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Indian Shares Rise After U.S. Supreme Court Strikes Down Trump Tariffs
Last Updated: 23rd February 2026 - 12:36 pm
Summary:
Indian equity benchmarks rose on Monday after the U.S. Supreme Court struck down import tariffs imposed by former President Donald Trump. The ruling reduced global trade uncertainty and supported risk sentiment. Benchmark indices gained over 0.6%, with most sectors advancing, while the decision carried implications for India’s trade positioning amid evolving tariff policies.
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Indian shares advanced in early trade following the U.S. Supreme Court ruled Trump tariffs.
The Nifty 50 rose 0.64% to 25,733.
The BSE Sensex gained 0.62% to 83,333.08 as of 9:41 a.m. IST.
Fifteen of the 16 major sectoral indices posted gains.
Small-cap stocks rose 0.8%.
Mid-cap stocks added 0.1%.
Supreme Court Tariff Ruling
The U.S. Supreme Court on Friday struck down tariffs imposed by Donald Trump under a national emergency law.
The ruling has implications for global trade flows and tariff enforcement powers.
On Saturday, Trump said a temporary tariff on U.S. imports from all countries would be raised from 10% to 15%, the maximum allowed under the law.
Trade And Policy Developments
India has delayed plans to send a trade delegation to Washington this week, Reuters reported, citing a trade ministry source.
The delay follows uncertainty around tariff policy after the court ruling.
Stock-Specific Moves
Textile stocks including Trident, Welspun Living, Arvind, and Kitex Garments rose between 2.5% and 8%.
IDFC First Bank fell 15% after reporting a probe into a suspected $65 million fraud involving certain employee-linked accounts.
AU Small Finance Bank declined 6.6% after being de-empanelled by the Haryana government for government business.
Cipla shares fell 2% after the U.S. drug regulator classified a unit of its supply partner as an official action indication following an inspection in Greece.
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