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Indian equities, currency, bonds stay resilient amid global spin
Hindustan Times Amritsar
|April 04, 2025
Indian equities, bonds and currency showed some resilience even as US President Donald Trump's reciprocal tariffs sent global markets into a tailspin.
MUMBAI:
Trump fired up global trade tensions by announcing a baseline 10% tariff on all imports starting 5 April, with additional reciprocal tariffs on specific countries from 9 April. India will face a tariff of 27% (in addition to the existing levy), while China's rate soars to 54%, up from the previous 20%.
Gift Nifty futures took a hit early on Thursday morning, dropping nearly 2%, while Indian benchmark indices Nifty 50 and S&P BSE Sensex fell 1% in pre-open trade. However, Nifty 50 and Sensex later trimmed some losses, ending the day's trade 0.35% and 0.42% lower, respectively.
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