Stocks to Buy | Sandip Sabharwal on how to invest amid global market jitters
Market expert Sandip Sabharwal in an interview to ET Now said that global volatility is unavoidable right now. The uncertainty around tariffs is no longer just a negotiating tactic—it’s becoming a long-term strategy. Panic indicators like the VIX are rising sharply. He believes markets might bottom out this week, given the intensity of the recent fall.
The direct impact on India’s GDP is likely to be small—around 0.2%. However, Sabharwal says it’s more about how investors globally are reassessing risk. Even with limited exposure, India is getting pulled into the broader risk-off sentiment.
He stresses the RBI’s role now becomes crucial. Tariffs may push inflation in the US, but for countries like India, they could be deflationary. Sabharwal thinks the RBI should cut rates aggressively and inject liquidity to support growth.
Despite global stress, India’s domestic demand looks strong. Sabharwal points to solid numbers from companies like Kalyan Jewellers, Jubilant FoodWorks, Trent, and Nykaa. He sees this as a sign that India’s recovery is underway.
He advises focusing on sectors with little global exposure. Construction, infrastructure, defence, and telecom are better placed. These areas are more linked to domestic growth and less affected by global shocks.
Large Indian financials could do well, unless heavily exposed to exporters. Sabharwal also sees FMCG stocks—currently under pressure—as potential safe bets. Cement and construction might benefit too, especially if input costs fall further.
OMCs are in a sweet spot, says Sabharwal. Crude prices are down, but retail fuel prices haven’t been cut. That means higher margins and more profitability for these companies.
Sandip Sabharwal believes investors should stay focused on India-centric opportunities. While today may not be the best time to buy, strong domestic stories will stand out. What matters now is how global and local policymakers respond.
