Reciprocal Tariffs Won’t Hit Most Indian Industries & Markets are near bottom

Samir Arora, Founder and Fund Manager of Helios Capital, believes that the US’s reciprocal tariffs will not significantly impact most Indian industries. He argues that while tariffs on steel affect multiple sectors beyond the auto industry, the market should not overreact to these changes. Arora highlights the positive influence of US President Donald Trump on India, suggesting that lower tariffs could benefit some sectors. He also mentioned Tesla’s potential entry into India as a net positive for the market.

Arora believes the Indian stock market is close to its bottom, though pinpointing the exact level is difficult. Factors like liquidity issues, poor earnings, high interest rates, and inflation have already been addressed. He noted that foreign institutional investors (FIIs) were net buyers in December, but turned negative in January due to weak earnings and concerns over potential rupee depreciation. However, he believes most of these concerns have played out, and while minor fluctuations may still occur, the market is stabilizing.