Brokerages advise caution

THE EQUITY INDICES on Monday succumbed to global fears of a trade slowdown following Trump's tariff announcement, with the benchmarks falling around 3% and the volatility index spiking the most since August 2015.

- ANANYA GROVER

Market analysts and experts believe that technical indicators and their faith in domestic fundamentals are showing signs of the fall to bottom out.

According to UR Bhatt, director of Alphaniti Fintecht, the market reaction in upcoming days will solely depend on the news flow, as it awaits the outcome of India's trade negotiation talks. Till the clarity emerges, the Indian markets will take cues from the international market. He believes that India is better placed than China after its retaliatory tariffs. He advises investors to wait for some semblance of order.

Narendra Solanki, head of fundamental research at Anand Rathi Shares & Stock Brokers, sees the fall bringing in opportunities as valuations have corrected and the Reserve Bank of India is expected to lower the interest rates. "Provided the US doesn't come out with more negative news, I don't see a further fall."