According to Ambreesh Baliga, an independent analyst, "It's essentially a pullback rally following a prolonged decline in the Indian market".
Mishra, however, believes that traders should remain cautious and avoid getting carried away.“It’s advisable to wait for a decisive reversal signal and use the rebound as an opportunity to reduce exposure to weak sectors and stocks,” Mishra said.
On Trump tariffs, Canada’s Prime Minister, Justin Trudeau, called the move “very dumb” in direct comments to President Trump, while Mexico’s President, Claudia Sheinbaum, announced that her government would release its own countermeasures soon.
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