Indian Market Defies Trump’s Tariff Bomb, Bounces Back to Green Zone; Some Stocks Jump 15%

New Delhi (The Uttam Hindu)- US President Donald Trump's announcement of imposing 25% tariff on India shook the Indian stock market on Thursday morning. But after a bad start in the morning, the Indian stock market has now gained momentum. Sensex and Nifty have come into the green zone. Nifty 50 had climbed 70 points to reach above 24900, while Sensex has gained more than 200 points. At the same time, Nifty Bank is also seeing a gain of more than 200 points. However, mid and small caps are still on the decline.

Analysts believe that this tariff is not permanent and it may ease in the coming times. The 25% tariff imposed by Trump is considered to be the toughest in Asia. Vietnam has been imposed with 20% tariff, Indonesia and Philippines with 19% tariff, while India has suffered the biggest blow. Apart from this, the Trump administration has also talked about additional penalty regarding relations with Russia. However, according to experts, this decision will not last long. Trade talks are going to be held between India and America at the end of August and it is likely that the tariff will be eased in it.

Among these stocks,

the highest rise has been in the stock of HEG, which has risen by 15 per cent. After this, Greaves Cotton (11%), Kaynes Technology India (10%), Sagility India's stock is up by 8 per cent, Delivery's stock is up by 5 per cent and Data Pattern's stock is up by 2.31 per cent. In fact, due to increased buying in large-cap stocks like Hindustan Unilever and Zomato, investor interest in the market has increased. Apart from this, buying is also being seen by domestic and foreign investors. On the other hand, experts are not considering Trump's tariffs as a big setback, due to which investors are buying instead of selling.