Sensex Advances for 2nd Day

2026-02-23 12:10 By Luisa Carvalho 1 min. read

India's BSE Sensex closed about 0.6% up at 83,295 on Monday, marking the second session of gains, in the wake of the US Supreme Court's decisive ruling to strike down President Donald Trump's sweeping tariffs.

While imposing a new temporary 15% tariff on imports from all countries, President Trump emphasized that the trade deal with India remains intact.

India currently faces a 25% reciprocal tariff, slated to drop to 18% following an interim deal earlier this month, with room for adjustments.

Adani Ports was the biggest gainer from the Sensex pack, rising 2.8%, followed by Kotak Mahindra Bank (2.2%), UltraTech Cement (1.6%), Hindustan Unilever (1.4%), HDFC Bank (1.4%) and Power Grid (1.3%).

IT stocks fell after the global brokerage Jefferies downgraded six IT companies, including Infosys (-1.8%), HCL Tech (-0.7%) and TCS (-0.5%) amid concerns over artificial intelligence.



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