Indian Benchmark Indices Seen Losing Grip Over Midday Gains, Nifty 50 Above 22,700 Mark

There were 34 stocks that touched their 52-week high and 12 stocks that hit their 52-week low. 

Market Update at 2:35 PM: India's benchmark Nifty 50 and Sensex remained in the green, with gains of more than 1 per cent each, set to erase the week's losses. The U.S. delays hefty "retaliatory" tariffs beyond 10 per cent by 90 days for most countries excluding China, providing a reprieve for markets

On Friday, small and midcap stocks traded with gains, holding broader market indices into positive territory. The Nifty Small-Cap index surged by almost 2.66 per cent, while the Nifty Mid-Cap index was up over 1.63 per cent during mid-day trade.

Meanwhile, the India VIX was trading near the 20 mark, down by 20 per cent.

On the sectoral front, all sectors recorded gains, with Nifty Metals, up more than 3.5 per cent, being the top-gaining sector. 

As of April 11, 14:25 IST, a total of 2,913 stocks were traded in the market. Out of these, 2,418 stocks advanced, 416 stocks declined, and 79 stocks remained unchanged. There were 34 stocks that touched their 52-week high and 12 stocks that hit their 52-week low. 

Additionally, 134 stocks were locked in the upper circuit, while 15 stocks were in the lower circuit.

Market Update at 12:15 PM: Indian markets opened higher on Friday, supported by a pause in the steep reciprocal tariffs by the U.S. However, gains remained limited due to ongoing U.S.-China trade tensions.

As of 12:00 a.m. IST, the Nifty 50 was up 2.16 per cent at 22,883, while the BSE Sensex advanced 2.01 per cent to 75,332. Trading remained shut on Thursday owing to a local holiday.

The Bank Nifty mirrored benchmark indices, up by 1.73 per cent. Meanwhile, the India VIX tumbled near the 19 mark, down by 11 per cent, indicating decreased volatility in the Indian market.

By midday, the top gaining stocks that lifted Nifty 50 higher are HDFC Bank (+83.08 pts), Reliance Industries (+50.48 pts), and Kotak Mahindra Bank (+26.9 pts). On the other hand, Nestle India (-0.46 pts), Apollo Hospitals (-0.94 pts), and Asian Paints (-2.64 pts) were dragging the index down.

On Friday, overall market breadth remained positive, as 2,378 stocks advanced while 261 declined. The Nifty Mid-cap 100 and Nifty Small-cap 100 indices were trading in green, where Nifty Mid-caps were up by 1.98 per cent, and Nifty Small-cap was up by 2.44 per cent

On the sectoral front, all sectors recorded gains, with Nifty Metals, up more than 4 per cent, being the top-gaining sector. 

Currently, 29 stocks are trading at their 52-week high, and 10 stocks are at their 52-week low. On the NSE, 105 stocks have hit their upper circuit, while 5 stocks are locked in their lower circuit.

Market Update at 10:15 AM: Indian benchmark indices opened on a strong note Tuesday, mirroring a broader rebound across Asia, as optimism grew that the United States might soften its stance on aggressive tariffs.

The Nifty 50 climbed 1.85 per cent to 22,566, while the Sensex advanced 1.64 per cent to 74,304.02 by 9:15 a.m. IST. Asian equities also recovered from 18-month lows, and U.S. stock futures were trading higher, signalling improved sentiment.

At the opening bell, all 13 major sectoral indices in India were in positive territory, with small-cap and mid-cap indices rising sharply by 1.77 per cent and 1.55 per cent, respectively.

This recovery comes after a sharp decline on Monday, when the Nifty and Sensex plunged 3.2 per cent and 3 per cent, their steepest one-day fall in the last 10 months, amid concerns that escalating U.S. tariffs could trigger a global economic slowdown.

Despite the selloff, Indian markets held up better compared to broader Asian markets, which had slumped by 8.4 per cent.

The total market value of all NSE-listed companies has fallen by USD 280 billion in three sessions since the announcement of U.S. tariffs.

About 2,191 stocks are advancing as against 449 stocks that are declining, thus indicating a Positive market breadth in the broader market.

Pre-Market Update at 7:45 AM: Indian stock markets are likely to start on a positive note on Friday, with the Sensex and Nifty 50 expected to open higher. This anticipated gap-up opening comes even as global markets remain under pressure due to rising tensions surrounding the US-China trade war and its potential impact on the global economy. 

Gift Nifty was hovering near the 22,940 mark, showing a premium of about 460 points over the previous close of Nifty futures, hinting at a strong gap-up opening for the Indian stock market indices.

Meanwhile, the Reserve Bank of India (RBI) is set to unveil its first monetary policy decision for FY26 today. The Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, is widely expected to announce a repo rate cut, considering the backdrop of easing inflation and a slowdown in economic growth.

Gift Nifty hovered near the 22,396 mark, trading at a discount of approximately 234.35 points compared to the previous close of Nifty futures. This suggests that Indian stock market indices are likely to open on a weaker note.

The US stock market slipped on Tuesday, erasing early gains and extending its losing streak. The S&P 500 fell below the 5,000 mark for the first time in nearly a year, with the market shedding around USD 5.83 trillion in value over the past four sessions.

The Dow Jones Industrial Average dropped 320.01 points, or 0.84 per cent, finishing at 37,645.59. Meanwhile, the S&P 500 slid 79.48 points, or 1.57 per cent, to close at 4,982.77. The Nasdaq Composite also tumbled, losing 335.35 points, or 2.15 per cent, to settle at 15,267.91.

US President Donald Trump announced a 90-day pause on reciprocal tariffs for countries that have refrained from retaliating, while moving ahead with higher tariffs on China. Acknowledging growing concerns and nervousness around the tariff situation, Trump admitted that "people were jumping a bit out of line," but remained confident that trade agreements would eventually be secured with several nations, including China.

In an unexpected turn, US consumer prices fell in March, driven by lower costs for gasoline and used cars. The Consumer Price Index (CPI) slipped by 0.1 per cent—its first decline since May 2020—following a 0.2 per cent increase in February. Economists surveyed had anticipated a modest rise of 0.1 per cent. On an annual basis, inflation rose by 2.4 per cent in March, easing from the 2.8 per cent pace recorded in February.

Former US President Donald Trump has significantly raised tariffs on Chinese goods, pushing the overall rate to at least 145 per cent. This figure includes a 125 per cent tariff reflecting "reciprocal" duties, alongside additional levies in response to China's retaliatory measures against earlier US tariffs. It also factors in a 20 per cent duty imposed earlier this year, linked to efforts to combat fentanyl trafficking.

Meanwhile, the number of Americans filing for new unemployment benefits saw a slight uptick last week. Initial claims for state unemployment benefits rose by 4,000 to a seasonally adjusted 223,000 for the week ending April 5, aligning with economists' expectations. 

Commenting on monetary policy, Austan Goolsbee, president of the Federal Reserve Bank of Chicago, stated that while interest rate cuts remain a possibility, the significant shifts in US trade policy have introduced considerable uncertainty. This makes it challenging to predict the economic outlook and determine the appropriate path for adjusting the Fed’s rate policies.

Asian markets slipped on Friday, mirroring the sharp losses seen on Wall Street overnight as escalating US-China trade tensions dampened investor sentiment.

Japan’s Nikkei 225 tumbled 5.46 per cent, and the broader Topix index fell 5.05 per cent. In South Korea, the Kospi shed 1.55 per cent, while the Kosdaq edged down 0.11 per cent. Futures for Hong Kong’s Hang Seng index alOn Wednesday, the Indian stock market closed in the red, pressured by persistent concerns over a potential trade war sparked by US President Donald Trump's tariff measures. The Sensex dropped 379.93 points, or 0.51 per cent, ending the session at 73,847.15, while the Nifty 50 slipped 136.70 points, or 0.61 per cent, to settle at 22,399.15.so pointed to a weaker start.

On Wednesday, the Indian stock market closed in the red, pressured by persistent concerns over a potential trade war sparked by US President Donald Trump's tariff measures. The Sensex dropped 379.93 points, or 0.51 per cent, ending the session at 73,847.15, while the Nifty 50 slipped 136.70 points, or 0.61 per cent, to settle at 22,399.15.

The Reserve Bank of India (RBI) on Wednesday reduced the repo rate by 25 basis points, bringing it down to 6 per cent. Additionally, the central bank shifted its policy stance to ‘accommodative’ and revised India's GDP growth forecast for FY26 lower, from 6.7 per cent to 6.5 per cent.

Meanwhile, Tata Consultancy Services (TCS) posted a net profit of Rs 12,224 crore for the March quarter, marking a 1.3 per cent decline from Rs 12,380 crore in the previous quarter. Its Q4FY25 revenue rose marginally by 0.8 per cent to Rs 64,479 crore from Rs 63,973 crore sequentially. In dollar terms, revenue slipped 1 per cent quarter-on-quarter to USD 7,465 million. TCS’ EBIT stood at Rs 15,601 crore, down 0.6 per cent QoQ, with the EBIT margin narrowing to 24.2 per cent from 24.5 per cent. The company reported a Total Contract Value (TCV) of USD 12.2 billion for the quarter and declared a final dividend of Rs 30 per share.

Gold prices moved close to their record highs, driven by growing recession fears and heightened trade tensions between the United States and China, which boosted demand for safe-haven assets like bullion. Spot gold advanced by 1 per cent, reaching USD 3,205.53 per ounce, after touching an all-time high of USD 3,217.43 earlier in the session. For the week, gold has risen over 5 per cent. Meanwhile, US gold futures jumped 1.5 per cent, settling at USD 3,226.50.

Crude oil prices continued to decline on Friday, building on the more than 3 per cent drop seen in the previous session. Brent crude slipped by 0.47 per cent to trade at USD 63.03 per barrel, while US West Texas Intermediate (WTI) crude futures edged lower by 0.60 per cent, settling at USD 59.71 a barrel.

The US dollar lost ground against major currencies, reaching a 10-year low against the Swiss franc. It fell 3.89 per cent to 0.825 versus the franc. Meanwhile, the euro strengthened by 2.23 per cent, and the dollar dropped 2.07 per cent against the Japanese yen, trading at 144.66.

On April 09, 2025, foreign institutional investors (FII) sold shares worth Rs 4,358.02 crore, while domestic institutional investors (DII) bought shares worth Rs 2,976.66 crore.

Stocks that are banned for trading in the F&O segment on April 11, 2025, are Birlasoft Ltd, Hindustan Copper Ltd, Manappuram Finance Ltd, and National Aluminium Co Ltd.

Disclaimer: The article is for informational purposes only and not investment advice.