Longer term, if the issues are not resolved, then for companies who are majority exports to the US there could be some issues. So, some adjustment of valuations are happening because of a potential threat, although small, at some stage.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj