Mumbai:

The Trump administration has announced suspension of additional tariffs on India for 90 days until July 9 this year.

The Sensex pack gainers included, Reliance Industries, Tata Steel, HCL Tech, Adani Ports, Tech Mahindra, Tata Motors, Sun Pharma, and Bajaj Finserv. Laggards included Nestle and Asian Paints.

South Korea’s Kospi and Tokyo’s Nikkei 225 index were trading lower while Hong Kong’s Hang Seng and Shanghai SSE Composite index traded marginally higher. Nikkei 225 index dropped 4 per cent.

The US stock markets ended significantly lower on April 10, 2025 after registered a sharp rally on 9th April. The Nasdaq composite tanked 4.31 per cent, S&P 500 slumped 3.46 per cent and Dow Jones Industrial Average dropped 2.50 per cent.

The BSE Sensex jumped 1,210.68 points to 75,057.83 in early trade on April 11, 2025, Friday. The NSE Nifty surged 388.35 points to 22,787.50. The benchmark equity indices jumped in early trade after the US announced suspension of additional tariffs on India for 90 days until July 9 this year.

“While intra-day volatility is expected to persist, one positive factor for India is that higher US tariffs on China may boost Indian exports to the US. Additionally, China’s retaliation could trigger a shift in FIIs from China to India,” Vikas Jain, Head of Research at Reliance Securities, said.

Foreign Institutional Investors (FIIs) sold equities worth Rs 4,358.02 crore on Wednesday.

“There is no room for a sustained rally in the market in the present uncertain context. But investors can take relief from the fact that Indian macros are good and we are one of the least impacted countries in this trade war,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

On 10th April, the 3-share BSE Sensex declined 379.93 points to close at 73,847.15. The Nifty dropped 136.70 points to 22,399.15.

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