India shares rise on US tariff relief as IT losses temper gains

Indian equity benchmarks rose on Monday after the US Supreme Court struck down Trump’s tariffs, with the Nifty 50 up about 0.6% to 25,713 and the Sensex up about 0.6% to 83,295, helped by financials and PSU banks even as IT names fell on AI disruption fears after Jefferies downgraded several firms (Infosys, TCS, Wipro). The IT index slid around 1.4% for the day, while IDFC First Bank dropped about 16% on a suspected $65 million fraud probe and AU Small Finance Bank fell around 5% after being dropped from a Haryana government banking list.