GIFT Nifty Soars as Trump’s Tariff Pause Boosts Indian Markets

Indian stock markets are poised for a strong opening on Friday, April 11, following a dramatic overnight shift in global investor sentiment triggered by US President Donald Trump’s announcement of a 90-day pause on new tariffs for several countries. The GIFT Nifty, an early indicator of market trends, soared by 600 points or 2.5%, reflecting optimism after Trump’s decision, which he attributed to outreach from over 75 nations seeking negotiations. Trading will resume on April 11 after the Mahavir Jayanti holiday closure on April 10.
The tariff pause sparked a global equity rally, with the S&P 500 surging 8%, the Dow Jones leaping 2,300 points or 7%, and the Nasdaq climbing 10%. While the relief was selective, Trump intensified pressure on China by raising tariffs on its imports to 125% with immediate effect. Despite this escalation, the broader market relief rally has taken precedence for now.
Adding to the bullish outlook, the Reserve Bank of India (RBI) cut interest rates for the second consecutive time, a move expected to bolster market sentiment on April 11. Anirudh Garg, Partner and Fund Manager at Invasset PMS, remarked, “The RBI’s decisive shift toward growth, backed by a revised FY26 CPI forecast of 4%, provides a cushion for demand without jeopardizing macroeconomic stability.”
VK Vijayakumar of Geojit Financial Services noted, “India is likely to emerge as one of the least affected major economies amid this ‘Trump shakeout.’ The sharp decline in crude oil prices further strengthens India’s position.”
In contrast, the Indian markets struggled in their last session on April 9, with the Nifty and Sensex posting steep losses due to heavy selling in IT, metal, pharma, and PSU bank stocks. The Sensex closed down 379.93 points at 73,847.15, while the Nifty fell 136.70 points to 22,399.15. Midcap and smallcap indices mirrored the downturn, slipping 0.5% and 0.9%, respectively. Analysts caution that valuations remain elevated despite the pullback. Top Nifty gainers included Nestle, HUL, Tata Consumer Products, Titan Company, and Power Grid Corp, while Wipro, SBI, L&T, Trent, and Tech Mahindra led the losers.
Disclaimer: The opinions and investment insights shared by experts in this Procapitas News report are their own and do not reflect the views of Procapitas News or its management. Readers are encouraged to consult certified financial experts before making investment decisions.