Can US-Russia summit alleviate India’s concerns over Trump’s tariff policies?

August 8, 2025

Indian equity markets rebounded on Thursday, recovering from earlier losses fueled by tariff concerns. Optimism surrounding a potential Trump-Putin meeting spurred hopes for eased US-India trade relations, particularly regarding Russian oil purchases. The NSE Nifty and BSE Sensex both closed marginally higher, driven by short covering and positive momentum indicators, suggesting a possible continuation of the upward trend.

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