FX.co ★ Indian Stocks Start Week Higher

Indian stocks registered gains on Monday, recovering some ground from recent losses, as investors weighed the potential impact of additional tariffs from the United States against India. The S&P BSE Sensex advanced by 0.5%, closing at 81,020, while the NSE Nifty 50 increased by 0.6%, reaching 24,720. The upward movement came after US President Trump instituted 25% tariffs on Indian goods last Friday, following unsuccessful negotiations over trade agreements. Trump has warned of further penalties if India does not curtail its energy trade and re-exports. However, Indian Prime Minister Modi indicated that energy companies should not succumb to these pressures. The session saw metals producers and export-oriented firms leading the upward momentum, driven by favorable currency movements with both the rupee and dollar depreciating against major counterparts. Tata Steel notably surged by over 4%. The automotive sector also benefited, as evidenced by Hero MotoCorp's nearly 2% increase following its earnings announcement.