Trump Reversal on Greenland and EU Tariffs Boosts Asian Markets
President Trump's decision to drop plans for Greenland acquisition and EU tariffs reversed market declines, boosting Indian and Asian equities.
Insights:
In a significant policy reversal, U.S. President Donald Trump donald trumpannounced he has ruled out the use of force to acquire Greenland and dropped plans for new tariffs on European allies. This announcement has immediately triggered a positive response in the global markets, particularly across Asian equities, as geopolitical tensions eased.
Indian equity indices, which had experienced a decline over the past three sessions, showed signs of recovery. The Nifty 50 rose 0.74% to 25,344.15, while the BSE Sensex added 0.67% to 82,459.66 as of 9:15 a.m. IST on January 22, 2026. The rebound was broad-based, with all 16 major sectors logging gains. Small-caps and mid-caps also rose about 1% each, indicating a widespread relief among investors.
