Mercury EV-Tech Stock Surges 5% in Powerful Market Rebound

Mercury EV-Tech stock was on a volatile trading day, with the benchmark indices recording sharp corrections, but the stock performed well and rose by almost 5 per cent in intraday trade. This recovery was in the face of investors grappling with geopolitical headwinds, which were occasioned by imposing another 25 per cent US tariff on Indian imports.

Broader Market Under Pressure

The domestic equity market was under pressure as the US President Donald Trump granted a new tax on Indian trade,…