The Nifty 50 Index of India's National Stock Exchange (NSE) stages a strong rebound; Chinaamc Msci India Etf (03404.HK) surges nearly 3% in afternoon trade.

NewTimeSpace News– Indian Prime Minister Narendra Modi and U.S. President Donald Trump held a telephone conversation on Tuesday to discuss the Middle East situation, including the importance of keeping the Strait of Hormuz open. This marks the first call between the leaders of India and the U.S. since the coordinated strikes by the U.S. and Israel against Iran on February 28.

Subsequently, India's NIFTY index rose 2% to 23,372.15 points. Chinaamc Msci India Etf(03404.HK)continued to climb in afternoon trading, gaining nearly 3% as of 13:50 local time.

Hong Kong Exchanges and Clearing data shows that Chinaamc Msci India Etf(03404.HK)tracks theMSCI India Net Total Return Index, MSCI's flagship benchmark measuring the combined performance of large-cap and mid-cap Indian equities. The index is free float-adjusted market capitalization weighted and covers approximately 85% of the investable market capitalization of the Indian equity market, currently comprising 158 constituents.

Notably, since its inception in 2001, the index has exhibited high volatility and high growth characteristics: as of end-July 2025, it delivered an annualized net return of approximately 12.9% over 22 years, cumulatively rising more than 28-fold, with annualized volatility of around 22% during the same period.

Speaking in Parliament on Monday, Modi stated that the current crisis has posed unprecedented challenges for India, but added that the country's economic fundamentals remain robust, with sufficient reserves of petroleum, fertilizers, and coal to cope with disruptions in trade and energy supplies.

According to data intelligence firm Kpler, Indian refiners have purchased approximately60 million barrelsof Russian crude oil for delivery next month, alleviating concerns over oil supply disruptions caused by the Middle East conflict. The booking price for these crude cargoes stands at a premium of$5 to $15 per barrelabove Brent crude prices.

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