Sensex Soars 1,100 Points, Nifty Near 22,800 As Markets Cheer Trump Tariffs Pause

Updated April 11th 2025, 09:34 IST Sensex, Nifty Open On A High Note as Markets Cheer Trump Tariffs Pause Following a turbulent Wednesday and a market holiday on Thursday, the Indian stock market opened on a positive note as US President Donald Trump announced a 90-day pause on tariffs. The Sensex surged to 74,963.47, marking a significant gain of 1116.

32 points or 1.51% at the opening bell, while the Nifty also saw a robust start at 22,759.00, up by 359.



85 points or 1.61%. Top Gainers on Sensex are Tata Motors, Sun Pharma, Tata Steel, Tech Mahindra, L&T and HCL Tech and the losing laggards are Nestle India, TCS and Asian Paint Sudeep Shah, Deputy Vice President & Head of Technical & Derivatives Research at SBI Securities said, "Going ahead, considering the gap up opening, the zone of 22960-23000 will act as an immediate hurdle for the index.

If the index sustains above the level of 23000, then we may witness a sharp upside rally upto the 23200 level. While, on the downside, the zone of 22640-22600 will act as immediate support." For the Sensex, he said, "Going ahead, considering the gap-up opening, the zone of 74900-75000 will act as a crucial hurdle.

While, on the downside, the zone of 74000-73900 will act as crucial support for the index." US Markets Rattled as Tariff Reversal Fuels Recession Fears Just hours after US President Donald Trump sought to soothe investor nerves by pausing his aggressive tariff push, Wall Street was rocked by fresh turmoil. The White House reversed course, announcing a sharper-than-expected hike in tariffs on Chinese imports—reigniting fears of a global recession.

On Thursday, markets experienced intense volatility before ending the day with steep losses. The Trump administration revealed that tariffs on Chinese goods would rise to 145%, a significant jump from the previously discussed 125%. The news triggered a broad selloff.

The Dow Jones Industrial Average plunged more than 2,100 points at its lowest point of the session, before recovering somewhat to close down 1,014 points, or 2.5%. The S&P 500 dropped 3.

46%, while the tech-heavy Nasdaq Composite sank 4.31%. Tech Stocks Bear the Brunt Technology stocks were among the hardest hit in the rout.

Tesla fell 8%, Apple lost more than 4%, while Nvidia and Meta each dropped nearly 7%. Despite the market turbulence, the 10-year US Treasury yield held relatively steady at 4.39%.

Published April 11th 2025, 09:22 IST.