Sensex Set to Open Deep in the Red Today After Nasdaq Meltdown, Asian Markets Bleed
Key Highlights:
The BSE Sensex, which closed at 73,847.15 on 9 April, is expected to open 400–500 points lower when the markets resume trading today, 11 April, after a one-day holiday for Mahavir Jayanti.
The global landscape has dramatically worsened in the past 24 hours, with a brutal Nasdaq correction shaking investor confidence worldwide. India, returning from a break, is poised to catch up with this wave of negativity.
Global Market Snapshot
| Index | Change (%) | Latest Value |
|---|---|---|
| Nasdaq | -4.31% | 16,387.31 |
| Dow Jones | -2.50% | 39,593.66 |
| Nikkei 225 | -5.12% (live) | 32,837.45 |
| KOSPI | -1.60% (live) | 2,406.04 |
| Hang Seng | -2.00% (approx. live) | 20,600 range |
| S&P/ASX 200 | -0.51% (early trade) | 7,670.50 |
| SGX Nifty | -300 points (approx) | ~22,350 zone |
The tech-heavy Nasdaq’s 737-point plunge has triggered panic across global equities, and the Asian markets are bearing the brunt today.
Sensex Opening Prediction – 11 April 2025
- Likely Opening: Around 73,300–73,450
- Expected Gap-Down: ~400 to 500 points
- Sentiment: Strongly negative with potential for intraday volatility and sharp swings
Previous Close Overview (9 April)
| Metric | Value |
|---|---|
| Open | 74,103.83 |
| High | 74,103.83 |
| Low | 73,673.06 |
| Close | 73,847.15 |
| Previous Close | 74,227.08 |
| Day Change | -379.93 (-0.51%) |
Key Levels to Watch Today
| Level Type | Value |
|---|---|
| Resistance 1 | 74,000 |
| Immediate Support | 73,300 |
| Breakdown Level | 73,100 |
| Critical Zone | 72,850 |
A break below 73,100 could accelerate selling pressure, while any pullback above 74,000 will face stiff resistance.
What’s Pressuring the Market?
- U.S. Inflation Fears
- Higher-than-expected U.S. CPI has delayed rate cut hopes
- Fed may stay hawkish, triggering global yield spikes
- Tech Sector Rout
- Nasdaq led the global crash; tech is a major FII segment in India too
- Asian Markets Dive
- Japan’s Nikkei down over 5%, Hang Seng and KOSPI in deep red
- India’s correlation with global indices raises caution
- Holiday Catch-Up Effect
- India’s markets were shut on April 10
- Now bracing to absorb 24–36 hours of volatility in one go
🧩 Sector Outlook Today
| Sector | Sentiment | Comments |
|---|---|---|
| IT | Bearish | Infosys, TCS, Wipro to face selling pressure |
| Banks | Mixed | HDFC Bank, Kotak, Axis to watch closely |
| Auto & FMCG | Slightly stable | Defensive interest may offer some cushion |
| Infra & Metals | Weak bias | Sensitive to global cues, may fall further |
FIIs & Currency Watch
- FIIs were net buyers on 9 April, but reversal expected today
- Rupee may weaken against USD amid flight to safety
- Watch for India VIX surge above 13.5 — indicating rising fear
Expert Insights
“Sensex will open sharply lower as global sentiment is risk-averse. However, India’s domestic fundamentals remain relatively strong. Watch for any buying on dips after the initial knee-jerk reaction,”
— Ankit Jain, Head of Equities, ICICI Direct
“This is a traders’ market, not for the faint-hearted today. Be stock-specific and cautious,”
— Pranjal Mehta, Market Strategist, Edelweiss
Brace for a Volatile Open – Avoid Aggression Early
The BSE Sensex is set for a downbeat start today after the U.S. tech rout and weak Asian cues. Investors should remain cautious at the open, avoid aggressive buying, and focus on support zones near 73,100. If the global negativity continues, more downside cannot be ruled out.
The session may see intraday pullbacks, but the bias remains bearish unless sharp recovery signs emerge by mid-day.
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