What Changed for Indian Stock Market Overnight? Here’s All You Need to Know

The Indian stock market is expected to open on a positive note on Friday, April 11, despite weakness in global markets on the back of heightened tensions over US-China trade war and its economic fallout.

Asian markets ended on a negative note, while US markets fell sharply followed by a stellar rally a day before. US President Donald Trump went ahead to roll back tariffs for a period of 90 days for those countries who chose not to retaliate.

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) slashed the interest rates by 25 bps to 6% and changed its stance to ‘accommodative’. It also slashed its GDP growth projections for FY26 to 6.5% from 6.7% earlier.

On Thursday, April 10, the Sensex fell by 79.93 points, or 0.51%, to end at 73,847.15, while the Nifty 50 settled 136.70 points, or 0.61%, to close at 22,399.15.

“Indian equities are expected to remain volatile until further clarity on the US tariff front, while the onset of quarterly earnings season could drive stock or sector-specific movements,” said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.

Here’s what changed for the market tonight

1. Asian Markets

Asian markets went weak on Friday, April 11 after Wall Street reported heightened selloffs as US-China trade war tensions escalated. Japan’s Nikkei 225 fell by 5.46%, while the Topix slumped by 5.05%. Meanwhile, South Korea’s Kospi and Kosdaq declined by 1.55% and 0.11%, respectively.

2. Wall Street

The US equity markets slumped on the back of US President Donald Trump’s all-out trade war against China.

The Dow Jones Industrial Average crashed by 1,014.79 points, or 2.50%, to 39,593.66, while the S&P 500 slumped 188.85 points, or 3.46%, to 5,268.05. The Nasdaq Composite fell by 4.31% or 737.66 points at 16,387.31.

Shares of Apple and Nvidia tanked by 4.24% and 5.91%, respectively.

3. Inflation in US

Inflation in the US fell during March amid cheaper gasoline and used motor vehicles. The CPI fell by 0.1% last month, the first drop since May 2020. In the 12 months (April 1 2024 to March 31, 2025), CPI advanced 2.4% after rising 2.8% in February.

4. TCS Results

Tata Consultancy Services (TCS) reported a net profit of ₹12,224 crore in the March quarter, down from ₹12,380 crore in Q3FY25. Revenue from operations in Q4 surged by 0.8% to ₹64,479 crore from ₹63,973 crore in Q3FY25. EBIT fell by 0.6% QoQ to ₹15,601 crore, while EBIT margin fell to 24.2% from 24.5%, QoQ. The company also announced a dividend of ₹30 per share.

5. US Jobless Claims

Last week, the country reported a surge in the number of applications for unemployment benefits. Initial claims for state unemployment benefits increased by 4,000 to a seasonally adjusted 223,000 for the week ended April 5.