Indian equities are set for a firm opening on Monday, tracking strong global cues after the Supreme Court of the United States struck down former President Donald Trump’s global tariff framework, triggering a relief rally across Wall Street and Asian markets.
First Tick: Global Cues Driving Trade
US Markets End Higher
US benchmarks closed in positive territory on Friday, led by heavyweight technology stocks including:
Alphabet Inc.
Amazon.com Inc.
The court’s decision restraining presidential tariff powers reduced uncertainty around global trade agreements and supported investor sentiment.
Gold prices edged higher as markets assessed potential disruptions to previously negotiated US trade deals.
GIFT Nifty Signals Strong Opening
Trends on GIFT NIFTY indicate a robust start for Indian benchmarks:
Up 171.50 points (0.67%)
Trading near 25,737.50
This signals potential continuation of Friday’s recovery momentum in domestic equities.
Market Recap: February 20 Session
Indian markets staged a notable rebound in the previous session:
BSE Sensex: Up 316.57 points (0.38%) at 82,814.71
NIFTY 50: Up 116.90 points (0.46%) at 25,571.25
The Nifty closed above the 25,550 mark on broad-based buying, except in the IT sector.
Sectoral Performance
Gainers included power, metal, capital goods and PSU banks, which rose 1–2 percent.
IT declined around 1 percent, while media also ended in the red.
Top Nifty Gainers
Hindalco Industries
NTPC Limited
SBI Life Insurance
Larsen & Toubro
Coal India Limited
Top Losers
Infosys
Tech Mahindra
HCL Technologies
Grasim Industries
Broader indices were mixed, with the midcap index gaining 0.5 percent while the smallcap index ended marginally lower.
