Indian markets are set for an eventful trading session on April 11, with global and domestic factors shaping investor sentiment. Here are the top cues influencing today’s trade:
Key Global Cues:
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Trump’s Tariff Pause: U.S. President Donald Trump announced a 90-day suspension of reciprocal tariffs for most countries, triggering a relief rally in global equities. However, China remains under pressure with a steep 145% tariff rate, keeping trade tensions alive.
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Wall Street Volatility: Despite the tariff pause, Wall Street witnessed a sharp sell-off overnight, with the S&P 500 falling 3.46%, Nasdaq down 4.31%, and Dow Jones losing 2.5%. U.S. stock futures show modest recovery, with gains of 0.1%–0.3%.
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Asian Market Declines: Asia-Pacific indices mirrored Wall Street’s losses, with Nikkei plunging 5.2%, Topix sliding 5%, and Kospi down 1.9%. Weak sentiment in Asian equities could weigh on Indian benchmarks.
Domestic Cues:
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GIFT Nifty Signals Positive Start: GIFT Nifty futures jumped 451 points to trade at 22,931 early this morning, indicating a gap-up opening for Sensex and Nifty50 despite weak global cues.
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RBI’s Growth Pivot: The Reserve Bank of India’s repo rate cut and shift to a neutral stance signal support for growth amid economic uncertainty, boosting market optimism.
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Sectoral Focus: Pharma stocks are likely to lead gains after the Nifty Pharma index surged over 3% in the previous session.
Market Outlook
With mixed global signals and domestic policy support, Indian markets are expected to remain volatile but resilient today.
Source: Business Standard, MoneyControl, DSIJ