Indian Markets Gain on US Tariff Relief While IT Stocks Extend Losses
Indian benchmarks rose today after the US Supreme Court struck down sweeping tariffs. However, IT firms fell on AI concerns and IDFC First Bank shares plunged.
Insights:
On February 23, 2026, Indian 
IN equity benchmarks rose following a significant ruling where the U.S. 
US Supreme Court struck down President Donald Trump's sweeping tariffs. This judicial decision immediately altered near-term tariff expectations and provided a lift to domestic markets, with the Nifty 50 advancing 0.55 percent and the BSE Sensex increasing by 0.58 percent. However, the upward movement was partially constrained by reports from the Indian trade ministry regarding a delay of India's trade delegation to Washington, which had been scheduled for this week.
IN equity benchmarks rose following a significant ruling where the U.S. US Supreme Court struck down President Donald Trump's sweeping tariffs. This judicial decision immediately altered near-term tariff expectations and provided a lift to domestic markets, with the Nifty 50 advancing 0.55 percent and the BSE Sensex increasing by 0.58 percent. However, the upward movement was partially constrained by reports from the Indian trade ministry regarding a delay of India's trade delegation to Washington, which had been scheduled for this week.
