Indian equity benchmarks, the Sensex and Nifty 50, opened with a massive gap-up on Monday, tracking a wave of global relief after the U.S. Supreme Court struck down President Donald Trump\u2019s sweeping “Reciprocal Tariffs.” While the legal victory for exporters provided the initial spark, the market remains on edge as the White House pivoted to a new 15% global baseline tariff, simultaneously driving gold and silver to record highs.<\/p>\n\n\n\n
At the time of writing, the S&P BSE Sensex was trading 589.87 points, or 0.71 percent, higher at 83,404.58, while the Nifty 50<\/strong> gained 175.25 points, or 0.69 percent, to hover around 25,746.50. Market breadth remained skewed in favor of bulls, with 2,201 shares advancing against 850 declines.<\/p>\n\n\n\n The primary driver for the Monday morning “leap” was the U.S. Supreme Court\u2019s 6-3 decision late Friday. The Court ruled that President Trump overstepped his authority by using emergency laws to bypass Congress for broad-based tariffs. This effectively neutralized the threat of punitive duties\u2014ranging from 18% to 50%\u2014on Indian goods.<\/p>\n\n\n\n Fourteen of the 16 major sectoral indices logged gains at the open, led by sectors with heavy U.S. exposure:<\/p>\n\n\n\n In a rare move, safe-haven assets rallied alongside equities. As Trump pivoted to a 15% global tariff<\/strong> under Section 122 (effective Feb 26), bullion markets priced in a prolonged trade war and escalating U.S.-Iran tensions.<\/p>\n\n\n\n Expert Take:<\/strong> The gap-up was fueled by massive short-covering as traders who bet against the market were forced to buy back. However, with the India VIX holding near 13.5, intraday swings could remain sharp as the February 26 deadline approaches.<\/p>\n\n\n\n Technically, the Nifty 50 has negated its previous “bearish engulfing” pattern. Analysts believe the index needs to hold above 25,700<\/strong> to sustain momentum toward the psychological 26,000<\/strong> mark. Immediate resistance is placed at 25,850<\/strong>, while the 25,600<\/strong> zone has now shifted from resistance to primary support.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Indian equity benchmarks, the Sensex and Nifty 50, opened with a massive gap-up on Monday, tracking a wave of global relief after the U.S. Supreme Court struck down President Donald Trump\u2019s sweeping “Reciprocal Tariffs.” While the legal victory for exporters provided the initial spark, the market remains on edge as the White House pivoted to […]<\/p>\n","protected":false},"author":3,"featured_media":7988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=7987"}],"version-history":[{"count":2,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7987\/revisions"}],"predecessor-version":[{"id":7990,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7987\/revisions\/7990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/7988"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=7987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=7987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=7987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\n\n\nThe Catalyst: SCOTUS Checks Trump\u2019s Trade Powers<\/strong><\/h3>\n\n\n\n
\n\n\n\nSectoral Spotlight: IT & Pharma Lead; Banking Sees Outliers<\/strong><\/h3>\n\n\n\n
\n
\n\n\n\nThe \u2018Fear\u2019 Hedge: Gold and Silver Shatter Records<\/strong><\/h3>\n\n\n\n
\n
Technical View: 26,000 in Sight?<\/strong><\/h3>\n\n\n\n