From Bloomberg via Mumbai's Economic Times, April 15:
Indian stocks rallied as trading resumed after a long weekend, with the benchmark equity index erasing all the losses triggered by US President Donald Trump’s reciprocal tariffs earlier this month.The NSE Nifty 50 Index climbed as much as 2.4% in Mumbai trading on Tuesday, hovering around their closing level on April 2. The market was shut on Monday for a local holiday.
Investors are touting Indian markets as a relative safe haven amid the volatility sparked by US President Donald Trump’s reciprocal tariffs. The nation’s big domestic economy is seen able to withstand a potential global recession better than many peers, who face higher tariffs. “We remain overweight India in our portfolios,” said Gary Dugan, chief executive officer of The Global CIO Office. Supported by good domestic growth and aided by a likely diversification of supply chains away from China, Indian equities are seen as a safer bet over the medium term, he said....
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If interested see also April 13:
"India, US finalise terms of reference for first phase of trade deal, Indian official says"
As we said on April 3:
Modi's people will figure something out. Indian people have been negotiating deals for five thousand years....
