Markets extend gains as investors cheer U.S. court tariff verdict; Sensex climbs 480 points

Market Performance - The BSE Sensex increased by 479.95 points, or 0.58%, closing at 83,294.66, with an intraday high of 83,486.15 [1] - The NSE Nifty rose by 141.75 points, or 0.55%, to close at 25,713, reaching a high of 25,771.45 during the session [2] Sector Performance - Adani Ports was the top gainer in the Sensex pack, up by 2.98%, with other major gainers including Kotak Mahindra Bank, UltraTech Cement, and HDFC Bank [3] - The IT index faced pressure due to ongoing concerns regarding AI-driven disruption [4] Investor Sentiment - The U.S. Supreme Court's ruling against Trump's tariffs positively influenced domestic market sentiment, with investors looking for clarity on future strategies [4] - Domestic themes in banking, power, FMCG, and consumer discretionary sectors gained traction, driven by expectations of resilient demand and economic recovery [5] International Market Context - Broader Asian markets closed higher, with Hong Kong's Hang Seng up by 2.53% and South Korea's Kospi increasing nearly 1% [5] - European markets showed mixed performance, with Germany's DAX down by 0.44% while other indices remained flat [6] Institutional Activity - Foreign Institutional Investors (FIIs) sold equities worth ₹934.61 crore, while domestic institutional investors purchased stocks worth ₹2,637.15 crore [6]