GIFT Nifty Jumps 172 Points Amid Trump Tariff Turmoil, Strong Start Expected

• GIFT Nifty surged 172 points, indicating a strong opening for Indian benchmark indices Sensex and Nifty.
• US Supreme Court struck down Trump's broad global tariffs, ruling his administration lacked legal authority under IEEPA.
• Court stated IEEPA allows regulation of specific financial transactions during emergencies, not blanket trade tariffs.
• Trump responded by signing an executive order for a fresh 15% global tariff under Section 122 of the Trade Act of 1974.
• Analysts believe the 15% tariff is less severe than prior proposals, offering scope for negotiations and limiting India's tariff exposure to 10%.