Nifty slumps below 22,900, Sensex down over 950 points; Smallcap gauge slips 3%
Arpit Agrawal, Co-Founder and CIO, Electrum Portfolio Manager said, “If we look at India, we seem to be relatively better placed than other major trade partners however this move will lead to further escalation in global tariff war and could lead to significant adjustments in global trade. Impact would be different on different sectors however there is a real risk of all round slowdown in global economies and specifically in US economy which could impact on overall growth across the globe.”