US Supreme Court Strikes Down Trump Tariffs

Indian equity benchmark indices, BSE SENSEX and NIFTY 50, closed higher on Monday, marking their second consecutive session of gains. This positive movement was primarily driven by improved investor sentiment after the United States===Supreme Court of the United States struck down the Trump administration's sweeping tariffs. The ruling temporarily eased global trade-related concerns, boosting risk appetite across markets. PSU banks, auto, and financial stocks saw significant gains, with Adani Ports and Special Economic Zone being a top performer. Conversely, the IT sector, including Infosys, experienced losses due to unresolved concerns over AI-driven disruption and potential slowdown in US tech spending. Investors are now awaiting clarity on Donald Trump's revised trade strategy and potential renegotiations by other nations. Foreign Institutional Investors (FIIs) were net sellers, while Domestic Institutional Investors (DIIs) were net buyers.