Indian Markets First In World To Erase Losses Triggered By Trump Tariffs

Mumbai:

The Indian stock market has become the first in the world to successfully erase all the losses triggered by Donald Trump’s reciprocal tariff announcement. The stock market in India’s financial capital Mumbai rallied today as trading resumed after a long weekend – Monday being a holiday for Ambedkar Jayanti.

The National Stock Exchange or NSE Nifty 50 index surged as much as 2.4 per cent in Mumbai during the trading session today, bringing back the index to the level it was on April 2, when President Trump signed the executive order on tariffs.