Dynamite News Sensex Soars 1,500 Points: How Indian Markets Outperformed Global Peers?
Amid Global Tariff War, Markets Open In Green, Sensex Up By More Than 1500 Points. Read more at Dynamite News.
New Delhi: The Sensex is up by more than 1,500 points, and the Nifty by more than 450 points. Interestingly, this also serves as a rebuttal to many of the cynics who were worried about the impact of the recent tariff impositions. Despite the 90-day relief period, there were concerns that this would reflect poorly on the markets.
We saw a bloodbath on the first day, predominantly because of global effects. Markets worldwide, from Japan, China, and Europe to the U.S., were dipping sharply.
The interconnected global market also affected the Indian markets. However, from the next day onward, Indian Markets recovered gradually, and today’s early surge—1,500 points on the Sensex and 450 on the Nifty—is a very strong start, reports Dynamite News correspondent.
This rebound reflects the multiple reassurances from the government. Officials are looking beyond immediate export concerns, and relief is already visible in various sectors, such as automobiles, computers, and iPhone manufacturing in India, which will increase by 60%.
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These developments are having a significant impact, instilling confidence not just among investors but also exporters.
As we know, Donald Trump has postponed the tariffs for 90 days for most countries (except China). Could this be the reason behind today’s positive trend?
Well, a tariff ministerial committee has been set up, and India has been confident from the start.
Because of the diversification and versatility of our products, we get an edge over many other countries facing higher tariffs, like Vietnam and Cambodia.
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The finance minister is in the U.S. for a 10-day visit, and the Indo-U.S. delegation has also met for four days. These backroom negotiations shape the perceptions and create a “feel-good” sentiment.
Developments like increased iPhone manufacturing in India may seem small, but they send a strong positive signal to the markets.