Stock markets rise after US SC quashes Trump’s reciprocal tariffs:Sensex soars 600 points; Nifty goes past 25,700 level

The Indian benchmark indices advanced in early deals on Monday, 23 February, 2026. Sensex shot up 600 points to 83,300 level. Similarly, Nifty gained 140 points and soared past 25,700 mark. The barometres opened in heavy buying mode as the US Supreme Court quashed the reciprocal tariffs on 21 February, stating that President Trump had no authority to levy such import duties by invoking the IEEPA. Following this, the Republican president first announced 10% global tariffs, invoking Section 122 of the US Constitution, but later increased the import surcharge to 15%. Financial stocks lead Sensex Among the BSE Sensex constituents, the top gainers at the opening session included Adani Ports, Axis Bank, Kotak Bank, HDFC Bank, Power Grid, HUL, Reliance, MM and others. Mixed sector-wise performance: Across the sectoral indices on the NSE, barring IT, media, chemicals and two others, all other stock gauges traded with gains. Nifty Financial Services was the best performer, rising over 1%. Other Asian shares advance Monday Other Asian markets also traded in positive territory: Foreign investors sold shares worth ₹934 crore CleanMax Enviro Energy IPO opens today Renewable energy company Clean Max Enviro Energy Solutions’ Initial Public Offering (IPO) has opened today. Investors can bid on it until 25 February. The company aims to raise ₹3,100 crore through this IPO. The company is bringing both fresh shares and an Offer For Sale (OFS) through this issue.