Stock Market News: Market Closed Today for Mahavir Jayanti, All Eyes on April 11
Today, April 10, 2025, the Indian stock market is closed in observance of Mahavir Jayanti. Investors are now focusing on what lies ahead for April 11, when the market reopens. Positive global cues and domestic developments may lead to a strong opening on Friday.
Why Experts Expect a Market Rally
One of the key reasons for expected growth is a recent announcement by U.S. President Donald Trump. He has granted a 90-day tariff relief to all countries except China. This global trade move is expected to benefit markets worldwide.
Massive Gains in U.S. Stock Market
Following Trump’s announcement, U.S. markets showed impressive gains:
S&P 500 jumped 474.13 points (+9.52%) to close at 5,456.90
Nasdaq Composite surged 1,857.06 points (+12.16%) to 17,124.97
Dow Jones rose by 962.86 points, ending at 40,608.45
Notably, Walmart shares climbed by 8%
These positive signals may boost investor sentiment in India as well.
How Indian Market Performed Earlier
On April 9, Indian markets closed with a decline:
Sensex dropped by 380 points to 73,847
Nifty slipped by 137 points to 22,399
Top gainers included Nestle India, Titan, and Hindustan Unilever, while Wipro, Tech Mahindra, and SBIN were among the top losers.
Out of all BSE-listed companies:
1,534 stocks advanced
2,352 declined
144 remained unchanged
3 Reasons Why Friday May Be Bullish
Investors are hopeful for a rally on April 11 due to:
90-day global tariff relief (excluding China)
125% tariff increase on Chinese goods
RBI’s repo rate cut to 6%, aimed at controlling inflation in FY 2026
With these developments, market watchers are keen to see how the Indian stock market reacts on Friday