Indian financial markets surprise participants by demonstrating noticeable recovery against the backdrop of global economic turmoil triggered by the tariff war in the US.
Indian Indexes: Recovering Growth
Following a two-day rally, the Sensex and Nifty 50 decided to hold firm despite global pressures. On Wednesday, both indices began with a slight dip but then surged back again. The Sensex increased by 1,577 points to reach 76,734.89, while the Nifty 50 jumped 500 points to 23,328.55. Thus, India became the first major economy to return to pre-tariff announcement levels from April 2.
Global Market Reaction to Tariffs
After Trump's tariff announcement, the MSCI Asia ex-Japan index fell by 5% to 552 points. Meanwhile, the Indian market remained stable due to strong domestic fundamentals and limited impact from US tariffs. Major banks like HDFC and SBI cut deposit rates, positively affecting stock dynamics.
State of Digital Assets
At the same time, the S&P 500 and Nasdaq continue to face pressure. The Nasdaq 100 lost about 300 points due to restrictions on Nvidia chip sales. Over the past day, digital assets saw a drop of around 3%, with Bitcoin's price decreasing by more than 2% to $83,885.
Despite global economic challenges, the Indian financial market shows its ability to recover, indicating resilience and strong internal factors.
