Fri Apr 11 04:57:25 UTC 2025: ## Indian Stock Markets Surge After US Suspends Tariffs
**Mumbai, April 11, 2025** – Indian benchmark equity indices soared on Friday following a 90-day suspension of additional US tariffs on Indian goods. The BSE Sensex jumped 1,210.68 points to 75,057.83, while the NSE Nifty surged 388.35 points to 22,787.50.
The White House announced the tariff suspension, effective until July 9th, reversing a decision earlier this month by President Trump to impose universal duties on goods from approximately 60 countries, including steep levies on India. This decision comes as the global market grapples with trade tensions and recent market volatility.
Several Sensex companies, including Tata Motors, Sun Pharma, Tata Steel, HCL Tech, Tech Mahindra, Bajaj Finserv, Adani Ports, and Reliance Industries, experienced significant gains. However, Asian Paints and Nestle saw losses. The positive news for India contrasts with negative trends in some Asian markets, with Tokyo’s Nikkei 225 index falling 4%. US markets also closed significantly lower on Thursday.
Despite the positive market reaction, analysts remain cautious. Vikas Jain of Reliance Securities noted that while higher US tariffs on China could benefit Indian exports, intra-day volatility is expected to continue. V.K. Vijayakumar of Geojit Investments Limited cautioned against predicting a sustained rally, highlighting the current uncertain global context. He did however add that India’s strong macroeconomic fundamentals offer a degree of resilience.
Foreign Institutional Investors (FIIs) sold off ₹4,358.02 crore worth of equities on Wednesday. The Indian stock markets were closed on Thursday for Shri Mahavir Jayanti. Brent crude oil prices also saw a slight decline, falling 0.36% to $63.10 a barrel.
First Piper 