The US Supreme Court struck down tariffs that were imposed under IEEPA, effectively nullifying all country-wise reciprocal tariffs as well as fentanyl-related tariffs that were implemented in 2025. This development removes certain trade barriers that had affected multiple countries, reshaping the global trade landscape.

Sensex rose 485 points and Nifty gained 174 on Monday, driven by optimism over the India-US trade deal, strong buying in PSU banks, consumer durables, and realty stocks, supported by foreign fund inflows