Sensex & Nifty Stock Market Live Updates April 11: Nifty50 Jumps Nearly 2% in Early Trade

Key Factors Impacting INR Today:

• Rupee Strengthens Against USD: The Indian Rupee made a strong comeback in early trade on Friday, opening 46 paise higher at ₹86.22 against the US Dollar and further appreciating to ₹86.17, registering a gain of 51 paise from its previous close of ₹86.68 on Wednesday. The markets remained closed on Thursday due to Mahavir Jayanti.
• Dollar Index Slips Sharply: The Dollar Index weakened considerably, dropping by 0.81% to 100.04. This decline came amid fading investor confidence in the US economy, prompting a shift toward traditional safe-haven assets like the Swiss franc, euro, Japanese yen, and gold. The US Dollar fell to multi-decade lows against the Swiss franc, further aiding the Rupee's rise.
• Support from Crude Oil Decline: A decline in global crude oil prices added momentum to the Rupee’s upward movement. Lower oil prices reduce India’s import bill and support the local currency, especially in a high-import economy like India.

Currency Market Overview:

USD/INR: 85.9892 (-0.31%)
Dollar Index (DXY) 107.35 (+0.1%)
EUR/INR: 97.1930 (+0.16%)
GBP/INR: 111.2075 (+0.65%)
INR/JPY: 1.6651 (-0.16%)
*As on 10:55 AM

Indian benchmark indices closed lower on April 11. Asian markets witnessed sharp declines, with Japan’s Nikkei plunging nearly 4%, while major European indices traded deep in the red. US futures remained mixed through the afternoon, amidst uncertainty across global markets. On the domestic front, sustained foreign institutional selling and a cautious undertone across sectors may have contributed to the day’s decline.

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Stock Market Outlook Today: April 11:

• Weak Global Cues Drag Sentiment: US markets closed sharply lower with the Nasdaq falling 4.3% and Dow Jones down 2.5%. Asian markets mirrored the sell-off, with Japan’s Nikkei down over 4%.
• FII Selling Continues: FIIs offloaded ₹4,358 crore worth of equities, while DIIs provided some support with net buying of ₹2,976 crore.
• Derivatives Indicate Bearish Bias: Nifty PCR at 0.82 and Max Pain at 22,400 signal limited upside. Bank Nifty Max Pain rests at 51,000 with a similar bearish tilt.
• Crude and Bond Yields Stable: Crude hovers around $59.77 (-0.5%) while US 10-Year bond yields hold at 4.444%, indicating macro stability despite equity volatility.
   

Global Market Cues

Gift Nifty : 23,022.50 (0.0%)
Nifty PCR: 0.8633
Nifty Max Pain: 22,900
Bank Nifty PCR: 0.8633
Bank Nifty Max Pain: 51000
Last Nifty Closing: 22,828.55 

US Indices

Dow Jones: 39,841.97 (+0.63%)
Nasdaq: 16,387.31 (-4.31%)

Asian Markets:

Nikkei: 33,585.58 (-3.05%)
Hang Seng: 20,914.69 (+1.11%)
Shanghai Composite: 3,238.23 (+0.45%)

Crude Oil Prices

60.30 (+0.40%)

Bond Yields

US 10-Year Treasury Yield: 4.465% (-0.0921%)

FII/DII Activity

Foreign Institutional Investors (FIIs) Net Buy/Sell: -4,358.02
Domestic Institutional Investors (DIIs) Net Buy/Sell: 2,976.66
*As of 09:50 IST

This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.