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Morgan Stanley's Upasana Chachra anticipates a likely 25 bps rate cut by the RBI, followed by another in June, contingent on growth trajectory. Escalating global risks, particularly US tariffs, pose downside risks to India's GDP, potentially impacting business confidence and investment. While direct trade exposure appears limited, indirect effects via global slowdown are concerning.
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The US president warns of the extra tax unless China withdraws its own 34% counter-tariff on US goods.
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Vinay Rajani of HDFC Securities suggests caution despite the recent market rebound, noting uncertainty persists. He identifies FMCG and NBFC sectors as showing potential, with FMCG being the stronger of the two. Rajani recommends Britannia and Chambal Fertiliser as specific stock picks for short-term trading, advising strict stop-losses.
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News and Media
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