In the barometer index, the S&P BSE Sensex, soared 1,310.11 points or 1.77% to 75,157.26. The Nifty 50 index climbed 429.40 points or 1.92% to 22,828.55.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index surged 1.84% and the S&P BSE Small-Cap index soared 3.04%. The market breadth was strong.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 6.17% to 20.11.

The stock market will remain closed on Monday, 14 April 2025, in observance of Dr. Babasaheb Ambedkar Jayanti.

Among the sectoral indices, the Nifty Metal index (up 4.09%), the Nifty Consumer Durables index (up 3.19%) and the Nifty Oil & Gas index (up 2.20%) outperformed the Nifty 50 index.

Meanwhile, the Nifty IT index (up 0.69%), the Nifty FMCG index (up 0.86%) and the Nifty Realty index (up 1.26%) underperformed the Nifty 50 index.

Numbers to Track:

The yield on India's 10-year benchmark federal paper was jumped 1.54% to 6.544 as compared with previous close 6.440.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 86.0650, compared with its close of 86.6800 during the previous trading session.

MCX Gold futures for 5 June 2025 settlement gained 1.72% to Rs 93,640.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 1.22% to 99.73.

The United States 10-year bond yield grew 0.30% to 4.404.

In the commodities market, Brent crude for June 2025 settlement added 44 cents or 0.69% to $63.77 a barrel.

Global Markets:

Dow Jones futures are up by 245 points, signaling a positive start for US stocks today.

European shares declined on Friday as a volatile week for shares nears its end and concerns about a trade war between the U.S. and China persist.

The U.K.’s monthly real GDP has increased by 0.5% in February 2025, with all major sectors contributing to the growth. This marks a positive turnaround following January 2025, which initially showed a 0.1% decline but has since been revised to reflect flat growth.

Most Asian stocks ended higher, as hopes of relief from President Trump's tariff pause were quickly dashed by an intensifying trade war with China.

The White House clarified Thursday that tariffs on Chinese imports now stand at a staggering 145%, following a social media post by Trump on Truth Social, where he declared a 125% "reciprocal" tariff in retaliation for Beijing’s countermeasures.

Investors had initially cheered Trump’s announcement that non-retaliating countries would see their tariffs cut to just 10%, rolling back the steep "Liberation Day" tariffs imposed on April 2. Treasury Secretary Scott Bessent later clarified that the reduced tariff rate applies to all countries except China, with sector-specific tariffs remaining untouched.

Meanwhile, China has decided to retaliate with additional tariffs on US goods from April 12, taking the total effective rate to 125%.

China's commerce ministry emphasized a willingness to engage in dialogue—but only on the basis of mutual respect and equality. Behind the scenes, China is also reportedly rallying other nations to form a united front against what it views as Washington’s economic aggression.

China’s consumer prices contracted for the second consecutive month, as the Consumer Price Index (CPI) slipped 0.1% year-on-year in March. The index remained in deflationary territory following a sharper decline of 0.7% in February, according to data released by the National Bureau of Statistics on Thursday.

Investors worried that the trade spat between the two largest economies in the world could easily result in a global recession. Japanese Economy Minister Ryosei Akazawa on Friday, called the tariffs a “national crisis” and pledging to prioritize negotiations with the U.S.

Wall Street had a rough Thursday. Hopes of a 90-day tariff extension were not enough to soothe nerves, with the S&P 500 plunging 3.46%, the NASDAQ tumbling 4.31%, and the Dow losing 2.5%. Adding to the uncertainty, the first-quarter earnings season kicks off Friday, with major banks set to report.

U.S. consumer prices rose 2.4% in the 12 months through March, easing from February’s 2.8%. On a month-to-month basis, prices actually declined by 0.1%, raising fresh questions about inflation trends and Fed policy going forward.