Markets rally: Sensex gains 1,310 pts as US pauses tariff

Markets on Dalal Street opened with optimism post-holiday, rallying close to 2 percent on Friday, broad-based buying resumed following US President Donald Trump’s 90-day suspension of reciprocal tariffs—excluding China. The 10 percent base tariffs, however, will stay.At close, the Sensex was up 1,310.11 points or 1.77 percent at 75,157.26, and the Nifty was up 429.40 points or 1.92 percent at 22,828.55.
Hindalco Industries, Tata Steel, JSW Steel, Coal India, Jio Financial were the top gainers on the Nifty, while losers included TCS, Asian Paints and Apollo Hospitals.On the sectoral front,all the sectoral indices ended in the green with Metal index rose 4 percent, while Auto, Oil & Gas, Power, PSU, Telecom, Pharma up 2 percent each.The BSE midcap index was rose 1.8 percent and smallcap index added 3 percent.
Market This Week:
●Market sees a minor fall this week, but relatively outperforms global markets,
●Nifty, Sensex & Midcap index slips 0.3 percent each & Nifty Bank nearly 1 percent,
●Friday’s gains of 2 percent help market cut its weekly losses,
● IT, metal & realty are worst performing sectors, indices down 2-4 percent,
●PSU & FMCG are top gaining indices, up 2-4 percent
For the week, BSE Sensex and Nifty50 indices lost 0.3 percent each. The market will remain shut on Monday, April 14 on account of Dr. BabaSaheb Ambedkar Jayanti.
Rupee Close:
On 11 April'25,the Indian rupee ended 61 paise higher against the greenback to settle at 86.07 on Friday due to a sharp correction in the US dollar and a strong rebound in the domestic equity markets. The surge in the local unit came a day after US President Donald Trump suspended the 26 per cent tariffs on India till July 9.
Trading Guide:
Vinod Nair, Head of Research, Geojit Investments reportedly quoted as saying,an unexpected pause on reciprocal tariffs by the US provided relief in the midst of the uncertainty. Though the IT major’s result missed the street estimates, it opines optimism in the latter half of FY26 owing to growth in the order book. Any development in the bilateral trade negotiations can alter the near-term outlook on the export-driven sectors. The supportive domestic environment with an ease in interest rates and a benign inflation trajectory is encouraging investors to have a balanced portfolio to aid in a better risk-reward in the long term.
Market experts have recommended five shares to buy— Deepak Frtlsrs and Ptrchmcls Corp, Orient Cement, SPML Infra, GRM Overseas, and Ramco Systems.

(Business Correspondent)