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Bloomberg Quint

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Image Credit: Bloomberg Quint

India Becomes First Major Market To Erase Losses From April 2 Tariffs

  • Indian stocks rallied, with the NSE Nifty 50 Index climbing 2.4% and erasing losses triggered by US President Donald Trump's reciprocal tariffs earlier this month.
  • Investors are touting Indian markets as a relative safe haven amid the volatility sparked by US President Donald Trump’s reciprocal tariffs.
  • An intensifying Sino-American trade war is shining a spotlight on India as an alternative manufacturing hub to China.
  • India’s recent rebound follows a slump of almost 10% in the equity benchmark in the last two quarters.

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