22/4/2025, 3:04:02 pm

India stands tall; global markets falter since Trump’s April 2 tariff shock

India’s stock markets have shown resilience amid global trade tensions, with the Sensex and Nifty rising 3.6% and 3.4% in local terms and 4.0% and 3.8% in USD terms. This contrasts with declines in US, European, and Asian markets. Factors include anticipation of a US-India trade pact, reduced tariffs on US goods, a weaker dollar, lower crude oil prices, strong Q4 earnings.