If you take the baseline of first term of President Trump, the action usually starts low, there is a lot of study going on but eventually they do put tariffs in place.
9 smallcaps held by 10+ MF schemes turned multibaggers in FY25
Indian equities have been highly volatile, with Sensex dropping nearly 10,000 points from its peak. Yet, in FY25, Sensex gained 2.5%, and BSE Smallcap rose