Markets likely to soar at open on Friday amid global rally

Indian equities are poised for a strong opening on Friday, buoyed by a global market surge after US President Donald Trump announced a temporary halt to new tariffs. Asian and European indices posted record gains, setting a positive tone for domestic trading.Japan’s Nikkei 225 and Taiwan’s Taiwan Weighted Index surged more than 9% each and South Korea's Kospi rose more 6.6%. Hong Kong's Hang Seng and China’s Shenzhen and Shanghai Composite also advanced between 1% and 2% on Thursday.

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Key European markets such as the UK’s FTSE, France’s CAC and Germany's DAX advanced between 4% and 5% on Thursday. This massive gain across Asian and European markets came after Wall Street recorded a record again on Wednesday after US President Donald Trump announced a Tariff pause. The Indian stock exchanges were closed on Thursday, April 10, for Mahavir Jayanti. The S&P 500 skyrocketed 9.52% to settle at 5,456.90 for its biggest one-day gain since 2008. The Dow Jones Industrial Average advanced 2,962.86 points, or 7.87%, to close at 40,608.45 and The Nasdaq Composite jumped 12.16% to end at 17,124.97, its largest one-day jump since January 2001.