Mkts seem to have largely priced in earning downgrades: LIC MF CIO

It has been a nervous few trading sessions for Indian stock markets as they have grappled with developments related to US tariffs amid June quarter earnings. Yogesh Patil, chief investment officer for equity at LIC Mutual Fund, told Puneet Wadhwa in an email interview that "heightened uncertainty" in international trade might have an immediate impact on investments, but capital is expected to flow into emerging markets in the longer term. Edited excerpts:

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Have US tariffs taken the wind out of the sails of Indian markets?

The imposition of tariffs by the United States on most countries has introduced heightened uncertainty across global equity markets. While this environment remains uncertain, especially in the equity markets, India is relatively well-positioned to navigate these challenges. In fact, Indian exporters may benefit from the shifting trade landscape, as higher tariffs on competing nations could enhance the competitiveness of Indian goods in the US market.

Are markets overenthusiastic about corporate earnings?