Sensex and Nifty Open Strong: Indian stock markets started the week on a bullish note on Monday, with both BSE Sensex and Nifty 50 opening in the green. The surge was driven by positive news from the United States, where the Supreme Court struck down tariffs imposed by former President Donald Trump.
By 9:30 AM, the Sensex had jumped over 600 points, while Nifty 50 gained nearly 200 points. This surge increased the market capitalization of BSE-listed companies by ₹3.8 lakh crore, taking the total to ₹471 lakh crore.
Market Performance as of 9:50 AM
- Sensex: 83,372.43, up 557.72 points
- Nifty 50: 25,743.05, up 171.80 points
Experts caution that the market may witness volatility in the coming days due to several major developments over the weekend, including the Supreme Court’s decision on Trump’s tariffs and subsequent tariff adjustments by the U.S., raising global trade concerns.
Crude Oil Prices Fall
Crude oil prices also dropped sharply on Monday after reports emerged that the third round of nuclear talks between the U.S. and Iran is about to begin. This eased fears of potential geopolitical conflict, providing another positive signal for global markets.
Supreme Court Verdict Explained
On Friday, the U.S. Supreme Court ruled that tariffs imposed by Trump under the Economic Emergency Powers Act exceeded his authority. Within hours, Trump announced a new legal route to impose tariffs—initially 10%, later increased to 15%—impacting global trade.
Global Markets React
Following the ruling, U.S. markets closed higher, with gains in major stocks like Alphabet and Amazon, fueling optimism in Indian markets. Last Thursday, foreign portfolio investors (FPIs) sold shares worth ₹934 crore, but domestic institutional investors (DIIs) bought ₹2,637 crore in equities, supporting the rally.
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