Priyanka Tiwari
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Global markets experienced high volatility in early April 2025 following US President Donald Trump’s announcement—and later suspension—of a 26% reciprocal tariff on Indian imports. The policy shift sent ripples across major stock indices, including India’s.
Indian Stock Market Performance
India’s Sensex and Nifty showed sharp movements in response to the tariff developments. After Trump’s April 2 announcement:
April 4: Sensex plunged over 2,000 points, while Nifty fell by over 3%.
April 11: Markets rebounded after a 90-day suspension of the tariffs.
Sensex surged over 1,300 points to reach around 75,158.
Nifty climbed nearly 2% to 22,821.
However, both indices remain below their pre-announcement levels, with Sensex previously at 76,617.
April-to-date loss:
Sensex: -3.49%
Nifty: -3.5%
US Market Reaction
US markets were heavily impacted by tariff fears and broader recession concerns:
Nasdaq Composite fell over 13% between April 2 and April 8.
S&P 500 and Dow Jones declined approximately 6% each in April so far.
Relief came briefly after the tariff pause, but ongoing US-China trade tensions continue to apply pressure.
China’s Market Slide
China faced the steepest losses among major economies:
Hang Seng: -9.25%
CSI 300: -4.39%
Other Asian Markets
Japan’s Nikkei: -0.87%
South Korea’s KOSPI: -0.61%
Indonesia’s Jakarta Composite: -4.76%
Taiwan’s TAIEX: -3.57%
European and South American Markets
UK’s FTSE 100: -6.56%
France’s CAC: -3.82%
Germany’s DAX: -2.56%
Brazil’s Ibovespa: -5.96%
April 2025 Global Stock Index Performance Summary
| Country | Stock Index | April Performance |
|---|---|---|
| China | Hang Seng | -9.25% |
| UK | FTSE 100 | -6.56% |
| US | S&P 500 | -6.13% |
| Brazil | Ibovespa | -5.96% |
| US | Dow Jones | -5.73% |
| Indonesia | Jakarta | -4.76% |
| China | CSI 300 | -4.39% |
| France | CAC | -3.82% |
| Taiwan | Taiex | -3.57% |
| India | Nifty | -3.5% |
| India | Sensex | -3.49% |
| Germany | DAX | -2.56% |
| Japan | Nikkei | -0.87% |
| South Korea | KOSPI | -0.61% |
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