Taking Stock: Nifty above 22,800, Sensex jumps 1,310 pts on Trump's tariff pause

Market Today

The bulls were back in action on Dalal Street (after a holiday gap) with benchmark indices rising nearly 2 percent on April 11 amid buying across the sectors after US President Donald Trump put 90-day pause on reciprocal tariffs for all countries except China. Although the 10 percent baseline tariffs will remain in place.

At close, the Sensex was up 1,310.11 points or 1.77 percent at 75,157.26, and the Nifty was up 429.40 points or 1.92 percent at 22,828.55.

For the week, BSE Sensex and Nifty50 indices lost 0.3 percent each.

China has decided to retaliate with additional tariffs on US goods from April 12, taking the total effective rate to 125 percent, which comes a day after US President Donald Trump announced a total of 145 percent duty on Chinese goods.

On the global front, overnight, Wall Street stocks tumbled on Thursday on mounting worries over the economic impact of US President Donald Trump’s multi-front tariff war.

On the other hand, Asian markets ended mixed with Nikkei shed 3 percent, while Hang Seng up 1 percent. European markets were trading lower.

Stock-specific, Aurionpro Solutions rose 12 percent on acquisition of Fintra Software, TCS ended flat post Q4 earnings, Aakash Exploration jumped 6 percent on LOI from Oil India, Camlin Fine Sciences shares gained 20 percent, snapping 5-day losing streak and Tata Steel up 5 percent as Elara Securities upgrades to 'buy'.

Also Read: Investors cheer Trump's tariff pause: These are the top gaining spaces

Index	Prices	Change	Change%
Sensex	84,491.19	539.00	+0.64%
Nifty 50	25,884.20	174.35	+0.68%
Nifty Bank	58,233.60	520.25	+0.90%

Nifty 50 25,884.20 174.35 (0.68%)

Mon, Oct 20, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Reliance	1,470.30	53.50	+3.78%

Biggest Loser	Prices	Change	Change%
ICICI Bank	1,400.50	-36.10	-2.51%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	7890.25	251.50	+3.29%

Worst Sector	Prices	Change	Change%
Nifty Auto	27242.00	13.40	+0.05%

Biggest Nifty gainers included Hindalco Industries, Tata Steel, JSW Steel, Coal India, Jio Financial, while losers were TCS, Asian Paints and Apollo Hospitals.

All the sectoral indices ended in the green with Metal index rose 4 percent, while Auto, Oil & Gas, Power, PSU, Telecom, Pharma up 2 percent each.

The BSE midcap index was rose 1.8 percent and smallcap index added 3 percent.

The market will remain shut on Monday, April 14 on account of Dr. BabaSaheb Ambedkar Jayanti.

Outlook for April 15

Rupak De, Senior Technical Analyst at LKP Securities

The Nifty faced resistance around the 21-EMA on the daily timeframe, leading to a close off the day’s high. The trend appears bearish unless it decisively moves above 23,000, where significant open interest has been added. On the downside, support is placed at 22,750; a break below this level could intensify the bearish sentiment. Conversely, a decisive move above 23,000 may trigger a rally towards 23,500, as suggested by the positive divergence in the RSI.

Vinod Nair, Head of Research, Geojit Investments

An unexpected pause on reciprocal tariffs by the US provided relief in the midst of the uncertainty. Though the IT major’s result missed the street estimates, it opines optimism in the latter half of FY26 owing to growth in the order book. Any development in the bilateral trade negotiations can alter the near-term outlook on the export-driven sectors. The supportive domestic environment with an ease in interest rates and a benign inflation trajectory is encouraging investors to have a balanced portfolio to aid in a better risk-reward in the long term

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