{"id":355579,"date":"2025-08-07T16:50:45","date_gmt":"2025-08-07T11:20:45","guid":{"rendered":"https:\/\/tehelka.com\/?p=355579"},"modified":"2025-08-07T17:49:15","modified_gmt":"2025-08-07T12:19:15","slug":"indian-markets-ignore-trumps-tariff-threats-end-in-green","status":"publish","type":"post","link":"https:\/\/tehelka.com\/indian-markets-ignore-trumps-tariff-threats-end-in-green\/","title":{"rendered":"Indian markets ignore Trump\u2019s tariff threats, end in green"},"content":{"rendered":"\n
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Indian markets seemed to ignore US President Donald Trump\u2019s 50 per cent tariff threat with Sensex and Nifty both recovering from their day\u2019s lows demonstrating resilience despite prevailing global uncertainties.<\/p>\n\n\n\n

According to reports, the recovery was primarily driven by buying in banking, pharma and select IT sectors. Apparently, some analysts believe that Trump\u2019 tariff may end up benefiting IT services through currency depreciation.  Though markets did open under pressure initially, shrugging off apprehensions, they rebounded strongly <\/p>\n\n\n\n

\u201cBoth BSE Sensex and NSE Nifty staged a strong rebound, dismissing all the fears sparked by Trump\u2019s announcement of fresh tariffs on Indian imports,\u201d they said<\/p>\n\n\n\n

\u201cAfter falling nearly 0.9% in early trade, the benchmark indices ended in positive terrain, driven by value buying,\u201d analysts said, adding that the 21-day implementation window (given by Trump) also gave some negotiation space. Plus, of course, the market\u2019 ability to recover from intraday lows also proved India\u2019s underlying strength and buying appetite at lower levels, they added.<\/p>\n\n\n\n

Trump on Wednesday announced an additional 25 percent tariff on India for purchases of Russian oil, bringing the total duties on India to 50 percent, among the highest for any country in the world. India in response said it will take \u201call actions necessary to protect its national interests\u201d<\/p>\n\n\n\n

Prime Minister Narendra Modi on Thursday also gave a veiled response to Trump’s tariff threats on India, saying that India will “never compromise” on the interest of farmers and that their interests were his government’s top priority. “For us, the interest of our farmers is our top priority. India will never compromise on the interests of farmers, fishermen and dairy farmers,” PM Modi said, speaking at the MS Swaminathan Centenary International Conference.<\/p>\n\n\n\n

Without naming the US or Trump, PM Modi added that he was aware of the cost of taking such a stand. “I know we will have to pay a heavy price for it and I am ready for it. India is ready for it, he said<\/p>\n\n\n\n

The official statement by the Ministry of External Affairs noted that the \u201cUnited States has in recent days targeted India\u2019s oil imports from Russia\u201d while India made clear its position on these issues, \u201cincluding the fact that our imports are based on market factors and done with the overall objective of ensuring the energy security of 1.4 billion people of India.\u201d<\/p>\n\n\n\n

\u201cIt is therefore extremely unfortunate that the US should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest,\u201d it said, reiterating \u201cthese actions are unfair, unjustified and unreasonable.\u201d<\/p>\n\n\n\n

\u201cIndia will take all actions necessary to protect its national interests,\u201d it added<\/p>\n","protected":false},"excerpt":{"rendered":"

Indian markets seemed to ignore US President Donald Trump\u2019s 50 per cent tariff threat with Sensex and Nifty both recovering from their day\u2019s lows demonstrating resilience despite prevailing global uncertainties. According to reports, the recovery was primarily driven by buying in banking, pharma and select IT sectors. Apparently, some analysts believe that Trump\u2019 tariff may […]<\/p>\n","protected":false},"author":19,"featured_media":336608,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[14887,15084,36],"tags":[18841,19875,19535],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/355579"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=355579"}],"version-history":[{"count":2,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/355579\/revisions"}],"predecessor-version":[{"id":355581,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/355579\/revisions\/355581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/336608"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=355579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=355579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=355579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}