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Indian mkts may gain after tariff reprieve
Business Standard
|April 11, 2025
Domestic markets are set for a strong gap-up opening on Friday, lifted by a global rally after US President Donald Trump unexpectedly rolled back some tariff measures.
Market participants said the benchmark Sensex and the Nifty could open more than 2 per cent higher, with sectors such as information technology and pharmaceutical rising by as much as 5 per cent.
Even so, many remain doubtful about the rally's durability, as attention shifts to a weakening economic outlook and continued volatility.
On Wednesday, Trump announced a 90-day pause on additional tariffs for countries open to negotiations with the US, even as he raised tariffs on Chinese goods to 125 per cent.
The 10 per cent base tariff on imports from most other countries will remain.
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