Sensex Reclaims 75,100, Nifty Closes Nearly 2 Per Cent Higher Following Trump’s Tariff Pause

The current week has been a blockbuster one for Indian stock market investors. The headline indices made a brief recovery as trading activity resumed on D-street on April 11 after the market holiday on April 10.

The Sensex closed 1,310.11 points or 1.77 per cent higher at 75,157.26. The Nifty closed higher by 429.4 points or 1.92 per cent at 22,828.55 levels as the market factored in Donald Trump’s 90-day tariff pause.

Top Gainers And Losers On April 11

As many as 46 constituents of the Nifty 50 index closed in the green. One stock remained unchanged and three closed in the red. Domestic metal sector stocks emerged as top-gainers with Hindalco Industries, JSW Steel and Tata Steel shares closing higher by up to 6.7 per cent on the NSE. On the other hand, shares of Tata Consultancy Services, Apollo Hospitals Ltd and Asian Paints declined as much as 0.75 per cent.

All Sectoral Indices Close In Green

All major sectoral indices closed in the green with the Nifty Metal, and Nifty Pharma gaining 4.09 per cent and 2.43 per cent at the close respectively. The broader market indices also gained, erasing the losses made in the previous session. The Nifty MidCap 100 and the Nifty SmallCap 100 closed higher by 1.85 per cent and 2.88 per cent respectively. The India VIX which is an indicator of volatility also declined 6.17 per cent at the close, indicating a reduction in volatility in upcoming trades amid Trump’s tariff pause announcement.

Global Markets

Wall Street indices mixed with Dow Jones Futures closing higher by 0.55 per cent. On the other hand, the S&P 500 and the Nasdaq closed lower by as much as 4.31 per cent. At the time of writing, European indices such as the FTSE 100 traded higher by up to 0.85 per cent, while the CAC 40 and DAX Performance Index traded lower by as much as 0.75 per cent. Asian indices such as the Hang Seng, Shanghai Composite and the Taiwan Weighted Index traded higher by up to 2.71 per cent higher.

Cues To Watch

The upcoming week is expected to be a truncated one with two trading holidays on April 14 and April 18 respectively on account of Dr Bhimrao Ambedkar Jayanti and Good Friday. D-street will continue to respond to US-China trade tensions in the upcoming week and other key events such as the ongoing earnings seasons.