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Nifty Forecast: Monday's Market Anticipates Gap-Up Opening on February 23 Following US Tariff Reduction to 15%
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Nifty Set for Gap-Up Opening After US Tariffs Cut to 15%
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News18
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22-02-2026, 12:09
Nifty Set for Gap-Up Opening After US Tariffs Cut to 15%
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GIFT Nifty surges 320 points to 25,886, signaling a significant gap-up opening for Indian equities on February 23.
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US Supreme Court invalidated Trump's broad 'reciprocal' tariffs, leading to a new 15% global tariff under Section 122 of the Trade Act of 1974.
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Analysts view the 15% tariff as less severe, offering scope for continued negotiations and limiting India's tariff exposure to 10% for now.
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Policy uncertainty remains due to Trump's remarks on alternative legal routes for tariffs, potentially causing volatility.
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Nifty rebounded from 25,400-25,500, with immediate support at 25,500-25,600 and resistance at 25,700-25,900.
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