Indian markets are predicted to open well on Friday, 11 April, with GIFT Nifty trends pointing to a healthy gain of 600 points, or 2.5%, following US President Donald Trump’s announcement of a 90-day freeze on extra tariffs for various nations, which caused a significant rebound in global stocks.

The action, which Trump defended as a reaction to correspondence from more than 75 nations seeking communication, was sufficient to change investor sentiment in a single day. The Dow Jones was up 2,300 points, or 7%, the S&P 500 was up 8%, and the Nasdaq was up 10%.

Despite the fact that the tariff relief was only available to a few nations, Trump increased import levies to 125% with immediate effect, putting additional pressure on China. For the time being, the larger relief rally seems to have gained traction despite the tension between the US and China.

In addition, the RBI’s decision to cut interest rates for the second consecutive time will be relevant on 11 April, when markets resume after the 10 April Mahavir Jayanti holiday.

On 9 April, benchmark indices Nifty and Sensex continued to trade with heavy losses, weighed down by steep drops in IT, metal, pharmaceutical, and public sector bank stocks. The broader market reflected the bearish attitude, with the midcap and smallcap indices falling 0.5% and 0.9%, respectively. 

Nestle, HUL, Tata Consumer Products, Titan Company, and Power Grid Corp. were among the Nifty’s biggest gainers. The biggest losers were Wipro, SBI, L&T, Trent, and Tech Mahindra.