Indian Benchmarks Open Higher After Upbeat GDP data, US Court's Tariff Ruling

India’s equity benchmarks opened higher on Monday, supported by global and domestic developments. The gains came after a U.S. federal court ruled that most of President Donald Trump’s tariffs were illegal, though it allowed them to remain in effect until October 14 to give time for an appeal before the U.S. Supreme Court.

At the domestic level, investor sentiment improved as India’s gross domestic product (GDP) grew 7.8 per cent in the April–June quarter, beating expectations. This data encouraged market participants even as the sharp rise in U.S. tariffs—50 per cent on Indian goods—remains a concern for upcoming quarters.

As of 9:16 a.m. IST, the Nifty 50 index rose 0.33 per cent to 24,502.9 points, while the BSE Sensex added 0.31 per cent to 80,065.84. All 16 major sectors recorded gains, highlighting broad-based participation. Notably, Small-Cap and Mid-Cap stocks also moved higher, with the CNX Smallcap rising 0.5 per cent and the CNX Midcap climbing 0.7 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.