Indian Markets Rise as Trump Withdraws Greenland Tariff Threat

Stocks in India opened higher Thursday as President Trump withdrew his proposed tariff threat on Greenland, easing trade tensions that had rattled global markets. The BSE Sensex gained 0.8% at the opening bell, while the NSE Nifty 50 added 0.9%. The development follows Trump's earlier announcement last week that he would impose tariffs on Greenland unless the territory agreed to a trade deal. The move had raised concerns about potential disruptions to supply chains and increased costs for multinational corporations operating in the region. Analysts noted that the resolution helps restore investor confidence in global trade stability. The Indian rupee strengthened slightly against the U.S. dollar, reflecting improved risk sentiment among international investors.