Wed Apr 09 18:40:00 UTC 2025: ## Indian Markets Rebound After US Tariff-Induced Crash
**Mumbai, India –** Indian stock markets staged a significant rebound on Tuesday, recovering from Monday’s sharpest single-day drop in 10 months, fueled by bargain hunting and a broader Asian market recovery. The Sensex closed up over 2% at 74,227.08, and the Nifty gained 374.25 points to end at 22,535.85. Monday saw a 3% to 3.2% plummet in both indices, driven by fears of a global recession following President Donald Trump’s announcement of new tariffs on US imports.
The recovery followed a similar trend in US markets, where initial panic over the tariffs eased. A 6% surge in Japan’s Nikkei 225 index further boosted investor confidence. Trump’s announcement that Japan would send a delegation to negotiate trade also contributed to the positive sentiment, although he simultaneously threatened further tariffs on China if retaliatory measures continue.
Experts attribute the rebound to oversold market conditions, with Yogesh Kansal, cofounder of online trading platform Appreciate, stating that the recovery was expected, particularly for companies and sectors unaffected by tariffs. IT and banking-finance stocks led the charge, with Infosys, L&T, HCL Tech, and Tech Mahindra seeing gains of at least 3%. Titan also saw a 5% jump following strong quarterly revenue results.
Despite the positive turnaround, uncertainty remains. Trump’s tariffs, ranging from a minimum of 10% to a maximum of 50%, aim to revitalize American industry. While a false rumour of a tariff pause briefly boosted markets on Monday, the White House quickly dismissed it, and Trump reiterated his commitment to potentially escalating tariffs against China. The extent to which negotiations can mitigate the impact of these tariffs remains to be seen.
First Piper 