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.