Markets Rally on US Tariff Decision, Volatility Expected
Indian stock markets opened strong Monday, buoyed by the US Supreme Court’s rejection of Trump-era tariffs. The Nifty 50 opened at 25,678.40, a 0.42% increase, while the BSE Sensex started at 82,906.83, up 0.11%.
- US Decision: The Supreme Court struck down the President’s authority to impose tariffs.
- Expert Opinion: Volatility is expected to persist amid geopolitical uncertainties and potential new tariffs.
- Nifty Outlook: HDFC Securities analyst Vinay Rajani notes Nifty 50 is choppy, needing a break above 26,000 for bullish momentum.
- Stock Recommendations: HDFC Securities suggests buying HDFC Gold ETF and CPSE ETF.
