Stocks Skyrocket, Sensex Soars 3,000 Points

In these 90 days starting April 9, President Trump imposes a 10 per cent baseline tariff on all countries. For China, Trump indicated that tariffs may increase to as high as 245 per cent.

- TDG NETWORK

Indian stock indices soared through the roof on Monday, supported by the news that the conflict between India and Pakistan has de-escalated after the two Armed forces reached an understanding.

Another shot in the arm came from the easing of trade wars between the US and China. They have arrived at an agreement that they will withdraw their previously announced reciprocal tariffs and counter tariffs for an initial period of 90 days, and in the meantime, China will impose 10 percent tariffs on US goods, and the US will tax Chinese goods at about 30 per cent.