Sensex, Nifty Predictions For April 11; TCS In Focus; What Will Impact Indian Stock Market On Friday?

Stock Market Prediction: After a one-day holiday due to Mahavir Jayanti on April 10, the Indian stock market is going to resume trading on Friday, April 11. Sensex and Nifty will likely be influenced by global trends and Q4 earnings. The US-China tensions have escalated with back-to-back skyrocket tariffs and neither of them are ready to back down. Meanwhile, Wall Street saw volatility, with Dow Jones, S&P 500 and Nasdaq Composite index falling overnight after their 7-12% surge earlier. IT stocks will be focused on after the TCS results, while pharma stocks will be eyed as Trump hinted at major tariffs on imported drugs.

Sensex, Nifty:

On April 9, the Sensex closed at 73,847.15, down by 379.93 points or 0.51%. The Nifty 50 plunged by 136.70 points or 0.61% to close at 22,399.15. The Bank Nifty stood at 50,240.15, down by 270.85 points or 0.54%.

Meanwhile, on April 10, TCS missed estimates in Q4FY25, with a consolidated net profit of Rs 12,224 crore, which was down by 1.7% compared to a net profit of Rs 12,434 crore in Q4FY24. Also, the PAT slipped by 1.26% from a net profit of Rs 12,380 crore which was reported in the preceding quarter. Meanwhile, consolidated revenue from operations came in at Rs 64,479 crore, registering a growth of 5.76% from revenue of Rs 61,237 crore in Q4FY24. Revenue is higher by 0.79% sequentially.

Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services said, the Reserve Bank of India (RBI) reduced its key repo rate for the second consecutive time by 25 basis points, bringing it down to 6% (in-line with expectation) along with a change in policy stance to 'accommodative' from 'neutral' which refers to the approach aimed at boosting economic growth, by keeping interest rates low or injecting liquidity into the economy. It also lowered India's GDP growth projection to 6.5% from earlier 6.7% for FY26, adding cautiousness to market sentiments. The broader market witnessed selling pressure with Nifty Midcap100 and Smallcap100 declining by 0.5% and 0.9% respectively. On the sectoral front, the Nifty IT index dropped over 2%, mirroring a decline in the US NASDAQ futures.

What To Expect In Indian Stock Market On April 11?

Khemka said, "We expect IT earnings to remain muted with a cautious FY26E guidance. The Pharma Index fell close to 2% after U.S. President Trump reiterated his plans to impose heavy tariffs on pharmaceutical imports. Nifty Metal cracked 1.5% after Trump announced additional 50% tariffs on China, raising China's effective tariff rate to 104%. Shares of NBFCs involved in gold financing were under pressure as RBI conveyed plans to issue comprehensive guidelines for loans against gold. The FMCG, consumer durables and auto indices showed resilience despite market descent, one of the factors being a prediction of a normal monsoon season by Skymet (a leading private weather forecaster). Realty and auto stocks are likely to be in focus as easing borrowing costs could boost demand for the housing and auto sector."

"Overall, 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/sector-specific movements," he added.

Meanwhile, Satish Chandra Aluri, Lemonn Markets Desk said, "From a technical standpoint, the Nifty 50 closed just below the 22,400 mark. On the downside, 22,300 is expected to act as an immediate support zone, while 22,500 will likely serve as near-term resistance." He added, "For the Bank Nifty, the 50,000 level remains a crucial support, with resistance seen around the 50,500 mark in the short term."

Additionally, Shrikant Chouhan, Head of Equity Research, at Kotak Securities said, We believe that the current market texture is non-directional; traders may be waiting for a breakout in either direction. For day traders, 22350/73650 would act as a key support zone, while 22500/74200 could be the key breakout level for the bulls. If the market falls below 22350/73650, it could retest levels of 22250-22200/73300-73000, while a dismissal of 22500/74200 could push the market towards 22650-22700/74500-74700."