Indian markets recover first from US tariff impact, Sensex up 1,577 points,
The impact of US reciprocal tax measures,
The Indian stock market has become the first major market to recover from the impact of the US reciprocal tariff, which has turned the stock markets of various countries of the world into a game of chance.
Trump, who is providing temporary exemptions from reciprocal tariffs, had said that he is also considering exempting imports of vehicles and auto parts from the 25 percent tax imposed.
As a result, global stock markets traded higher. Following this, Nifty rose by 540 points and Sensex by 1,750 points during trading hours in India.
Shares of companies from the automobile, financial and IT sectors rose the most. At the end of trading hours, Nifty rose by 500 points and Sensex by 1,577 points. Markets have reached their pre-April 2 levels, when the US tariffs were announced.
Other reasons for the rise
1 Positive global market: Shares of technology companies including Apple rose in the US stock market after the temporary exemption from import duties on electronic goods.
On Monday, US and European stock markets closed with a gain of 3-4 percent.
2 Rupee appreciation: When trading began yesterday, the rupee gained 39 paise against the US dollar to 85.71 rupees.
In the foreign exchange market, the rupee is gaining value as domestic investments are helping, while crude oil and the US dollar are falling.
3 leading companies: Investors are interested in buying shares of companies with high market capitalization, Tata Motors, L&T, and IndusInd Bank, which led to an increase in market indices.
The Nifty Bank index rose 2.35 percent to cross the 52,000-point mark again. HDFC Bank and ICICI Bank stocks rose 3 percent each.
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