
The market hates uncertainty. Post the big reforms (GST and banking), the markets should have ideally been in upbeat mode this festive season. But the US tariffs are a downer. And while the street is clearly hoping that an India-US trade pact will be inked soon, no deal is done till it is actually done. And given that the tariffs impact many sectors, the bears are lurking around just in case Trump puts a spanner in the works and everything goes south. As an investor, there is no point trying to guess what will happen. Focus, instead, on good businesses with an assured market and sound management. That will pay off in the long term.