Indian Markets Rebound Strongly on Bargain Buying and Global Optimism
India’s benchmark equity indices surged on Tuesday, recovering from their worst single-day drop in 10 months, as investors engaged in bargain buying amid a broader Asian rally. The Nifty 50 jumped 1.69% to close at 22,535.85, while the BSE Sensex climbed 1.49% to end at 74,227.08. The rally followed a steep 3% fall on Monday, driven by global recession fears and heightened U.S. tariff tensions.
Investor sentiment improved after U.S. President Donald Trump announced that Japan would send a delegation to discuss tariffs, raising hopes of a possible easing in global trade tensions. Japan’s Nikkei 225 led Asian markets with a 6% gain. Experts said Indian markets are expected to remain relatively resilient due to limited direct impact from the tariffs and falling oil prices, which could ease inflation and pave the way for an expected 25 basis point rate cut by the Reserve Bank of India.
All 13 major sectoral indices in India advanced, with both smallcap and midcap indexes rising around 2.1%. Notable gainers included Titan and Bharat Electronics, each up 3.4% on strong business performance. Financial stocks like Axis Bank, State Bank of India, and PNB Housing Finance also saw gains after receiving upgrades from Goldman Sachs.
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