A mid-week pause in trading occurs as markets prepare for a dramatic rebound. The Indian stock exchanges will be closed on Thursday, April 10, for Mahavir Jayanti. But when trading resumes on Friday, April 11, a combination of global and domestic cues is expected to drive a sharp opening surge.
All segments of the Indian stock market—equities, derivatives, currency, SLB, and EGR—will be closed on Thursday in honor of Mahavir Jayanti, a major Jain festival commemorating Lord Mahavir's birth. Trading will resume Friday, April 11.
When markets reopen, early indicators point to a strong start. GIFT Nifty futures point to a 2.5 percent increase after US President Donald Trump announced a 90-day tariff pause for more than 75 countries.
The move, interpreted as a response to global pressure, resulted in a massive overnight rebound in global equity markets. The S&P 500 rose 8%, the Dow Jones gained 2,300 points, and the Nasdaq soared 10%.
Despite raising tariffs on Chinese goods to 125 percent, investor sentiment shifted positive, with relief spreading across major indices.
The Reserve Bank of India's latest rate cut, its second in a row, has boosted the momentum. Anirudh Garg, Partner and Fund Manager at Invasset PMS, stated in a report that the RBI had clearly shifted its focus to growth, noting that with inflation expectations anchored and the FY26 CPI forecast lowered to 4%, the central bank had created room to support demand without jeopardizing economic stability.
According to VK Vijayakumar of Geojit Financial Services, India may be one of the least impacted large economies in the "Trump shakeout." Lower crude prices are also expected to ease macroeconomic pressures.
Markets had been under pressure before the holiday. On April 9, both the Sensex and the Nifty closed lower, weighed down by IT, metal, pharmaceutical, and PSU bank shares. The midcap and smallcap indices also weakened.
Later this month, trading holidays include Ambedkar Jayanti on April 14 and Good Friday on April 18. Normal trading hours will resume Friday, from 9:15 a.m. to 3:30 p.m.
