National Stock Exchange (NSE) Managing Director and CEO Ashish Kumar Chauhan stated on Sunday that despite the ongoing global uncertainty following the imposition of reciprocal tariffs by the US, India is performing better than other countries.
He mentioned that a clearer picture will emerge in the coming weeks as negotiations unfold and the duty structure stabilizes, as per PTI report.
Chauhan, who visited the Mata Vaishno Devi Shrine on the occasion of Ram Navami, pointed out that India’s stock market has shown resilience compared to other nations after the US imposed new import duties, including those on India. He said, “India’s position seems to be stronger compared to other countries.”
He also highlighted that while there is confusion about the potential impact, particularly on some companies, he expects the situation to stabilize after negotiations. “The duty structure will be stabilized, and the overall situation should become clearer in the next one or two weeks,” he added.
Chauhan had earlier met Jammu and Kashmir Lieutenant Governor Manoj Sinha on Saturday evening.
The recent US tariffs, which have impacted global markets, contributed to a decline of over 2.5% in key Indian stock indices, Sensex and Nifty, last week. The Nifty 50 closed the week at 22,904.40, while the Sensex ended near its weekly low at 75,364.69. During the week, the BSE Sensex fell by 2,050.23 points, or 2.64%, while the NSE Nifty dropped by 614.8 points, or 2.61%.
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