New Delhi, Sept. 17 -- Indian stock markets fared well even as the country faced US tariffs on its goods, primarily due to the strong domestic fundamentals that include robust consumption and recent GST reforms, according to a Bank of Baroda report.

"We believe markets have now priced in the uncertainty around tariff-related decisions," the report authored by Economist Sonal Badhan said.

Year 2025 had been rough for the markets, as the new US administration led by President Donald Trump started its term by announcing tariffs on its major trading partners and key commodities. Initially, the tariffs were product-based (automobiles and parts, steel, aluminium), which were later expanded to all countries.

Bank of Baroda noted that between ...