Global markets are reeling this morning after the US Supreme Court upheld Donald Trump’s controversial 15 percent tariff order on international trade partners. While global trade anxiety rises, the Indian stock market is bracing for a massive gap up opening as domestic investors bet on resilience. Gold prices have shattered records in a historic safe haven rally while experts identify key buying opportunities for savvy traders.
GIFT Nifty Signals Robust Opening
The Indian stock market was closed when the landmark decision regarding US tariffs was announced. However, the GIFT Nifty futures market remained active and provided a clear signal of investor sentiment. Data shows that the GIFT Nifty 50 futures surged significantly higher than the previous close of the Nifty 50 index on Dalal Street.
Market analysts point to a premium of nearly 200 points in the futures market. This suggests that domestic indices are poised to open with strong momentum despite the global trade jitters. Avinash Gorakshkar, a lead fundamental equity analyst, noted that the BSE Sensex could potentially open more than 500 points higher. This optimism stems from the belief that India may be better positioned than other emerging markets to weather the tariff storm.
Precious Metals Enter Super Bull Phase
Uncertainty is the best friend of precious metals and the latest trade developments have ignited a fire in the bullion market. The fresh 15 percent tariff order has spooked global currency markets. Investors are aggressively dumping riskier assets and rushing toward the safety of gold and silver.
Market Snapshot: Commodity Surge
- Gold: Opened with a sharp upside gap, touching intraday highs near $5,193 per ounce.
- Silver: Outperformed gold with a massive 6 percent gain, crossing $87 per ounce.
- Trigger: US Supreme Court ruling and escalating US-Iran tensions.
- Outlook: Strong buy ratings from commodity experts.
This rally is not just about tariffs. Geopolitical concerns involving Iran and general trade instability are fueling the fear trade. Analysts believe this bull run in precious metals has strong legs and could continue for several sessions as traders digest the full impact of the new US trade policy.
Top Stocks to Buy Now
Leading market experts have identified specific stocks that are showing strong technical patterns or fundamental resilience. These recommendations come at a time when the broader market is recovering from a volatile corrective phase. The focus is on companies with strong domestic order books and those capable of withstanding export hurdles.
Expert Recommended Watchlist:
- Vardhman Textiles: Despite trade concerns, this stock shows technical strength and value buying interest at current levels.
- ABSLAMC: The asset management company is benefiting from the continued inflow of domestic institutional funds which stabilizes the market.
- BHEL: A top pick in the infrastructure space. The company continues to win large orders and remains a favorite for government backed capex themes.
- Cummins India: Strong industrial demand and power solutions keep this stock in the green zone for long term investors.
- JSW Energy: With power demand peaking, this energy major is technically poised for a breakout.
Investors should note that the rebound in the Nifty 50 is driven primarily by banking and energy stocks. These sectors are helping to offset weakness in IT stocks which are more vulnerable to US policy changes.
Domestic Resilience Against Global Headwinds
The underlying strength of the Indian economy is acting as a major shield against these global shocks. Recent positive PMI readings indicate that private sector activity remains robust. This is particularly true in manufacturing where domestic demand is outpacing export weakness.
Domestic Institutional Investors have played a crucial role here. They have consistently bought Indian equities to counter the outflows from Foreign Institutional Investors. This tug of war has created a floor for the market. Experts view recent dips as corrective moves within a broader uptrend rather than a reversal.
The market has priced in much of the bad news. With key support levels holding firm, the focus has shifted to earnings momentum. Traders are advised to maintain a buy on dip strategy while keeping a close eye on the banking and metal sectors.
The coming week will be critical for global markets as the full implementation details of the new US tariffs emerge. For now, the Indian bulls seem ready to charge. We want to hear your thoughts on this market setup. Do you think Indian stocks can ignore the US tariff pressure? Share your views using the hashtag #MarketRally2026 on X and Instagram to join the conversation.
