By Dalal Street Investment Journal (DSIJ)
The Indian benchmark indices—BSE Sensex and Nifty 50—are likely to open higher on Monday, supported by firm global cues after the US Supreme Court struck down President Donald Trump’s tariff measures, even as a revised 15% levy remains in place. Through the week, investors will track India’s GDP data, the derivatives expiry, institutional flows, RBI MPC minutes, key US macro releases, and moves in gold, silver, and crude oil, while stock-specific action may remain in focus in Bharti Airtel, IDFC First Bank, and others.
The Good News as we step into Monday’s trading: The Supreme Court of the United States has struck down President Donald Trump’s tariff order.
The Indian market is gearing up for a gap-up opening after the Supreme Court of the United States’s 6–3 ruling on Friday (Feb 20), striking down President Donald Trump’s “Liberation Day” and “Reciprocal Tariffs", which have fundamentally altered the global trade outlook.
Early sentiment may look upbeat, but Trump’s 15% tariff move may keep volatility elevated even after the early burst of optimism.
Gift Nifty was trading around the 25,747 level, a premium of nearly 181 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.
In the coming week, investors will track key market triggers, including further developments on Trump’s tariff policy, India’s GDP data, the monthly derivatives expiry, movements in gold and silver prices, foreign fund flows, and other significant domestic and global macroeconomic cues.
Asian markets advanced, while US equities ended higher last week following the SCOTUS ruling on Trump’s tariff measures.
The US Supreme Court struck down the global tariffs imposed by US President Donald Trump as unconstitutional, but later, Trump signed an executive order invoking Section 122 of the Trade Act of 1974 to impose a temporary 10% global tariff. Trump then raised this new global rate to 15%, the maximum allowed under Section 122.
Stocks to Watch on Monday: Highway Infrastructure, Bharti Airtel, IDFC First Bank, and Others
The stock-specific actions are likely to continue, and here is the list of stocks to watch out for on Monday, February 23, 2026.
Company | Key Update | Amount / Impact |
Highway Infrastructure | Road development contract under Town Planning Scheme-08 (Indore) | ₹69.68 crore |
Bharti Airtel | Launched AI & Cyber Threat Research Centre – India with Zscaler Inc | Strategic cybersecurity initiative |
Allcargo Terminals | January volume at 63,400 TEUs | +8% YoY, -5% MoM |
IDFC First Bank | Fraudulent transactions linked to Haryana govt accounts; forensic audit by KPMG | ₹590 crore exposure |
Sudarshan Pharma Industries | GST search & seizure at Mumbai office | Operations normal; under review |
On February 20, Foreign Institutional Investors (FIIs) were net sellers, having sold equities worth ₹934.61 crore. Domestic Institutional Investors (DIIs), on the other hand, bought shares totalling ₹2,637.15 crore during the same session.
FIIs have made a streak of selling for two consecutive trading sessions.
On Friday, Indian equities closed higher, supported by broad-based buying across most sectors.
The Sensex rallied 316.57 points, or 0.38%, to close at 82,814.71, while the Nifty 50 settled 116.90 points, or 0.46%, higher at 25,571.25.
Minutes of the Reserve Bank of India Monetary Policy Committee (MPC) meeting showed that strong growth and easing inflation prompted policymakers to keep rates unchanged in February. RBI Governor Sanjay Malhotra stated that the current policy rate remains appropriate, citing buoyant growth, benign inflation, and improving external conditions
The US stock market closed higher on Friday after investors reacted to the US Supreme Court’s decision to strike down President Donald Trump’s tariff measures.
The Dow Jones Industrial Average rose 230.81 points, or 0.47%, to 49,625.97. The S&P 500 gained 47.62 points, or 0.69%, to 6,909.51, while the Nasdaq Composite advanced 203.34 points, or 0.90%, to close at 22,886.07.
Among major stocks, Nvidia rose 1.02%, Advanced Micro Devices declined 1.58%, Amazon climbed 2.56%, Apple gained 1.54%, and Meta Platforms advanced 1.69%.
US economic growth slowed sharply in the fourth quarter, with GDP expanding at a 1.4% annualised pace, below the 3.0% estimate and slower than the 4.4% growth recorded in the third quarter. For the full year, the economy grew 2.2%.
Inflation, however, came in stronger than expected. The core Personal Consumption Expenditures (PCE) price index rose 0.4% in December, above forecasts of 0.3%. On a year-on-year basis, core PCE inflation accelerated to 3.0%, up from 2.8% in November.
Iran’s Foreign Minister Abbas Araghchi said there is a “good chance” of reaching a diplomatic, win-win solution on the nuclear issue. He indicated that talks with US special envoy Steve Witkoff are expected to take place in Geneva.
The dollar fell as traders took the US Supreme Court’s decision to strike down most of President Donald Trump’s tariffs as supportive for global growth.
Gold jumped 1% to above $5,160 on Monday, reaching its highest point in over three weeks as renewed tariff worries prompted a rush to safe-haven assets.
Silver climbed 2% to trade above $86 per ounce on Monday, extending gains to a fourth session.
WTI crude oil futures fell below $66 per barrel on Monday, retreating slightly from a six-month high, as investors weighed the likelihood of a US–Iran nuclear deal, with further negotiations expected later this week.
Also Read: Gold Price Today in India
SEBI Registered Research Analyst (INH000006396).
Founded in 1986, Dalal Street Investment Journal (DSIJ) brings decades of experience in India’s equity markets. DSIJ's research combines fundamental analysis with price action, guided by disciplined risk management and capital preservation. They follow a structured, data-driven approach designed to help investors and traders make informed decisions beyond short-term market noise.
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