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Markets rebound as reciprocal tariff jitters subside
The Morning Standard
|April 03, 2025
Sensex rises 593 points to close at 76,617
A day after the massive fall, when benchmark indices declined by over 1.5%, equity markets recovered some of the losses on Wednesday.
Sensex and Nifty snapped a two-day declining trend on Wednesday and rose by over 0.7%. The 30-share BSE Sensex, which broke the 76,000 level on Tuesday before closing at 76,024, rose by 593 points to 76,617 on Wednesday. Nifty rose by 167 points to close the day at 23,332. The markets rose in the hope that Donald Trump's reciprocal tariff would not have as adverse an impact on India as was feared earlier. The reciprocal tariff comes into effect from Thursday.
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