Indian Shares Rise After US Supreme Court Rejects Trump Tariffs

The Nifty 50 and BSE Sensex indexes open higher as the US court strikes down import levies imposed by the former president.

Published on Feb. 23, 2026

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Indian stock indexes opened higher on Monday after the U.S. Supreme Court struck down import tariffs imposed by former President Donald Trump. The Nifty 50 rose 0.42% and the BSE Sensex added 0.11% as 14 of the 16 major sectors logged gains. The ruling has significant implications for global trade and the economy, prompting Trump to raise the temporary tariff from 10% to 15%, the maximum allowed.

Why it matters

The Supreme Court's decision to reject Trump's tariffs is seen as a victory for free trade and could help ease trade tensions between the U.S. and its trading partners, including India. This could boost investor confidence and economic growth in India, which relies heavily on exports.

The details

Following the court ruling, India has delayed plans to send a trade delegation to Washington this week. Meanwhile, IDFC First Bank tumbled 10% after the lender said it was investigating a suspected fraud of $65 million by some employees involving accounts of local government entities.

  • The U.S. Supreme Court struck down Trump's tariffs on Friday, February 21, 2026.
  • On Saturday, February 22, 2026, Trump said he will raise the temporary tariff from 10% to 15%, the maximum allowed.

The players

Donald Trump

The former president of the United States who had imposed the tariffs that were struck down by the Supreme Court.

U.S. Supreme Court

The highest court in the United States that ruled against Trump's tariffs, finding they were imposed under a law intended for national emergencies.

IDFC First Bank

An Indian bank that saw its shares tumble 10% after it announced it was investigating a suspected $65 million fraud by some of its employees.

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The takeaway

The Supreme Court's rejection of Trump's tariffs is a significant victory for free trade and could help improve economic relations between the U.S. and its trading partners like India. However, the uncertainty over tariffs remains as Trump has vowed to raise the temporary tariff to the maximum allowed.