US tariffs may favour India over China, boosting business opportunities: Sudip Bandyopadhyay
Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, thinks the US tariff announcements, which should start coming because very clearly there is going to be a differentiated tariff between China and India. And China will be having a much higher tariff vis-a-vis India that is the expectation. And as and when that is clearly articulated, Indian companies and Indian businesses will get enthused on the back of exciting prospects of doing business in the US.
ET Now: This week Nifty saw a massive blowout. In fact, we hit our four-month low. Is this a bear grip? The earnings have been weak. The outlook has been weak. The FII is a net seller. In fact, we have sold more than 1.5 lakh crores since from September 27th. Is there any ray of hope now or what can provide a sigh of relief for the markets?
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-115355723»> Sudip Bandyopadhyay: Well, what you are saying is absolutely right. We have seen massive selling by FIIs and that is on the back of the fact that US market has become very positive and a lot of money is moving back to the US. The China trade is miniscule. Sell India, buy China is a miniscule part of the overall movement of money out of India. The maximum amount of money is going back to the US because the US has become very attractive. Post the election of Donald Trump, the bullish bet on the US market has increased. Now, your question is, what will change things in India? I think what will change things in India is A) expectation of a better Q3, which should start building. Some of the commentaries of management in different
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