“Trump is a very positive influence on the world, and he is definitely a positive influence on India because we do not need 80-100% tariff on cars. All these things should be sacrificed in one minute,” he said.
He further explained that while tariffs on steel impact multiple sectors beyond the auto industry, the market should not overreact to these changes.
US political shifts have led large funds to move $6 billion from India to the US. However, he believes the trade dispute between the two countries has ended and that investors should compare India with the global market, not just the US.
Also Read: Jahangir Aziz explains why Trump’s trade strategy is broader than tariffs
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—either naturally or through government and central bank actions—have already been addressed.
“Just in the month of December, foreign institutional investors (FIIs) were net buyers. So, what made them negative in January suddenly?” he questioned.
He attributed this shift 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 stabilising.
Also Read: Kotak’s Nilesh Shah: There is a ‘quit emerging markets’ movement underway
For the entire interview, watch the accompanying video
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First Published: Feb 14, 2025 2:02 PM IS
