Indian stock markets experienced a significant surge on Friday, April 11, 2025, following the U.S. government’s announcement of a 90-day suspension of additional tariffs on Indian imports. This move, effective until July 9, 2025, was formalized through a White House executive order and was perceived by investors as a positive development amidst ongoing global trade uncertainties.
The BSE Sensex climbed 1.90% to close at 75,247 points, while the NSE Nifty50 rose 1.97% to settle at 22,840 points. This rally added approximately ₹6.97 lakh crore to the market capitalization of all listed companies on the BSE, bringing the total to ₹400.79 lakh crore.
The suspension of the additional 26% tariffs, initially imposed by President Donald Trump on April 2, 2025, as part of broader duties on exports from around 60 countries, was seen as a relief for Indian exporters. The tariffs had the potential to impact a wide range of products, including shrimp and steel.
Market sentiment was further bolstered by gains in various sectors. Top gainers from the Sensex pack included Tata Motors, Sun Pharma, Tata Steel, Tech Mahindra, Bajaj Finserv, and HCL Tech, with increases ranging between 2% and 4.5%. However, Tata Consultancy Services (TCS) shares opened marginally lower after reporting a 1.7% year-on-year decline in consolidated net profit for Q4FY25, amounting to ₹12,224 crore, which missed analysts’ estimates.
The positive momentum in the Indian markets mirrored global trends, as Wall Street had rallied earlier in the week following President Trump’s decision to temporarily ease some recently imposed tariffs while tightening measures on China. This development lifted global market sentiment and triggered gains across Asian markets.
Despite the current optimism, market analysts caution that volatility may persist due to the evolving nature of global trade policies and their potential impact on various sectors.
