Stock market today: Indian markets have made a stellar comeback in recent sessions despite the continued volatility in the global and Asian markets, as domestic-focused factors such as easing in food inflation and rate cut by the RBI have made bulls take charge of the markets.
Further, the tariff negotiations between India and the United States are picking up speed, even as China and the US are engaged in a bitter and acrimonious war, which top government sources say India is looking to take advantage of.
The recent recovery rally was led the broader markets, with Nifty Midcap 100 index gaining 11.45% from April 07 lows, while its peers, Nifty Small cap 100 even gained higher, rallying 16% in the same period.
The frontline indices — Nifty 50 and Sensex — have also surged over 7.5% from their April 7 lows, another positive boost to the markets came as overseas investors returned to the Indian stock market after being net sellers for nine consecutive trading sessions. They ₹6,065 crore”>bought ₹6,065 crore worth of Indian stocks through exchanges.
The 90-day pause in the 26% reciprocal tariffs by US President Donald Trump has significantly boosted export-oriented sectors such as chemicals, textiles, and auto ancillaries. In addition, fisheries stocks have also made a strong comeback, while EMS stocks have reacted positively to the tariff pause.
Meanwhile, India and the United States are actively advancing discussions on a bilateral trade agreement, aiming to finalise the initial phase by September or October 2025.
The United States remains India’s largest trading partner, with bilateral trade exceeding $118 billion in the 2023–24 period. India has expressed its intent to double this figure to $500 billion by 2030.
“India has decided to go for a path of trade liberalisation with the US,” trade secretary Sunil Barthwal told reporters on Tuesday, April 15. India and the US will start virtual discussions this month, with the next round of in-person talks scheduled for mid-May, added Rajesh Agrawal, additional secretary in the trade ministry.
Stocks in the Electronic Manufacturing Services (EMS) sector have surged in the recent market rebound, driven by investor optimism that the sector is well-positioned to gain from the steep US tariffs on Chinese imports.
Kaynes Technology saw its shares gain 17.3% in the last week, while shares of Dixon Technologies also rallied over 17% during the same period. Chemical stocks have also gained sharply in recent sessions.
Other mid- and small-cap stocks, including Data Patterns (India), Mazagon Dock Shipbuilders, Apollo Tyres, Premier Energies, SAIL, and Solar Industries, have also gained between 5% and 10% in the past week.
Dr. V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said, “The market is indicating calm after the storm. But investors should not jump to the conclusion that stability has returned and that the market is poised for further upmoves. Since the trade war between the U.S. and China is heating up—following China’s latest decision to halt exports of rare earths and suspend Boeing orders—more actions, reactions, and volatility are on the cards.”
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
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