India's benchmark indexes are poised for a positive open on Thursday, tracking gains in broader Asian peers and Wall Street futures, as investors cheered a U.S. federal court's decision to block President Trump's proposed "Liberation Day" tariffs.

President Donald Trump's administration can continue to levy tariffs while challenging a court decision blocking him from doing so, an appeals court ruled. The May 29 ruling by the United States Court of Appeals for the Federal Circuit means Trump will still be able to wield his chief economic tool in the short term.

A U.S. federal court on Wednesday blocked President Donald Trump's "Liberation Day" tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board taxes on imports from nations that sell more to the United States than they buy.