Sensex, Nifty Surge After Trump’s Tariff Freeze For India Amid US-China Trade Tensions

Indian equity markets opened with a sharp surge on Friday (11 April), mirroring the rebound in US indices on 9 April after President Donald Trump announced a 90 day postponement of reciprocal tariffs for 75 countries, including India.

The move offered temporary relief amid escalating trade tensions between the US and China.

The BSE Sensex leapt by 1,061.26 points to start the day at 74,941.53, while the NSE Nifty surged 354.90 points, opening at 22,754.05. The rally reflected a boost in investor sentiment following the easing of global trade anxieties, ANI reported.

Despite Wednesday’s rally, US markets reversed direction on Thursday (10 April). The Dow Jones Industrial Average plunged 1,014 points, and the Nasdaq slumped by 4.5 per cent, reflecting persistent concerns over trade policy.

The White House confirmed that China’s average tariff rate would spike to 145 per cent, following Beijing's move to raise tariffs on US goods to 84 per cent.

Meanwhile, gold prices in India soared to a record Rs 91,500 per 10 grams, driven by heightened safe-haven demand.

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