Indian markets have been on a roll since past few days ever since making the bottom at around 21750. US markets have been in a corrective mode and still Indian markets continue to do well. A lot of news, data points, and drops in US markets which might have been perceived as negative have been digested effortlessly.
I think its time to be a stock picker and try and find out businesses that will thrive in the new world order post the Tariffs. The most obvious space is purely domestic focussed sectors like banking, domestic consumption ( this can be a huge basket, with FMCG, consumer durables, alcohol, tourism etc) , defence, PSUs, NBFCs, Insurance, so on and so forth.
The second order beneficiaries could be companies which could benefit out of shift of business to India in view of strained relations of US and China. This would be in form of export focussed businesses where Indian manufacturers have scale and cost advantage, and there is higher shift of business from China to elsewhere, India being the favored destination.
@Shankar Markets usually adjust to new dynamics and it often takes initial knee jerk reaction followed by slow adjustments. We seem to have reached the adjustment phase, where the reality of tariffs are accepted and markets have decided to move on.
@sanni_kumar I don’t track techno electric too closely and am not aware of latest developments in the company.