Markets Stage a Comeback After $10 Trillion Global Quake

India Vix slips 10% as talk of easing tariffs and RBI rate relief lift mood

- ABHISHEK KUMAR

Markets recovered on Tuesday after a brutal selloff in the previous session, lifted by hopes that global trade tensions may ease.

Most global markets bounced back after nearly $10 trillion was wiped out over the past three trading sessions. Bargain hunting and expectations of a rate cut by the Reserve Bank of India (RBI) also supported the rebound.

The Sensex rose 1.5 per cent to close at 74,227, while the Nifty 50 gained 1.7 per cent to end at 22,536. Barring Power Grid Corporation of India, all Sensex and Nifty stocks closed in the green.

During intraday trade, both indices climbed as much as 2.4 per cent. Tuesday's session—the strongest for the Nifty in three months and for the Sensex in three weeks—followed a 3 per cent drop on Monday, driven by concerns that US tariffs and the broader trade conflict could tip the US into recession and drag down global growth.