Markets on Edge as Tariff Battle Heats Up !

Markets Overview

It was a tumultuous week in the markets, with the tariff drama seemingly peaking as the U.S. announced a 50% reciprocal tariff on India. This is no longer just a tactical trade negotiation—it has far-reaching implications for the future relationship between two of the world’s largest economies. India, projected to be the third-largest economy by 2030, and the U.S., the current number one, will inevitably need to find ways to cooperate if global growth is to continue.

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The markets had a rough ride on the 8th of August, especially in the last hour and a half of trading, when a sudden and unexpected fall caused visible distress. This marks the sixth week in a row that the market has closed in the red—something that hasn’t happened in many years.

The sentiment right now is extremely weak, and the market seems oversold. There’s no clear positive news in sight, and hopes around any relief on the tariff front remain distant. Key meetings and visits—including the US team arriving in India on the 25th, Putin’s visit on the 27th, and our Prime Minister’s trip to China at the end of August—might bring some clarity, but until then, the current 50% tariff stays in place.

Rebalance Update for the week