Synopsis
On April 12, the Indian stock markets finished the week strongly, with nearly a 2% increase fueled by the US postponing tariffs for all countries except China, alleviating recession fears and enhancing investor sentiment. The Nifty index showed positive momentum, while the Indian rupee also strengthened against the US dollar.Key Takeaways
- Indian stock markets surged nearly 2% this week.
- The Nifty index closed at 22,828.55.
- Sectors like metals, energy, and pharma led the gains.
- The Sensex jumped 1,310.11 points to close at 75,157.26.
- The Indian rupee strengthened against the US dollar, closing at 86.04.
Mumbai, April 12 (NationPress) The Indian stock markets concluded the week with a robust performance, climbing nearly 2 percent, following the US's decision to postpone tariffs for all nations except China. This shift alleviated recession worries, enhancing market sentiment and reducing fears of a global economic downturn, analysts noted on Saturday.
Consequently, the Nifty index opened significantly higher, testing resistance around the 20-day exponential moving average (DEMA) near 22,900. It then traded within a narrow range before settling at 22,828.55.
In terms of sector performance, metals, energy, and pharma sectors spearheaded the gains, while broader indices also experienced a solid rebound, rising between 1.82 percent and 2.86 percent.
“The recovery, supported by a sustained decrease in the volatility index, indicates a positive trend, although such sharp movements can be challenging to navigate. On the index front, a decisive close above 22,900 could lead to a retest of the key moving average zone near 23,400,” stated Ajit Mishra, SVP of Research at Religare Broking Ltd.
The Sensex surged 1,310.11 points, or 1.77 percent, to finish at 75,157.26 on Friday. During the trading day, the index peaked at an intra-day high of 75,467.33 while dipping to 74,762.84.
The Indian rupee regained strength, ending a three-day decline against the US Dollar. Supported by a weaker Dollar, declining crude oil prices, and a buoyant equity market, the rupee closed notably stronger, appreciating by 65 paise to 86.04 against the greenback.
“The market breadth was overwhelmingly positive, with advancing stocks significantly outnumbering those in decline. The advance-decline ratio on the BSE was a robust 3.68, marking its highest level since March 5, 2025,” commented Nandish Shah, Senior Derivative and Technical Research Analyst at HDFC Securities.
The favorable developments in global trade policy contributed to a 2 percent rise in small and midcap indices, reflecting optimism regarding the stabilization of global supply chains and potential easing of input cost pressures.
“Nevertheless, such changing policies can result in inevitable volatility. Business leaders and investors should remain cautious towards sectors heavily reliant on exports for revenue. However, I am optimistic about India’s growth trajectory, as domestically, this could lead to improved cost structures and renewed capital expenditure confidence,” remarked Abhishek Jaiswal, Fund Manager at Finavenue.
Looking ahead, the 22600-22700 range is anticipated to provide near-term support for the Nifty, while the 23000-23100 band is expected to serve as immediate resistance on the upside.
The Bank Nifty index opened with a gap-up, maintained strong positive momentum throughout the session, and concluded on a bullish note at 51,002. Technically, the Bank Nifty decisively surpassed the key resistance zone of 50,750–50,800, forming a significant bullish candle on both daily and weekly charts, indicating underlying strength.
“The breakout level of 50,750 will now serve as immediate support, and as long as the index remains above this point, it has the potential to rally towards 51,500–52,000. Therefore, traders are advised to adopt a ‘buy on dips’ strategy,” suggested Hrishikesh Yedve, AVP of Technical and Derivatives Research at Asit C. Mehta Investment Intermediates Ltd. (A Pantomath Group Company).
