BSE Market Cap Jumps ₹8.56 Lakh Crore as Sensex Posts Sharp April 11 Rally:

On April 11, the total market capitalization of all listed companies on the Bombay Stock Exchange (BSE) increased by over ₹8.56 lakh crore. This marked the largest single-day gain in nearly half a year. The market cap rose from ₹393.82 lakh crore to ₹402.37 lakh crore as Indian stocks saw sharp gains.

The BSE Sensex closed up 2.08%, reaching 75,356.38 — its strongest performance since November 22, 2024. Broader markets also advanced, with the BSE MidCap index rising 2% and the SmallCap index gaining 2.8%.

Rally Fueled by Global Sentiment and Domestic Strength

The market rally in India followed a global uptrend seen on April 9. That surge came after US President Donald Trump announced a temporary halt on new tariffs for selected countries.

However, global markets turned volatile soon after. On April 11, Asian indices dropped. Japan’s Nikkei 225 fell more than 5.6% during early trading. Hong Kong’s Hang Seng declined 0.4% to 20,606.04. China's Shanghai Composite slipped 0.2% to 3,218.94. South Korea’s Kospi dropped 1.6%, and Australia’s ASX 200 lost 2.1%.

Currency and Commodities React to Global Uncertainty

The Japanese yen rose strongly, with the dollar falling to 143.48 yen from 146 in the previous session. This suggested that investors were shifting to safer assets. Meanwhile, gold prices reached new highs due to rising global risk concerns.

Ritesh Jain, Founder of Pinetree Macro, pointed out that while international developments are important, Indian market movements are more closely tied to US bond market trends. He noted that gold prices in Indian rupees have hit a new record.

Analysts Recommend Caution Despite Positive Trends

Despite the market strength, experts advised investors to remain cautious. Mandar Bhojane, Equity Research Analyst at Choice Broking, recommended buying near 22,800 with a stop-loss, and selling near the resistance zone between 23,200 and 23,366 if the market shows weakness.

Akshay Chinchalkar, Head of Research at Axis Securities, mentioned that the Nifty index has immediate support between 22,800 and 22,900. He said resistance lies between 23,200 and 23,366, aligning with the 200-day EMA. A steady move above 23,000 could trigger more upside momentum.