Nifty's 2.5% Weekly Drop: Will US Supreme Court Ruling on Trump Tariffs Decide 25,400 or 25,900?

• Indian benchmark equity indices, Sensex and Nifty, extended their losing streak to a fifth straight session, marking their worst weekly drop in over three months.
• The Sensex declined 604.72 points (0.72%) to close at 83,576.24, while the Nifty dropped 193.55 points (0.75%) to settle at 25,683.30.
• Markets fell approximately 2.5% over the past five sessions, with BSE-listed companies losing around Rs 15 lakh crore in market capitalization.
• Investor focus is now on a crucial US Supreme Court ruling regarding President Donald Trump’s authority to impose tariffs using emergency powers.
• Technical analysts suggest Nifty's immediate support is at 25,600–25,550, with potential downside to 25,400, and resistance at 25,850–25,900.

Why It Matters: Indian markets saw a significant weekly fall, with future direction hinging on the US Supreme Court's decision on Trump tariffs.