PM Modi–Trump Talks Spark Optimism, But Markets Remain Cautious
The recent conversation between Indian Prime Minister Narendra Modi and U.S. President Donald Trump has raised hopes for new opportunities in bilateral dialogue. Experts say the stock market is viewing this development positively, though caution prevails until a concrete trade agreement is reached.
Pankaj Tibrewal, Founder and CIO of Ikigai Asset Management, told CNBC-TV18 that the talks are a welcome step and could strengthen market sentiment. However, he added that investors are likely to remain cautious until both countries sign a solid trade pact.
He said, “The stock market is currently in a state of uncertainty, with new statements emerging every day. Yesterday, we saw comments about restricting outsourcing, followed shortly by positive remarks from President Trump. This is a welcome step, but we must view it cautiously until a trade bill is finalized.”
Former Ambassador Venu Rajamony noted that while messages from both sides appear positive, Trump’s statements often carry a degree of unpredictability. He said, “President Trump remains highly unpredictable and somewhat unreliable, so we cannot be sure what the future holds for India.”
Similarly, Harsh V. Pant of the Observer Research Foundation commented that India has deliberately maintained a balanced stance in recent months. However, he cautioned that if Trump continues with “megaphone diplomacy” and pressure tactics in public, it could affect strategic outcomes.
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