Here’s what the street will see in the next couple of days: Discussions on whether the market has bottomed; or if an escalation in the war will lead to further decline. The yardstick used will be the Nifty and Sensex. But ask yourself a simple question: How does the level of these indices matter to a firm with a 25-year track record of producing farm equipment (and a monopoly in certain products)? Or to a pharma company that has just received US FDA approval for a new plant, and will soon start exporting to the US, pumping up earnings? So, with the headlines about the Nifty and Sensex and President Trump’s latest threat, time to think beyond what the world is focusing on.
