Overview
A global equity rally has investors buzzing with optimism—but Indian markets will have to wait to join the party. As stock exchanges remain shut on Thursday, April 10, in observance of Mahavir Jayanti, all eyes are now on Friday, April 11, when Dalal Street reopens amidst a flurry of international and domestic triggers.
Markets Closed for Mahavir Jayanti
Today, both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are closed due to the Mahavir Jayanti holiday. Trading across segments—including Equity, Equity Derivatives, SLB, and Currency Derivatives—is suspended for the day.
This closure marks the first of three trading holidays in April, with the next two on April 14 (Dr. Baba Saheb Ambedkar Jayanti) and April 18 (Good Friday).
For those engaged in commodities trading, the Multi Commodity Exchange (MCX) is observing a partial closure. The morning session (9:00 AM to 5:00 PM) remains shut, while the evening session (5:00 PM to 11:30/11:55 PM) is open as per usual.
Global Markets in Rally Mode
The timing of the market holiday coincides with a major development on the global stage. On Wednesday, global equities saw a sharp rebound after U.S. President Donald Trump unexpectedly announced a 90-day pause on new tariffs for several nations.
This news sparked a rally across U.S. indices:
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S&P 500 surged 8%
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Dow Jones climbed 2,300 points (7%)
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Nasdaq soared by 10%
While this temporary tariff relief excludes China—with tariffs on Chinese imports hiked to 125%—it provided broad relief to investors spooked by fears of a global economic slowdown.
Indian Markets Poised for a Strong Rebound
Indian investors will finally get their chance to react when markets reopen on Friday. According to GIFT Nifty trends, a strong 600-point or 2.5% gain is expected on the Nifty, suggesting Dalal Street is ready to catch up with the global sentiment.
Adding fuel to the fire is the Reserve Bank of India's recent decision to cut the repo rate by 25 basis points to 6%, alongside a shift in its policy stance to "accommodative." This marks the second consecutive rate cut and signals a decisive pivot towards growth support.
The RBI’s optimistic inflation forecast—revising FY26 CPI expectations to just 4%—gives the central bank ample room to stimulate demand without jeopardizing macroeconomic stability.
What to Watch on April 11
With a cocktail of bullish global cues and a pro-growth domestic policy backdrop, April 11 is shaping up to be a blockbuster day on Dalal Street. Key sectors like banking, auto, and IT could lead the charge, while investors may also keep an eye on:
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Movement in GIFT Nifty as a pre-market indicator
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Sectoral rotations post-RBI rate cut
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Impact of continued US-China trade tension on export-oriented stocks
Final Thoughts
While today's market holiday may have delayed the reaction, it has only heightened anticipation. With strong global tailwinds and supportive monetary policy at home, investors are gearing up for what could be a powerful rally. The calm before the storm might just turn into a euphoric Friday for Indian equities.
Stay tuned—and stay invested.
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