Samir Arora, Founder and Fund Manager of Helios Capital believes reciprocal tariffs by the US will not significantly impact most Indian industries.

Arora highlighted the positive influence of US President Donald Trump on India, suggesting that lower tariffs could, in fact, be beneficial for some sectors. He pointed out that Tesla’s potential entry into India would be a net positive for the market.

“Trump is a very positive influence on the world, and he is definitely a positive influence on India because we do not need 80-100% tariff on cars. All these things should be sacrificed in one minute,” he said.

He further explained that while tariffs on steel impact multiple sectors beyond the auto industry, the market should not overreact to these changes.

US political shifts have led large funds to move $6 billion from India to the US. However, he believes the trade dispute between the two countries has ended and that investors should compare India with the global market, not just the US.

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Arora believes the Indian stock market is close to its bottom though pinpointing the exact level is difficult.

Factors like liquidity issues, poor earnings, high interest rates, and inflation—either naturally or through government and central bank actions—have already been addressed.

“Just in the month of December, foreign institutional investors (FIIs) were net buyers. So, what made them negative in January suddenly?” he questioned.

He attributed this shift to weak earnings and concerns over potential rupee depreciation. However, he believes most of these concerns have played out, and while minor fluctuations may still occur, the market is stabilising.

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For the entire interview, watch the accompanying video

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