Analyst Warns Tariffs Weigh On Indian Markets

Amnish Aggarwal of Prabhudas Lilladher said Indian markets are facing heightened uncertainty recently, driven by US tariff concerns and geopolitical tensions, keeping investor sentiment cautious. He warned AI's impact on IT services remains unclear, highlighted digital lending and ferrous metals as selective opportunities, and noted IDFC First Bank's stock took a 16% hit (about ₹590 crore), implying continued market volatility and the need for selectivity.