India, Sept. 1 -- Indian shares rose sharply on Monday as new data showed the Indian economy remains on a solid footing.
The GDP print for the first quarter stood at 7.8 percent, the highest in five quarters and coming well above the consensus estimate of 6.8 percent.
Traders also welcomed a U.S. federal appeals court ruling that most of President Donald Trump's tariffs, impacting numerous trading partners, were illegal.
The 7-4 ruling by the U.S. Court of Appeals for the Federal Circuit affirmed a lower court's finding that Trump had exceeded his authority in tapping emergency economic powers to impose wide-ranging duties.
At the same time, the judges allowed the tariffs to stay in place through mid-October, giving Trump time to take t...