Categories: BusinessMarketsNiftySensexTop

Indian Markets Set for Gap-Up Start Despite Global Jitters: 12 Key Triggers You Should Know

Gift Nifty signals a strong open, even as Wall Street plunges, Asia bleeds, and Trump’s tariff war casts long shadows. RBI’s dovish stance, TCS earnings, and gold’s rally also steer investor sentiment.

Mumbai, April 11 – Indian equity benchmarks Sensex and Nifty 50 are poised for a gap-up opening on Friday, as indicated by Gift Nifty’s strong trade, despite weak global cues including a steep Wall Street selloff, sharp losses in Asian markets, and ongoing anxiety around US-China trade tensions.

Also Read: Trump’s China Tariffs Now Total 145%, White House Confirms Amid Rising Trade Tensions

Here are 12 overnight cues investors should track before market open:

1. Gift Nifty Signals Strong Start

Gift Nifty was trading around 22,940, a premium of nearly 460 points over the previous Nifty close of 22,399.15, indicating a positive start for Indian indices.

Also Read: Asian Markets Reel Under US-China Tariff Heat; Japan’s Nikkei Crashes Over 5%

2. Wall Street in Freefall

US markets tumbled on Thursday:

Dow Jones fell 1,014.79 points (–2.50%)
S&P 500 dropped 3.46%
Nasdaq crashed 4.31%

Heavyweight tech stocks led the fall — Apple (–4.24%), Nvidia (–5.91%), Tesla (–7.27%), AMD, and CarMax (–17%).

3. Trump’s 90-Day Tariff Pause & China Escalation

President Donald Trump announced a 90-day pause on reciprocal tariffs for non-retaliatory countries, while raising tariffs on China to 145% — intensifying global trade fears.

4. Asian Markets in Red

Mirroring Wall Street’s plunge:

Nikkei 225 slumped 5.46%
Topix fell 5.05%
Kospi dropped 1.55%
Hang Seng futures pointed to a weak open
ASX 200 declined 2.4%

5. RBI Turns Accommodative, Cuts Repo

The Reserve Bank of India cut the repo rate by 25 bps to 6%, shifted its stance to ‘accommodative’, and revised FY26 GDP forecast to 6.5% (from 6.7%).

6. Gold Nears Record High

Gold prices surged, nearing an all-time high amid global uncertainty:

Spot gold rose 1% to $3,205.53/oz
US gold futures hit $3,226.50/oz
Gold is up over 5% this week, driven by safe-haven demand.

7. Crude Oil Prices Slide

Brent crude dipped 0.47% to $63.03/barrel
WTI crude slipped 0.60% to $59.71/barrel, adding to a 3% drop from the previous session.

8. Dollar Weakens Sharply

The US dollar fell across the board:

Down 3.89% vs Swiss franc (10-year low)
Down 2.07% vs yen
Euro gained 2.23%

9. TCS Q4 Results Disappoint Slightly

Tata Consultancy Services (TCS) Q4FY25 results:

Net profit: ₹12,224 crore (–1.3% QoQ)
Revenue: ₹64,479 crore (+0.8% QoQ)
EBIT margin fell to 24.2%
Final dividend: ₹30/share

10. Indian Market Closed Thursday

Markets were shut on Thursday (Mahavir Jayanti), which may amplify Friday’s reaction to global cues.

11. US Inflation Dips

US CPI fell 0.1% in March, the first decline since May 2020. Annual inflation now stands at 2.4%, down from 2.8% in February.

12. US Jobless Claims Rise

Jobless claims rose slightly to 223,000, aligning with economist estimates, but indicating softening labor momentum.

Market Outlook

According to Siddhartha Khemka, Head of Research at Motilal Oswal,

“Volatility will remain elevated until clarity emerges on the US tariff regime. Quarterly earnings could also drive stock-specific moves.”

Tags:

Indian stock market, Gift Nifty, Sensex, Nifty 50, RBI repo rate cut, Trump tariffs, US China trade war, Wall Street crash, Asian markets, TCS Q4 results, gold prices, crude oil, US inflation, jobless claims

Misha Bhatia