Emkay Global: India-US Trade Deal Only Fix for Market Volatility, Rupee Woes

• Indian stock market volatility is expected to continue due to US tariffs, rupee weakness, and current account deficit.
• Emkay Global suggests that temporary relief from Fed rate cuts and RBI liquidity support will be short-lived.
• A strong India-US Trade Deal, reducing duties on Indian exports, is seen as the only lasting solution for market stability and rupee strength.
• Investors are advised to increase defensive sectors (IT, Pharma, Private Banks), reduce small/mid-caps, and focus on long-term opportunities in consumer discretionary.

Why It Matters: India-US trade deal is key to stabilizing India's markets, rupee, and economy.