Equity Markets Steady Despite Tariff Shock and Earnings Uncertainty
Indian equity markets struggled in July 2025 after the US announced a surprise 25% tariff, increasing uncertainty about an ongoing Indo-US trade deal. The Nifty 50 dropped 2.8%, and mid- and small-cap indices saw even larger declines. Nonetheless, domestic institutional investors (DIIs) showed strong support by investing $4.4 billion during