Kamal Ghorui
Stock market today: Nifty50 and BSE Sensex opened in green on Monday on positive global cues following US Supreme Court’s decision to strike down Trump’s tariffs. While Nifty50 was above 25,700, BSE Sensex rose above 83,300. At 9:21 am, Nifty50 was trading at 25,720.40, up 149 points or 0.58%. BSE Sensex was at 83,341.19, up 526.48 points or 0.64%.Markets are bracing for heightened volatility after a series of major developments over the weekend, including a US Supreme Court ruling against President Donald Trump’s tariff measures and a 15% global tariff announced by America.On Friday, the Supreme Court held that Trump had overstepped his authority by imposing sweeping tariffs under an economic emergency law. Within hours of the judgment, Trump announced a new 10% blanket tariff using a separate legal route and subsequently raised it to 15%.US equities ended Friday’s session in positive territory. Gains in heavyweight stocks such as Alphabet and Amazon helped lift the broader market after the court struck down the global tariffs introduced by the president.Crude oil prices fell 1% on Monday as the United States and Iran prepared for a third round of nuclear negotiations, reducing immediate fears of a potential conflict. At the same time, Trump’s latest tariff increases added to concerns about global growth prospects and fuel demand.Foreign portfolio investors net sold shares worth Rs 934 crore on Thursday. In contrast, domestic institutional investors were net buyers, purchasing equities worth Rs 2,637 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
