Indian stock markets opened sharply higher on Monday, with Sensex and Nifty gaining nearly 1% in early trade, following the US Supreme Court’s decision to strike down tariffs imposed by Donald Trump.
At 9:39 am, the S&P BSE Sensex rose 630.25 points to 83,444.96, while the NIFTY 50 added 190.55 points to 25,761.80.
Markets cheer US court ruling
The US Supreme Court ruling was seen as a relief for investors, easing concerns over trade tensions. Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, said the verdict is positive but cautioned that the rally may be short-lived.
“From the market perspective, this is indeed a positive. However, it may only trigger a relief rally. Sustainable gains will depend on fundamentals, which fortunately are improving,” he noted. He added that India has delayed its trade negotiation visit to the US due to the changed scenario — a move welcomed by the market.
Tariff uncertainty remains
Vijayakumar also pointed out that the Trump-era tariff story remains complex. Even the newly proposed 15% global tariff under Section 122 is likely to face legal challenges, as the law allows tariffs only during a serious balance-of-payments crisis — a situation the US currently does not face.
While the court decision removes one external risk, experts say that future market direction will hinge on domestic economic indicators, corporate earnings, and global trade developments. For now, Dalal Street has reacted positively, reflecting relief over reduced US trade tension risks.
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