Wed Mar 05 06:15:00 UTC 2025: ## Indian Markets Rebound Sharply After Global Sell-off

**Mumbai, India** – Indian equity markets staged a strong recovery on Wednesday, with the Sensex and Nifty indices bouncing back sharply after a ten-day losing streak. The rebound follows a global sell-off triggered by new US tariffs on Canada, Mexico, and China, although the US later hinted at potential compromises.

The 30-share BSE Sensex surged 564.80 points (0.77%) to 73,554.73, while the NSE Nifty climbed 176.65 points (0.8%) to 22,259.30. Market analysts attributed the recovery to value buying at lower levels and positive sentiment in Asian markets, which also saw gains following signals of potential tariff relief. Several major Indian stocks, including Tata Steel, Mahindra & Mahindra, and HCL Technologies, led the gains.

While US markets ended lower on Tuesday following the implementation of new tariffs, the impact on Indian markets was less severe than in other global and Asian markets. Devarsh Vakil, Head of Prime Research at HDFC Securities, noted that the Nifty was “highly oversold and due for a bounce,” and that small-cap stocks saw a particularly strong recovery.

Despite the market rebound, Foreign Institutional Investors (FIIs) continued to offload equities, selling ₹3,405.82 crore worth of shares on Tuesday. Brent crude also saw a slight dip, falling 0.34% to USD 70.80 a barrel.

The global sell-off stemmed from President Trump’s announcement of new tariffs on major trading partners. However, later comments from Commerce Secretary Howard Lutnick suggested a potential compromise with Canada and Mexico, easing some concerns. Trump also criticized high tariffs imposed by India and other countries, announcing reciprocal tariffs beginning April 2nd. The positive news regarding potential tariff negotiations contributed significantly to the Indian market’s rebound.

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