Investors hoped for trade war calm, but Donald Trump dashed those hopes. He threatened high tariffs on the European Union and smartphones. Equities dropped globally, and the dollar weakened. Business leaders now face ongoing uncertainty. Trump declared he is not seeking a deal with the EU. Treasury Secretary Scott Bessent mentioned potential deals with other nations like India.
Auto sector still robust, but limited upside left at current valuations: Anand Tandon
Market expert Anand Tandon observes that while the Indian auto sector shows resilience, its optimism is largely priced into current valuations, which appear stretched globally.