Stock market outlook: US tariffs put textiles and gems stocks in focus, analysts see range-bound trade

Indian stock markets are expected to react cautiously following the US imposing a steep 50% tariff on Indian goods. Sectors like textiles, gems and jewellery, and leather are likely to face increased pressure. While a sharp market correction is not anticipated, volatility may persist as investors assess the trade implications, with potential earnings downgrades for export-oriented stocks.