Nationwide Inventory Trade (NSE) Managing Director and CEO Ashish Kumar Chauhan said on Sunday that regardless of the continuing world uncertainty following the imposition of reciprocal tariffs by the US, India is performing better than other countries.
He talked about {that a} clearer image will emerge within the coming weeks as negotiations unfold and the obligation construction stabilizes, as per PTI report.
Chauhan, who visited the Mata Vaishno Devi Shrine on the event of Ram Navami, identified that India’s inventory market has proven resilience in comparison with other nations after the US imposed new import duties, together with these on India. He mentioned, “India’s place appears to be stronger in comparison with other countries.”
He additionally highlighted that whereas there may be confusion concerning the potential impression, significantly on some corporations, he expects the state of affairs to stabilize after negotiations. “The obligation construction shall be stabilized, and the general state of affairs ought to turn out to be clearer within the subsequent one or two weeks,” he added.
Chauhan had earlier met Jammu and Kashmir Lieutenant Governor Manoj Sinha on Saturday night.
The latest US tariffs, which have impacted world markets, contributed to a decline of over 2.5% in key Indian inventory indices, Sensex and Nifty, final week. The Nifty 50 closed the week at 22,904.40, whereas the Sensex ended close to its weekly low at 75,364.69. In the course of the week, the BSE Sensex fell by 2,050.23 factors, or 2.64%, whereas the NSE Nifty dropped by 614.8 factors, or 2.61%.
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