India, April 2 -- Indian shares bounced back on Wednesday, after having suffered heavy losses in the previous session amid heightened uncertainty over U.S. President Donald Trump's tariff announcements expected later in the day.
The new tariff rates, which will apply to all countries, will take effect immediately after they are announced at 2000 GMT.
The Washington Post reported that White House aides had drafted a plan for a 20 percent tariff on most U.S. imports.
The benchmark S&P/BSE Sensex jumped 592.93 points, or 0.78 percent, to 76,617.44, with banks and IT stocks leading the surge,
The broader NSE Nifty index closed up 166.65 points, or 0.72 percent, at 23,332.35 while the BSE mid-cap and small-cap indexes surged 1.4 percent and ...