Tariff tandav pulls down Sensex by 1,500 points in 2 days. Time to panic or buy the fear?
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The Indian stock market is in the grip of a tariff-induced sell-off that has wiped out over 1,500 points from the Sensex in just two trading sessions, with the Nifty plunging perilously close to the 24,500 level. The carnage comes as markets digest the implications of a 50% tariff on Indian goods exports to the US, a move that has sent shockwaves through Dalal Street even as seasoned investors argue the panic is overblown. The US accounts for 20% of India's goods exports, representing 2.2% of the country's GDP. But beneath the alarming headline figure lies a more nuanced reality that market veterans are urging investors to consider before hitting the panic button. “Most of the tariff-related pain has been factored in. So, we should not see much more coming on the tariff front because the market knows very well that there is no change happening and 50% is coming in,” market veteran Ajay Bagga said. Samir Arora, Founder of Helios Ca...