This Sergio Gor Remark Triggers 700-Point Recovery In Sensex Within An Hour

Indian equities staged a strong recovery on Monday, with the BSE Sensex rebounding from its intraday lows to close in positive territory after a sharp midday sell off. This is in response to statements made by the United States Ambassador to India, Sergio Gor. 

Indices Stage Quick Comeback From Sharp Losses

The BSE Sensex fell as much as 715.17 points to an intraday low of 82,861.07, but a sharp turnaround wiped off the losses in about an hour of trade to surge into the green. The Nifty 50, which had fallen below the 25,500 mark, recovered quickly. In the early afternoon, the Nifty was trading up 37 points at 25,738.40, while the Sensex was up 71 points at 83,647.17.

Trade Agreement Assurances Ignite Buying

Stocks surged on the strength of improved vibes, which came in response to the optimistic remarks made by the United States Ambassador to India, Sergio Gor. on India U.S. bilateral trade prospects. His statements directly addressed concerns regarding the two-way trade relationship between India and America. Ambassador Gor made it clear that no country is as valued to America as India under Donald Trump’s administration.

Gor also gave markets another boost: President Trump is planning to visit India in the next year or two. “The U.S. and India have an authentic relationship,” Trump said. “Yes, we’ll have differences, but we have such an incredible bond – it’ll weather all of those things.” This helped to calm markets that have been worried by rumors of high tariffs imposed on those who are trading with Russia.

Export-Oriented Stocks Surge

These upbeat statements have instantly lifted the export-driven sectors, including the textile and fishery sectors, which have come under strong selling pressure in the previous week due to tariffs.

• Textiles and Apparel: Gokaldas Exports, which generates more than 60% of its sales from the US, surged nearly 7% to an intraday high of ₹648.5. Even KPR Mill received equally enthusiastic buying support and surged nearly 7%.Pearl Global and Kitex Garments were also party to this rally with an increase of nearly 3%.
• Sea Food and Aquaculture: Shrimp exporters, who were sensitive to changes in US trade policies, followed suit. Avanti Feeds rallied from a day’s low and rallied more than 2% to ₹802.5. Apex Frozen Foods. Apex Frozen Foods jumped about 7% to ₹268.95, while Coastal Corp escalated about 2%. MarketRapid retraction in these shares also marks the beginning of investors’ re- valuation of the risk posed by US trade policies following the latest diplomatic clearance.

The markets recoiled sharply but quickly recovered from the dip. Some export-related sectors too turned around from the slump and are a testament to how volatile markets are when it comes to geopolitical cues.