Business & Economy

Indian Stock Market Gains and Shows Signs of Recovery Following Trump's Tariffs - Media

© AP Photo / Rajanish KakadePeople walk past an electronic signage displaying news on federal budget at the Bombay Stock Exchange (BSE) building in Mumbai, India, Wednesday, Feb. 1, 2023.
People walk past an electronic signage displaying news on federal budget at the Bombay Stock Exchange (BSE) building in Mumbai, India, Wednesday, Feb. 1, 2023. - Sputnik India, 1920, 08.04.2025
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Indian stock market indices rose at the opening of trading, showing signs of recovery after a significant decline the day before, the India Today has reported.
The Bombay Stock Exchange Sensex index and the National Stock Exchange of India’s Nifty index both rose by more than 1.5% at the start of trading. Analysts noted that the Indian stock market showed a resilient trend, with nearly all stocks trading in the positive.
Indices of small and mid-cap companies rose by 2.6% and 2.2%, respectively.
On Monday, the Indian stock market experienced its largest single-day decline in the last ten months. This drop occurred amidst concerns over the new tariff policy initiated by US President Donald Trump.
On 2 April, Trump announced the imposition of customs duties on products from 185 countries and territories. The universal 10% tariffs came into effect on 5 April, while the individual tariffs will begin on 9 April. Additionally, the US administration imposed a 25% customs duty on all imported cars from 3 April.
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