India, Aug. 7 -- Indian markets seemed to ignore US President Donald Trump's 50 per cent tariff threat with Sensex and Nifty both recovering from their day's lows demonstrating resilience despite prevailing global uncertainties.

According to reports, the recovery was primarily driven by buying in banking, pharma and select IT sectors. Apparently, some analysts believe that Trump' tariff may end up benefiting IT services through currency depreciation. Though markets did open under pressure initially, shrugging off apprehensions, they rebounded strongly

"Both BSE Sensex and NSE Nifty staged a strong rebound, dismissing all the fears sparked by Trump's announcement of fresh tariffs on Indian imports," they said

"After falling nearly 0.9% ...