From the Sensex firms, Tata Motors, Sun Pharma, Tata Steel, HCL Tech, Tech Mahindra, Bajaj Finserv, Adani Ports and Reliance Industries were among the biggest gainers. File
| Photo Credit: Reuters

Benchmark equity indices surged in early trade on Friday (April 11, 2025) after the U.S. announced suspension of additional tariffs on India for 90 days until July 9 this year.

The 30-share BSE benchmark Sensex jumped 1,210.68 points to 75,057.83 in early trade. The NSE Nifty surged 388.35 points to 22,787.50.

The U.S. has announced suspension of additional tariffs on India for 90 days until July 9 this year, according to the White House executive orders.

Also read: Trump global tariffs, April 11, 2025 highlights

On April 2, U.S. President Donald Trump slapped universal duties on about 60 countries exporting goods to America and additional steep levies on countries like India, potentially impacting sales of products from shrimp to steel in the world’s biggest economy.

From the Sensex firms, Tata Motors, Sun Pharma, Tata Steel, HCL Tech, Tech Mahindra, Bajaj Finserv, Adani Ports and Reliance Industries were among the biggest gainers.

Asian Paints and Nestle were the only laggards.

In Asian markets, Tokyo’s Nikkei 225 index and South Korea’s Kospi were trading lower while Shanghai SSE Composite index and Hong Kong’s Hang Seng quoted marginally higher. Tokyo’s Nikkei 225 index dropped 4%.

U.S. markets ended significantly lower on Thursday (April 10, 2025) a day after a sharp rally. The Nasdaq composite tanked 4.31%, S&P 500 slumped 3.46% and Dow Jones Industrial Average dropped 2.50%.

“While intra-day volatility is expected to persist, one positive factor for India is that higher U.S. tariffs on China may boost Indian exports to the U.S. 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) offloaded equities worth ₹4,358.02 crore on Wednesday (April 9, 2025).

Indian stock markets were closed on Thursday (April 10, 2025) for Shri Mahavir Jayanti.

“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,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

Global oil benchmark Brent crude declined 0.36% to $63.10 a barrel.

On Wednesday (April 10, 2025), the BSE benchmark dropped 379.93 points or 0.51% to settle at 73,847.15. The Nifty declined 136.70 points or 0.61% to 22,399.15.