Markets surge as Trump pauses India tariffs, RBI turns dovish, and broad-based buying lifts mid- and small-caps. Here’s why Dalal Street is on fire today.
Mumbai, April 11 – Indian stock markets are witnessing a strong rally on Friday, with benchmark indices posting sharp gains in early trade. The BSE Sensex surged over 1,100 points, crossing 75,100, while the Nifty 50 breached the 22,700 mark, hitting an intraday high of 22,784.
The Bank Nifty also saw a robust move, opening at 50,634 and rallying to 50,968, gaining over 728 points in minutes after the opening bell.
The rally isn’t limited to large-cap indices. Broader markets joined the party too:
- BSE Small-cap index surged over 2%
- BSE Mid-cap index jumped 1.85%
Market experts attribute this bullish momentum to a combination of global relief and domestic optimism.
Here Are 5 Reasons Why the Market Is Skyrocketing Today:
Also Read: Asian Markets Reel Under US-China Tariff Heat; Japan’s Nikkei Crashes Over 5%
1. Trump’s 90-Day Tariff Pause on India
US President Donald Trump’s decision to suspend the 26% tariff on Indian imports for 90 days has lifted global investor sentiment. The move reduces trade uncertainty for Indian exporters and boosts foreign investor confidence.
2. RBI’s Accommodative Stance
The Reserve Bank of India recently cut the repo rate by 25 bps to 6% and changed its stance to ‘accommodative’. This has raised hopes of lower borrowing costs and improved liquidity in the system — a big positive for equities.
3. Strong Broad Market Participation
The rally is not limited to heavyweight stocks. Participation from mid-cap and small-cap segments shows broad-based investor confidence, indicating that the rally has depth and isn’t just index-led.
4. Technical Breakout and Gap-Up Start
The Gift Nifty indicated a strong start for Indian equities, trading nearly 460 points above Nifty’s previous close. This helped trigger a gap-up opening, encouraging momentum traders and short-covering rallies.
5. Global Cues and Safe-Haven Flow to Emerging Markets
While global markets were shaky after Wall Street’s fall, India stood out as a relatively stable and promising market. With gold and oil stabilizing and the dollar under pressure, emerging markets like India are seeing renewed FII interest.
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