Stock Market Today Highlights: Nifty 50 and Sensex advanced on Monday following the US Supreme Court’s decisive ruling to strike down President Donald Trump’s sweeping tariffs.
Sensex climbed 479.95 points to settle at 83,294.66; Nifty 50 advanced 141.75 points to 25,713.
The Indian stock market opened higher on Monday as global risk sentiment improved after the recent developments over US tariffs.
The BSE Sensex opened 92.12 points, or 0.11%, higher at 82,906.83, while the NSE Nifty 50 gained 107.15 points, or 0.42%, to open at 25,678.40.
Market extended rally amid strong buying across most sectors. The Sensex rallied 600 points, while the Nifty 50 traded above 25,700 level, and the Bank Nifty rose above 61,200.
Broader markets supported the rally, with the Nifty Smallcap 100 and the Nifty Midcap 100 indices trading in the green.
The US Supreme Court struck down President Donald Trump’s earlier reciprocal tariffs. Trump subsequently signed an executive order imposing a fresh 15% global tariff for 150 days.
Globally, Asian markets traded higher, while the US stock market gained last week after the SCOTUS ruling on Trump tariffs.
Meanwhile, investors will watch out for the nuclear talks between US and Iran amid the ongoing geopolitical tensions. President Trump’s remarks about potentially exploring alternative legal routes to advance his tariff agenda may also keep market sentiment vulnerable and volatile.
Gold Rate Today
Gold and silver prices on Multi Commodity Exchange of India (MCX) opened sharply higher. MCX gold rate today for April futures contracts opened with a gain of ₹1,582, or 1%, at ₹1,58,458 per 10 grams as against its previous close of ₹1,56,876 level.
MCX silver rate today opened higher by ₹10,117, or 4%, at ₹2,63,061 per kilogram as against its previous close of ₹2,52,944 level.
Bullion prices extended rally as MCX gold price was trading up by ₹2,979.00, or 1.90, at ₹1,59,855 level and MCX silver price was trading higher by ₹13,971, or 5.52%, at ₹2,66,915 level.
Gold prices in the international market rose to a more than three-week high, as the dollar fell after on Trump’s tariffs developments. Spot gold rate rallied 1.2% to $5,163.60 per ounce, hitting a more than three-week high. US gold futures for April delivery increased 2% to $5,184.90. Spot silver price climbed 3.1% to $87.10 per ounce, a more than two-week high.
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