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​Havells would be more diversified with some positives coming from the rest of the durables growth. AC growth is expected to be strong and on wires and cables, obviously, they will also get impacted.

Rajeev Agrawal of DoorDarshi India Fund emphasizes the need for company-level tariff adjustments due to varying export percentages, especially in sectors like pharma which may be significantly impacted by US tariffs. He highlights a shift in investment focus towards domestic companies and undervalued lending firms, while maintaining overall sector allocations.

Gold and silver futures contracts opened flat on Monday amidst heavy profit booking. Gold prices have fallen by Rs 2,000 per 10 grams from their all-time high, while silver has tumbled by Rs 3,400 per kilogram over recent sessions. Market volatility persists due to fluctuations in the dollar index and U.S. trade tariffs.

India has been labelled as one of the highest tariff nations by the U.S. President, and there is speculation that the U.S. will announce reciprocal tariffs on Indian goods as early as April 2nd.

While Nifty took 10 trading sessions to swing from the lower Bollinger band to the middle band, it took just 3 sessions to travel the upper half. This suggests that the uptrend is gaining momentum, encouraging us to believe that, despite the pace of upsides, there is more to come.

Gustavo Medeiros, Global Head of Research at Ashmore Investment Management, highlights India s inclusion of women in the labor market and manufacturing absorption as key structural trends. Despite a recent correction, Ashmore is adding exposure to undervalued Indian companies. The company had been underweight on India but sees potential in current valuations, focusing on opportunities amid a global portfolio rebalancing.

A shift below the VWAP suggests a potential bearish trend, according to technical scan data from StockEdge.com.

GMR Airports shares: On Friday, GMR Airports shares closed at Rs 77.4, marking a 1% rise on the BSE, while the benchmark Sensex gained 0.73%. The stock has fallen 18% over the past six months but has surged by 94% in the last two years. The company’s market capitalization is currently at Rs 81,747 crore.

The Indian market is expected to trade higher on Monday, supported by positive global cues. The Nifty future gained 0.78% to close at 23,382, while India VIX fell by 0.2% to 12.58. Options data suggests a broader range between 22,900 and 23,800, with an immediate range of 23,200 to 23,600, according to Chandan Taparia of Motilal Oswal Financial Services.