Tracking US market slump, Indian benchmark indices open under pressure:Sensex drops 700 points to 82,800; Nifty slips 200 points on Trump’s fresh tariff threats

Tracking overnight US market slumpfollowing Trump’s fresh tariff threats, the Indian benchmark indices opened in heavy selling mode on Tuesday, February 23, 2026. The Sensex declined 700 points to 82,800 level. Nifty lost 200 points to 25,530. IT and auto shares felt the chill. Other Asian markets display mixed movement US markets declined on February 23 Trump says US SC verdict accidentally gives him more powers establishes legality of various other types of tariffs already in effect US President Donald Trump said on Monday 23, February, 2026 that the Supreme Court’s tariff verdict was ‘ridiculous’ and ‘dumb’. He further adds that the top court’s ruling has accidentally given him more powers. The American president added that he can use ‘Licenses’ to do absolutely ‘terrible’ things to the foreign countries especially those which are “ripping” US off ‘for many decades.’ Foreign investors bought shares worth Rs 3,483 crore Second Day of Cleanmax Enviro Energy’s IPO Tuesday is the second day of renewable energy company Cleanmax Enviro Energy Solutions’ Initial Public Offer (IPO). It was subscribed 34% on the first day. The company aims to raise Rs 3,100 crore through this IPO. The company has brought both fresh shares and Offer for Sale (OFS) through this issue.
Sensex closed 480 points higher on Monday Sensex showed strength on Monday February 23. It closed 480 points (0.58%) higher at 83,295. Nifty also gained 142 points (0.55%). It closed at the level of 25,713. In yesterday’s trading, there was buying in auto and bank stocks.