Share Market: India’s benchmark indices, Sensex and Nifty50, ended the day’s trade in red on Wednesday, April 9, 2025. The Sensex (index with top 30 firms) tumbled 328.96 points to close at 73,898.12 on Wednesday. Meanwhile, Nifty50 (index with top 50 firms) was down 136.70 points to close at 22,399.15 points. Among the Sensex-packed stocks, 18 closed in red, while 12 advanced.

Moreover, Indian equity market will be closed today, due to Mahavir Jayanti 2025 and no trading will take place on April 10. April will witness 3 stock market holidays, which includes the offs on 10 April 2025 for Shri Mahavir Jayanti, 14 April 2025 for Dr Baba Saheb Ambedkar Jayanti, and 18 April 2025 for Good Friday. Notably, all the trading activities on NSE and BSE will remain closed today.

Meanwhile, the Equity segment, Equity Derivative segment, SLB segment and Currency Derivatives segments will also remain close today.

RBI MPC Decision: The Reserve Bank of India (RBI) has announced its first monetary policy of Fiscal Year (FY) 2025-26 today, April 9. The RBI has reduced the benchmark repo rate by 25 basis points (bps) to 6.00% from 6.25%. However, this rate fall failed to impress the share market, but this is still a key factor to watch before Friday’s trade begin.

Trade War Between US And China: The trade war between the US and China continued to intensify as on Wednesday, President Trump announced an immediate hike in tariffs on Chinese goods to 125%. Notably, this was in response to China raising its tariffs on US goods from 34% to 84%, effective from April 10. This can spark sell-offs in the global markets.

Tariff Halt: In a significant relief, US President Trump stated that he would reduce tariffs for the 75 countries currently engaged in trade talks with the United States, offering a 90-day break and a lower reciprocal tariff structure. Notably, India is among these countries. This could boost investor’s confidence.

RBI Policy Stance: MPC changed its policy stance to “accommodative” from “neutral”. Moreover, the change in stance indicates the readiness of the central bank to act as per the prevailing situation. This could boost share markets.

Others: Factors such as FPI outflow, Rupee rate against USD, and China’s next move will also impact the share market on April 11.

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