The stock market had a good start on Monday. Due to positive news from the United States, both Nifty50 and BSE Sensex opened in the green. On Friday, the US Supreme Court struck down President Trump’s tariffs. This news caused a wave of happiness in the markets across the world. By 9:30 am, the Sensex had jumped more than 600 points. Nifty50 also increased by about 200 points. With this increase, the total market cap of BSE listed companies increased by ₹3.8 lakh crore to ₹471 lakh crore.
At 9:50 am the Sensex was up 557.72 points at 83,372.43. Nifty50 was also trading 171.80 points higher at 25,743.05. There may be ups and downs in the market in the coming days, because many major incidents took place over the weekend. The most important among these was the decision of the US Supreme Court, which dealt a blow to President Donald Trump’s tariff measures. Soon after, the US also imposed a 15% global tariff.
Crude oil prices also fell
Crude oil prices also fell sharply on Monday. This happened because the third round of nuclear talks between the US and Iran was about to begin. This reduced concerns about a possible war, which brought more good news for the markets.
What was the decision of the Supreme Court?
On Friday, the US Supreme Court ruled that the massive tariffs imposed by President Trump under the Economic Emergency Act are beyond its jurisdiction. Within hours of the decision, Trump took a different legal route, announcing new tariffs of 10% and then increasing them to 15%.
US stock markets also closed with gains on Friday. Shares of big companies like Alphabet and Amazon rose rapidly. This gave the market a boost, especially after the court struck down the President’s global tariffs. Foreign portfolio investors (FPIs) sold shares worth ₹934 crore on Thursday. In contrast, domestic institutional investors (DIIs) invested in the market and bought shares worth ₹2,637 crore.
