India’s BSE Sensex rose about 0.7% to 83,368 on Monday, extending gains for a second consecutive session, after the US Supreme Court struck down key Trump-era tariffs, prompting former President Trump to temporarily lift import duties to 15%. Banking, renewable energy, and technology shares were in focus as investors digested company-specific developments. Early outperformers included CIE Automotive (+8.7%), PCBL Chemical (+6.1%), Trident (+5.3%), Nitin Spinners (+3.1%), and Tata Motors (+2.5%).
At the same time, the RBI’s stricter borrowing norms for trading firms may weigh on liquidity and market flows, potentially dampening derivatives activity and increasing price volatility even as equities open higher. On the macro front, Friday’s Q4 GDP release is expected to help set the tone for trading in the coming sessions.
