Indian shares set for positive start following US Supreme Court ruling on tariffs
Indian equities are expected to open higher this Monday following a US Supreme Court ruling that struck down sweeping trade tariffs. While domestic sentiment remains positive, India has delayed a trade delegation to Washington amid ongoing policy uncertainty.
The U.S.
US Supreme Court struck down sweeping tariffs imposed by President Donald Trump under a law intended for use in national emergencies. Following the ruling, Trump subsequently raised a temporary tariff on U.S. imports to 15 percent. This decision and the follow-up occurred immediately before planned trade talks between the U.S. and India
IN this week, resulting in significant implications for global trade and the economy.
The decision and follow-up moved Indian markets higher, with Gift Nifty futures indicating a higher open. Movement was observed across domestic equities and major indices such as the Nifty 50 and the Sensex. The impact spread to export-oriented sectors and specific stocks, including IDFC First Bank, RailTel, and Ashoka Buildcon. Other companies identified in the scope of these market movements include Pharmathen International, Vikram Solar, and Jupiter International. The evolving trade landscape also involves considerations related to Greece
GR and Iran
IR.









