Overview

• A U.S. appeals court ruled most of President Trump's global tariffs exceeded his authority, kept the levies in place for now, and opened a path for a Supreme Court appeal.
• After a GDP-fueled rebound on Monday, Indian benchmarks reversed on Tuesday with the Sensex down about 206 points and the Nifty off 45 as financials faced profit booking and expiry-driven volatility.
• Investors are watching the GST Council meeting on Sept. 3–4, with reports pointing to potential rate cuts of roughly 10 percentage points on around 175 consumer items.
• Foreign investors continued to sell Indian equities while domestic institutions bought, with provisional figures showing FIIs net −₹1,430 crore and DIIs net +₹4,345 crore on Monday.
• U.S. stock futures fell as Treasury yields climbed and gold set fresh records above $3,500 per ounce, with Friday’s August payrolls report set to shape expectations for a potential Fed rate cut this month.