffs. Export oriented segments like IT and pharma will be volatile responding to news flows surrounding US actions.
Fair valuation of largecaps is ideal for calibrated systematic buying in them."
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