Indian equity markets witnessed a sharp rebound today, as benchmark indices rallied nearly 2% following a 90-day pause on reciprocal tariffs announced by US President Donald Trump for all countries except China. This move brought relief to global markets and triggered across-the-board buying on Dalal Street after a holiday-induced break.However, caution remains. China announced it would retaliate with additional tariffs on the US goods from April 12, taking the total duty to 125%, in response to the US raising tariffs on Chinese imports to 145%.
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