Srinagar, April 8 -- Markets opened in green with the Sensex climbing over 1,000 points higher, a day after it saw itsworst single-day declinein 10 months amid fears of possible recession and higher inflation owing to a trade war started by tariffs imposed by US President Donald Trump.

Nifty and Sensex jumped over 1.5 per cent, with Nifty trading above 22,500 and Sensex above 74,200. All sectoral indices witnessed sharp recovery. Analysts said panic selling has settled, adding that Trump may rethink his aggressive tariff stance.

Markets in Australia and Asia showed signs of recovery. Japan's Nikkei index rose 6 per cent, rebounding from a 1.5-year low hit in the previous session, after Trump and Japan Prime Minister Shigeru Ishiba agree...