India, April 8 -- Indian markets bounced back on Tuesday after a major crash on Monday amid fears of a trade war due to tariffs imposed by the US on its trade partners. Tuesdays' recovery was led by bargain hunting and a broader recovery across Asian markets.

The US markets were the first to have calmed somewhat after the shock over the tariffs announced by President Donald Trump. Soon after the US futures advances on Tuesday, Japan's index Nikkei 225 shot up by 6 per cent.

Investors and traders in India also took an optimistic approach today, and both benchmark indexes - Sensex and Nifty - are up over 2%. At 1.30 pm, the Sensex is trading 1,600 points up at 74,784.10, while the Nifty is up 491 points at 22,667.

The Nifty and Sensex ha...