New Delhi, Feb. 23 -- Indian stock markets are likely to attempt a relief rally this week, however, but fresh twists in US trade policy are likely to keep sentiment fragile. A weekend in Washington has once again unsettled global markets, with investors grappling with renewed uncertainty around tariffs.

After a landmark 6-3 ruling by the US Supreme Court that declared tariffs imposed under the International Emergency Economic Powers Act (IEEPA) illegal on Friday; US President Donald Trump announced a sharp policy pivot, unveiling a fresh 10% global tariff to replace levies that were struck down by the US Supreme Court. Calling the court's ruling "terrible", Trump openly criticised the judges who rejected his earlier trade measures.

Pres...