GIFT Nifty Soars as US Supreme Court Strikes Down Trump Tariffs

• GIFT Nifty surged nearly 250 points after the US Supreme Court ruled against President Donald Trump’s tariff measures.
• The court, in a 6-3 ruling, held that the International Emergency Economic Powers Act (IEEPA) does not authorize tariff imposition.
• The judgment is expected to halt a significant portion of tariffs announced last year, including those on India for Russian oil purchases.
• Justice Kavanaugh's dissent mentioned duties on India and the use of tariffs as leverage in trade negotiations.
• US equities reacted positively, with S&P 500, Dow Jones, and Nasdaq Composite all showing gains.