Share Market: India’s benchmark indices, Sensex and Nifty50, opened in green on Friday, April 11, 2025. The Sensex (index with top 30 firms) surged 1,061.26 points to open at 74,941.53 points on Friday. Meanwhile, Nifty50 (index with top 50 firms) opened 354.90 points higher at 22,754.05 points.
This surge came after US President Donald Trump announced a 90-day half on tariffs for 75 countries, including India. There is a temporary relief for some countries. However, the trade war between the US and China continued to intensify as on Wednesday, President Trump announced an immediate hike in tariffs on Chinese goods to 125%. Notably, this was in response to China raising its tariffs on US goods from 34% to 84%, effective from April 10.
However, in a significant relief, US President Trump stated that he would reduce tariffs for the 75 countries currently engaged in trade talks with the United States, offering a 90-day break and a lower reciprocal tariff structure. Notably, India is among these countries.
Share Market: What Experts Are Saying?
Ajay Bagga, banking and market expert, explained, “Indian markets will open with a gap up, largely due to the Wednesday US market surge following the Trump reciprocal tariffs postponement for 90 days. However, the Thursday fall in the US markets led to a fall in the Gift Nifty as well. Hence, versus a 700 plus rally on Wednesday, on Friday morning, the Gift Nifty premium to the domestic Nifty future close of Wednesday afternoon is down to 400 points, Si positive open, but momentum is reduced.”
He added, “With Monday again being an Indian market holiday, positions will be reduced this afternoon. So a gap-up open could end with a flattish Indian market. The US dollar index falling to 100 levels ( DXY) is positive for EM flows eventually, but the sentiment is fragile and frayed. So, caution is advised. Gold has seen sustained inflows as safe haven buying has gone into gold, Japanese yen and Swiss Franc.”
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