Wed Feb 05 06:52:41 UTC 2025: **Indian Stock Markets Rebound Sharply After Trump Tariff Delay**
**Mumbai, February 4, 2025** – Indian stock markets experienced a significant rebound on Tuesday, with the Sensex and Nifty indices surging nearly 2% following a delay in US tariffs on Mexico and Canada. The Sensex gained 1,397.07 points to close at 78,583.81, its highest monthly closing price, while the Nifty climbed 378.20 points to reach 23,739.25. This surge follows a day of losses attributed to geopolitical concerns surrounding the Trump tariff war.
Several blue-chip stocks, including Larsen & Toubro, Adani Ports, and Reliance Industries, led the gains. However, some stocks like ITC Hotels and Zomato underperformed. The positive sentiment mirrored gains in other Asian markets, although European markets traded lower, and US markets closed down on Monday.
Vinod Nair, Head of Research at Geojit Financial Services, attributed the rebound to improved global sentiment following the tariff delay, suggesting India’s potential to outperform in a weakened global market. Despite the positive day, Foreign Institutional Investors (FIIs) continued to offload Indian equities, selling ₹3,958.37 crore worth on Monday. Brent crude also fell slightly, dropping 1.05% to $75.16 a barrel. Monday’s trading saw the Sensex and Nifty decline by 0.41% and 0.52%, respectively, ending a five-day rally.
First Piper 