Markets surge in early trade as U.S. suspends additional 26% tariff on India till July 9
The Hindu
Benchmark indices surge after U.S. suspends tariffs on India, boosting stocks; market volatility expected amid trade war tensions.
Benchmark equity indices surged in early trade on Friday (April 11, 2025) after the U.S. announced suspension of additional tariffs on India for 90 days until July 9 this year.
The 30-share BSE benchmark Sensex jumped 1,210.68 points to 75,057.83 in early trade. The NSE Nifty surged 388.35 points to 22,787.50.
The U.S. has announced suspension of additional tariffs on India for 90 days until July 9 this year, according to the White House executive orders.
Also read: Trump global tariffs, April 11, 2025 highlights
On April 2, U.S. President Donald Trump slapped universal duties on about 60 countries exporting goods to America and additional steep levies on countries like India, potentially impacting sales of products from shrimp to steel in the world's biggest economy.
From the Sensex firms, Tata Motors, Sun Pharma, Tata Steel, HCL Tech, Tech Mahindra, Bajaj Finserv, Adani Ports and Reliance Industries were among the biggest gainers.
Asian Paints and Nestle were the only laggards.
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