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.