National Stock Exchange (NSE) MD and CEO Ashish Kumar Chauhan said on Sunday that even though there is uncertainty around the world due to the US putting trade tariffs in place, India is doing better than many other countries.
Ashish Kumar Chauhan, CEO of the National Stock Exchange (NSE), said that things will become clearer in the next couple of weeks as talks continue and the new tax rules settle down, according to a PTI report.
Chauhan, who visited the Mata Vaishno Devi Temple on Ram Navami, said that India’s stock market is doing better than other countries after the US announced new import taxes, including on Indian goods. He said, “India seems to be in a stronger position compared to other countries.”
He also said that even though there’s some confusion about how the new taxes might affect certain companies, he believes things will settle down soon. “The tax rules will become stable, and the whole situation should be clearer in one or two weeks,” he added.
US Tariffs Impact Indian Markets; Sensex and Nifty See Over 2.5% Drop
Chauhan had met Jammu and Kashmir Lieutenant Governor Manoj Sinha on Saturday evening.
The recent US tariffs have affected global markets and also caused Indian stock markets to fall. Last week, India’s main stock indexes, Sensex and Nifty, went down by more than 2.5%. The Nifty 50 ended the week at 22,904.40, and the Sensex closed near its weekly low at 75,364.69.
Overall, the BSE Sensex dropped by 2,050.23 points (2.64%), and the NSE Nifty fell by 614.8 points (2.61%) during the week.
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