Katra: In some sigh of relief for the domestic investors, NSE Managing Director and Chief Executive Officer Ashish Kumar Chauhan on Sunday said that at a time when several nations are confused over the imposition of US tariffs, India is doing much better than other countries.
The NSE head maintained that a clear picture on tariff implications is expected to emerge within the next one or two weeks as there will be negotiations and the duty structure will be stabilised.
Speaking to PTI, the National Stock Exchange chief said it seems that the Indian share market is doing much better as compared to other countries post US President Donald Trump’s announcement of reciprocal tariff.
“You must have seen the market for the last 2-3 days. America has made a decision on tax, which is applicable to every country in the world. They have also imposed new import duties for India, which is doing better than other countries,” he said.
“It seems that India’s position is a bit heavy compared to other countries,” he said., adding, “A situation of confusion persists as of now. Many feel that some companies may face more losses. But overall, there will be negotiations and the duty structure will be stabilized. The situation should be clear in the next one or two weeks.”
After the US announcement of tariffs, Foreign investors pulled out Rs 10,355 crore from the India share market in the last four trading sessions. The outflow came after FIIs pumped in Rs 30,927 crore in the six trading sessions from March 21 to March 28.
Volatility is expected in the Indian stock market as RBI is all set to announce the Monetary Policy Committee (MPC) this week, analysts said. The investors are also awaiting the US inflation data announcements.
“This week is set to be volatile for global and Indian markets, as US President Donald Trump imposed tariffs worldwide, igniting fears of an all-out trade war and a global economic recession.
“The US inflation numbers will be released along with the FOMC (Federal Open Market Committee) minutes,” Puneet Singhania, Director at Master Trust Group, said.
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NSE CEO Ashish Kumar Chauhan expressed optimism regarding India’s stock market performance despite the imposition of US tariffs. While acknowledging initial FII outflows and short-term volatility, he anticipates negotiations will stabilize the duty structure within weeks. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
