Indian stock markets opened higher on Monday as relief over a US court decision striking down Trump-era tariffs lifted investor sentiment. The Nifty 50 and BSE Sensex gained in early trade, though experts cautioned that volatility may persist amid fresh tariff announcements, geopolitical tensions and global uncertainty
Representational image. File pic
After massive uncertainties and global turmoil, Indian stock markets jumped on Monday at the opening bell.
As reported by news agency ANI, a US decision that struck down Trump tariffs gave relief to investors, boosting positive sentiment.
However, experts cautioned that volatility may continue amid ongoing uncertainty around tariffs and geopolitical developments.
Furthermore, the benchmark indices opened in positive territory, with the Nifty 50 index opening at 25,678.40, gaining 107.15 points, or 0.42 per cent. While the BSE Sensex opened at 82,906.83, rising by 92.12 points, or 0.11 per cent.
Expert opinion
Commenting on global turmoil and its impact on Indian market indices, experts noted that while markets reacted positively to the tariff decision, concerns remain due to fresh tariff announcements and global uncertainties.
Ajay Bagga, banking and market expert, while speaking to the media, said, "Indian stock futures soared on Friday when the tariffs were struck down, but post that the 10 per cent and then the 15 per cent global tariff announcements mean India is on par with close competitors in Asia,” as per ANI.
“The Indian stock futures have given up some of their Friday evening gains this morning. With the monthly expiry looming tomorrow and markets in an overbought zone with no supportive catalyst, expect a volatile week as the world watches Iranian negotiations as the primary driver of market sentiments for now,” Bagga added.
US tariffs' impact on markets
The tariff developments have remained a key factor influencing global markets. Trump had announced first a 10 per cent tariff and then hiked it to 15 per cent under Section 122, which allows 150 days of these tariffs.
Markets had witnessed a relief rally on Friday night when the US Supreme Court struck down the President's constitutional authority to levy tariffs.
Gold Prices
While the Indian stock market on Monday opened in green, gold prices also surged again by 2 per cent amid tariff uncertainty to Rs 159,908 per 10 gm for 24-carat gold. Silver prices also jumped 6 per cent to Rs 268,120 per kg, reflecting heightened investor demand for safe-haven assets, as per ANI.
Global markets
Other Asian markets also traded in positive territory. Singapore's Straits Times rose by 0.28 per cent, Hong Kong's Hang Seng index surged by 2.21 per cent, Taiwan's Weighted Index gained 1.41 per cent, and South Korea's KOSPI index rose by 0.31 per cent, while Japan's markets remained closed for a holiday.
(With inputs from ANI)
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