INDIA STOCKS-Indian shares open higher after US court blocks Trump tariffs

May 29 (Reuters) - Indian shares opened higher on Thursday, tracking gains in Asian peers and Wall Street futures, as investors cheered a U.S. trade court's decision to block President Trump's across-the-board duties on imports from U.S. trading partners.

The Nifty 50 .NSEI rose 0.29% to 24,825.10, while the BSE Sensex .BSESN traded 0.34% higher at 81,591.03 as of 9:15 a.m. IST.

All the 13 major sectors advanced. The broader smallcaps .NIFSMCP100 and midcaps .NIFMDCP100 gained about 0.5% each.

The Court of International Trade ruled that President Trump exceeded his authority with the proposed tariff plan. Although the White House has appealed the decision, the ruling raised hopes that Trump may scale back from imposing the highest tariff levels he had threatened, lifting global risk sentiment.

The U.S. court decision boosted the U.S. dollar, while safe-haven gold edged lower as investor risk appetite improved.

Asian shares and Wall Street futures advanced, supported by chipmaker Nvidia's NVDA.O quarterly sales beat and positive revenue outlook released after U.S. market hours. MKTS/GLOB

($1 = 85.3860 Indian rupees)