Closing Bell | April 11, 2025 — Indian equity markets ended the week on a high note, with strong global cues fueling a broad-based rally. The Sensex jumped 1,310.11 points (1.77%) to close at 75,157.26, while the Nifty climbed 429.40 points (1.92%) to settle at 22,828.55, breaching the 22,800 level.
Markets opened with a significant gap-up following the U.S. government’s decision to defer trade tariffs for all nations except China—easing recession worries and improving investor sentiment globally. The Nifty briefly tested resistance near the 20-day exponential moving average at 22,900 before consolidating gains in a narrow range.
Sectoral performance was impressive, with metals, energy, and pharma stocks leading the charge. Broader markets also witnessed a solid rebound, with key indices gaining between 1.82% and 2.86%.
Ajit Mishra, SVP of Research at Religare Broking, commented that the sustained drop in the volatility index indicates growing market confidence. However, he cautioned that sharp moves like these are challenging to trade. A decisive move above 22,900 could open the path for a rally toward the 23,400 mark, while key support remains near 22,300.
Investors are advised to maintain a hedged strategy and monitor global developments and upcoming corporate earnings for cues on further market direction.
