Stock Market LIVE Updates, Wednesday, April 9, 2025: Indian stock markets declined on Wednesday after the Reserve Bank of India Monetary Policy Committee unanimously decided to cut the repo rate by 25 bps to 6 per cent, as investors braced for the impact of tariffs to be levied starting midnight stateside.
At 11 AM, the BSE Sensex was lower by 3788.59 points, or 0.51 per cent, at 73,848.49, while the Nifty50 was at 22,391.40, lower by 144.45 points, or 0.64 per cent.
According to Hrishikesh Yedve, AVP technical and derivatives research at Asit C. Mehta Investment Interrmediates, technically, on the daily chart, Nifty formed a green candle and sustained above the 22,320 hurdle in the previous session, signalling continued buying interest and strength. "On the upside, 22,800 remains the immediate resistance level, while 22,320 will now act as key support. A decisive move above 22,800 could open the door for further upside. Traders are advised to monitor these key levels for potential trading opportunities," he noted.
Further, the brutal market selloff triggered by US recession fears has cast a doubt over the upcoming initial public offerings (IPOs) of LG Electronics India and Ather Energy — both of which were slated to debut later this month. Sources said both companies are now considering a delay following a swift shift in market sentiment amid rising global trade tensions. READ MORE
 "Stock Market LIVE: Sensex volatile despite 25 bps rate cut by RBI; Trump tariffs in focus")
