US Tariff May Be 'Blessing In Disguise' For India, Says Vijay Kedia

Market expert Vijay Kedia said that Donald Trump's tariff could be a "blessing in disguise" for India, particularly when considering the high tariffs imposed on China. "Private sector needs to step in and figure out how this adversity can be used to their benefit," he advised.

In an interview to NDTV Profit, Kedia shared his insights on the impact of Trump's tariffs. Kedia expressed his skepticism about investing in gold at its current price levels. "I think gold has also become euphoric like the stock market," he remarked.

He pointed out that gold prices have climbed 40-45% in the last two years, which he believes is indicative of a market euphoria. "In my opinion, gold is also a big euphoria," he added, concluding, "I will not buy gold at this price."

Kedia highlighted the government's focus on large sectors such as infrastructure and power, suggesting that these areas should perform well. "The government is focused on large sectors; infra should do well, power sector should also do well," he said.

He emphasised that the domestic market story is independent of global events, stating, "On the index level, I am not very bullish. We may not see a new high in the next two years. The index should consolidate here, and individual stocks should perform according to their merit."

Reflecting on market cycles, Kedia noted, "After 2003, bull markets are longer, bear markets are shorter. Since 2003, in my observation, bear markets last not more than 9 months. Maybe by June 2025, or in the next 2-3 months, the market will make its bottom. The index will consolidate, and individual stocks will chart their own story."

Kedia shared his investment strategy, emphasising selective investments. Returns are likely to be driven by investments into very selective pockets, he said.

He remains optimistic about certain sectors, stating, there's a lot of scope in power and its ancillaries. Selective infrastructure plays should do well. "I see tourism as a story that will play out over the next 10 years," he said.