GIFT Nifty Surges 172 Points, Signaling Robust Market Opening Amidst Trump's Tariff Concerns

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GIFT Nifty Jumps 172 Points Amid Trump Tariff Turmoil, Strong Start Expected

Trump’s 15% Global Tariff Order May Weigh on Indian Export Stocks

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News18•23-02-2026, 07:54

GIFT Nifty Jumps 172 Points Amid Trump Tariff Turmoil, Strong Start Expected

•GIFT Nifty surged 172 points, indicating a strong opening for Indian benchmark indices Sensex and Nifty.
•US Supreme Court struck down Trump's broad global tariffs, ruling his administration lacked legal authority under IEEPA.
•Court stated IEEPA allows regulation of specific financial transactions during emergencies, not blanket trade tariffs.
•Trump responded by signing an executive order for a fresh 15% global tariff under Section 122 of the Trade Act of 1974.
•Analysts believe the 15% tariff is less severe than prior proposals, offering scope for negotiations and limiting India's tariff exposure to 10%.

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