New Delhi, Sept. 25 -- The Indian stock market has been grappling with global headwinds, with benchmark indices Sensex and Nifty 50 delivering no returns over the past year. Concerns around weak corporate earnings, stretched valuations, and persistent foreign capital outflows have kept investor sentiment subdued.

Adding to the uncertainty, US President Donald Trump has doubled tariffs on Indian imports to as much as 50%, effective August 2025. This includes a 25% reciprocal tariff linked to India's Russian oil purchases, on top of the earlier 25% tariff imposed on several imports. The higher duties have hit India's export-oriented sectors, with IT, textiles, gems and jewellery, and seafood particularly vulnerable.

The challenges intensi...