April 8, 2025 – The Indian markets opened in the green and is trading with strong gains thus recovering some of the losses from the previous session. This was a day after Dalal Street logged the worst session in 10 months. In today’s trade, the benchmark Sensex jumped more than 1,100 points to trade above 74,200, while the Nifty 50 rallied 1.7% to surge above 22,500 level.

Currently, at 12:35 pm, the Nifty was trading at 22,637.75, up 476.15 (2.15%) while the Sensex was at 74,796.53, up 1,658.63 (2.27%)

Global trade tensions and rising recession fears in the US continue to mount as US President Donald Trump remains firm on tariffs leading to volatile sessions in the global markets. In the US markets, the S&P 500 and Dow Jones Industrial Average closed lower yesterday, April 7. The Dow Jones dropped 349.26 points, or 0.91%, closing at 37,965.60. The S&P 500 lost 11.83 points, or 0.23%, to end at 5,062.25. The Nasdaq Composite saw a slight gain, rising 15.48 points, or 0.10%, to 15,603.26.

The highest closing point for the S&P was in February after which it has fallen 20%. It would formally signal the beginning of a bear market from February onwards if the S&P ends at this level or below 500.

The turmoil on Wall Street was driven by investor fears of an economic slowdown and rising inflation. There was a brief rally in yesterday’s trade following a news report that Trump could put a 90-day hold on tariffs. However, after the White House called it fake news, the markets began to plummet again.

Amid the growing uncertainty, many traders are investing in government bonds as a safe haven.

Trump has warned that he could further hike tariffs on China. This could escalate tensions in trade negotiations and lead to backlash from Beijing. As a result, Asian markets too have seen relentless sell-off.