New Delhi, April 3 -- Indian benchmark indices, Sensex and Nifty, staged a strong recovery on Thursday, erasing early losses triggered by US tariff concerns.

The Sensex rebounded nearly 700 points from its intraday low, while the Nifty gained 160.7 points to touch 23,306.50. The recovery was led by a rally in pharmaceutical stocks and cooling crude oil prices, which helped offset the initial sell-off sparked by US President Donald Trump's new tariff measures.

On April 2, 2025, President Trump unveiled a new tariff strategy, termed "Liberation Day", aimed at correcting trade imbalances. The plan imposes a universal 10 percent tariff on all imports, effective April 5, with country-specific reciprocal tariffs starting April 9. India was am...