Stock market today: Nifty50 settles at 25,713; BSE Sensex climbs nearly 480 points to close at 83,294

Stock market today: Benchmark equity indices Nifty50 and Sensex closed higher on Monday, led by gains in PSU banks, auto and financial stocks as investor sentiment improved after the US Supreme Court struck down the Trump administration’s sweeping tariffs.The NSE Nifty50 advanced 141.75 points, or 0.55 per cent, to settle at 25,713, after touching an intraday high of 25,771.45, up 200.2 points, or 0.78 per cent.The 30-share BSE Sensex climbed 479.95 points, or 0.58 per cent, to end at 83,294.66. During the session, the benchmark surged 671.44 points, or 0.81 per cent, to hit a day’s high of 83,486.15. Among Sensex constituents, Adani Ports emerged as the top gainer, rising 2.98 per cent. Other major gainers included Kotak Mahindra Bank, UltraTech Cement, PowerGrid, Hindustan Unilever, HDFC Bank, Axis Bank, Bharti Airtel, State Bank of India, Titan, Mahindra & Mahindra and Larsen & Toubro.On the downside, Infosys, Tech Mahindra, Trent, HCL Technologies, Bajaj Finserv, Tata Consultancy Services, ITC, Bharat Electronics Ltd, Eternal, Tata Steel and IndiGo ended the session in the red.Markets are bracing for heightened volatility after a series of major developments over the weekend, including a US Supreme Court ruling against President Donald Trump’s tariff measures and a 15% global tariff announced by America.On Friday, the Supreme Court held that Trump had overstepped his authority by imposing sweeping tariffs under an economic emergency law. Within hours of the judgment, Trump announced a new 10% blanket tariff using a separate legal route and subsequently raised it to 15%.US equities ended Friday’s session in positive territory. Gains in heavyweight stocks such as Alphabet and Amazon helped lift the broader market after the court struck down the global tariffs introduced by the president.Crude oil prices fell 1% on Monday as the United States and Iran prepared for a third round of nuclear negotiations, reducing immediate fears of a potential conflict. At the same time, Trump’s latest tariff increases added to concerns about global growth prospects and fuel demand.Foreign portfolio investors net sold shares worth Rs 934 crore on Thursday. In contrast, domestic institutional investors were net buyers, purchasing equities worth Rs 2,637 crore.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)