Despite recent tariff threats from President Trump, the Indian stock market shows resilience, yet experts warn of potential volatility. With a focus on select sectors, investors are advised to stay cautious and consider diversifying into gold and fixed income as a hedge against uncertainties.

Consumer sector stocks declined last week as investors absorbed President Donald Trump's latest tariff math. The Consumer Discretionary Select Sector SPDR Fund (XLY) dropped 3.9%, while the Consumer Staples Select Sector SPDR Fund (XLP) declined 1.

These tariffs are slated to affect imports from more than 60 countries, including Brazil, India and Japan, and their effects are poised to be borne heavily by U.S. consumers. According to one estimate from the Yale Budget Lab,