On April 11, 2025, Indian stock markets opened with a strong rally, driven by positive global cues following a temporary reprieve in US tariffs. The Sensex jumped by over 1,300 points, reaching 75,166.06, while the Nifty surged more than 430 points to hit 22,824.45. This boost in sentiment was largely attributed to a 90-day tariff relief announced by the US for countries other than China, sparking hopes of potential negotiations.
Among the Nifty indices, Pharma led the rally with a 3.43% gain, followed by Metals and Healthcare, which rose 2.93% and 2.73% respectively. The Nifty Microcap 250 also outperformed, gaining 2.29%. Top gainers in this segment included Pearl Global Industries and Garware Hi-Tech Films, both up 10%.
Despite heightened market volatility due to recent US tariff hikes on Chinese goods (as high as 145%), the India VIX declined by 6.14%, signaling improving investor confidence. Axis Securities noted that while volatility remains high, the markets displayed resilience by trading within a tight range.
On the corporate front, TCS stock dipped 0.55% after reporting a 1.67% drop in Q4 net profit due to rising expenses, despite a 5.29% revenue increase. Only two Sensex stocks—TCS and Asian Paints—were in the red.
Top Sensex gainers included Tata Steel (+6.09%), Tata Motors (+4.74%), and UltraTech Cement (+4.18%). Analysts believe global developments and tariff dynamics will continue to influence market direction in the near term.
