Indian Stock Markets Conclude Week on a Positive Note as Tariff Anxieties Diminish
Click to start listening
Synopsis
The Indian stock markets ended the week positively, with nearly 2% gains as the US deferred tariffs for all countries except China, reducing recession fears. The Nifty and Sensex indices surged, and the rupee strengthened against the dollar, indicating a positive market sentiment.
Key Takeaways
- Indian stock markets saw nearly 2% gains this week.
- The Nifty index closed at 22,828.55.
- Sensex surged by 1,310.11 points.
- The Indian rupee closed stronger at 86.04 against the dollar.
- Market breadth was significantly positive with a 3.68 advance-decline ratio.
Mumbai, April 12 (NationPress) The Indian stock markets concluded the week on a positive note, achieving nearly 2 percent growth, following the US decision to delay tariffs for all nations except China. This alleviated recession worries, enhancing market sentiment and diminishing concerns of a global downturn, as indicated by experts on Saturday.
Consequently, the Nifty index opened with a significant gap-up, approaching resistance near the 20-day exponential moving average (DEMA) around 22,900. It subsequently traded within a narrow range before closing at 22,828.55.
In terms of sector performance, metals, energy, and pharmaceuticals led the advancements, while broader indices also displayed a robust recovery, increasing between 1.82 percent and 2.86 percent.
“The recovery, bolstered by a persistent decline in the volatility index, is a positive indicator, although such sharp movements can be challenging to navigate. A decisive closure above 22,900 could facilitate a retest of the significant moving average zone near 23,400,” stated Ajit Mishra, SVP, Research at Religare Broking Ltd.
The Sensex surged by 1,310.11 points, or 1.77 percent, closing at 75,157.26 on Friday. During the session, the index peaked at 75,467.33 and dipped to 74,762.84.
The Indian rupee regained strength, ending its three-day decline against the US Dollar. Supported by a weaker Dollar, decreasing crude oil prices, and a thriving equity market, the rupee closed notably stronger by 65 paise at 86.04 against the greenback.
“The market breadth was significantly positive, with advancing shares vastly outnumbering declining ones. The advance-decline ratio on the BSE was a solid 3.68, marking its highest level since March 5, 2025,” remarked Nandish Shah, Senior Derivative and Technical Research Analyst at HDFC Securities.
The favorable developments in global trade policy triggered a surge in small and midcap indices by 2 percent, indicating optimism that global supply chains may stabilize and input cost pressures could alleviate.
“Nevertheless, such policy shifts make volatility unavoidable. As business leaders and investors, caution is advised for sectors heavily reliant on exports for revenue. However, I remain hopeful about India’s growth trajectory, as domestically, this could lead to improved cost structures and renewed capital expenditure confidence,” expressed Abhishek Jaiswal, Fund Manager at Finavenue.
Looking ahead, the 22,600-22,700 range is anticipated to provide near-term support for the Nifty, while the 23,000-23,100 band is likely 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 closed on a bullish note at 51,002. Technically, the Bank Nifty decisively surpassed the key resistance zone of 50,750-50,800 and formed a significant bullish candle on both daily and weekly charts, reflecting underlying strength.
“The breakout level of 50,750 will now serve as immediate support, and as long as the index remains above this level, it has the potential to rally towards 51,500-52,000. Therefore, traders are encouraged to adopt a ‘buy on dips’ strategy,” advised Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Intermediates Ltd. (A Pantomath Group Company).
