Indian Markets Bounce Back, Shake Off Trump’s Tariff Jitters
Mumbai: Indian stocks staged a strong recovery as markets reopened after a long weekend, rebounding from the losses triggered by U.S. President Donald Trump’s reciprocal tariffs announced on April 2.
The NSE Nifty 50 Index surged as much as 2.4% during Tuesday’s trading session in Mumbai, regaining ground lost earlier this month. The markets had been closed on Monday due to a local holiday, and Tuesday’s rally marked a full recovery to levels last seen before the tariff announcement.
Despite global volatility stemming from the escalating U.S.-China trade tensions, India is emerging as a relative safe haven for investors. Analysts highlight the country’s robust domestic economy and growing appeal as a diversification hub for global supply chains.
“We remain overweight India in our portfolios,” said Gary Dugan, CEO of The Global CIO Office. “Indian equities offer resilience, supported by domestic growth and the shift away from China.”
India’s more diplomatic stance—seeking trade cooperation with the U.S. instead of retaliation—has further boosted investor sentiment, especially as the world watches the unfolding trade war between Washington and Beijing.
With India positioning itself as an attractive alternative to China for manufacturing, the country is poised to benefit from longer-term structural shifts in global trade.
