Overview
- The Indian stock market rebounded on April 15, with the Sensex rising 1,386 points (1.84%) and the Nifty gaining 413 points (1.81%) at opening trade.
- This rally follows U.S. President Donald Trump's announcement of a 90-day pause on new tariffs for nations excluding China, easing global trade tensions.
- Earlier in April, the Indian markets experienced significant losses, with the Sensex dropping nearly 2% and over ₹11.30 lakh crore in market capitalization wiped out due to tariff fears.
- Analysts remain cautious, predicting continued uncertainty for the next three to six months due to fears of a U.S. economic slowdown and global recession risks.
- Technical indicators show a bullish trend, with the Sensex closing above key moving averages and forming a bullish Marubozu candle, signaling potential upward momentum.