Indian stock market indices may open with a gap-up or mixed bias on Monday as global markets reacted to US tariff policy changes
Global market cues are likely to drive Indian equities this week, with traders closely watching US trade policy, macroeconomic data, and foreign fund flows.
Indian stock indices may start trading on a positive or mixed note as global sentiment improved after developments related to US tariff policy. Gift Nifty was near 25,750, indicating a possible gap-up opening.
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Analysts say sustainability of the rally will depend on whether Nifty 50 can hold above key resistance levels and attract continued institutional buying.
International Market Updates
Asian markets traded higher during early sessions. South Korea’s Kospi index hit a record high, while Hong Kong futures also indicated positive momentum.
US stock markets closed higher after the US Supreme Court ruled against broad tariff authority previously used by the US administration. The ruling was seen as supportive of global trade stability.
However, President Donald Trump later issued an executive order imposing a 15% global tariff under alternative legal provisions, introducing partial trade uncertainty rather than a full trade restriction.
US economic data showed GDP growth slowing to 1.4% in the fourth quarter, lower than earlier forecasts of around 3%. Inflation also remained sticky, with core PCE inflation rising 0.4% monthly and 3% annually.
India-specific Economic Signals
Minutes from the Reserve Bank of India’s Monetary Policy Committee meeting showed confidence in maintaining the current interest rate.
The central bank highlighted strong economic growth and controlled inflation as key reasons for a policy pause, while also noting improving external economic conditions.
Foreign institutional investment flows, derivatives expiry activity, and upcoming domestic GDP data will remain key domestic triggers for traders.
Commodity Market Trends
Gold prices gained due to safe-haven demand triggered by tariff uncertainty and geopolitical risk.
Silver prices also rose sharply, while crude oil prices declined amid expectations of possible diplomatic progress in US-Iran nuclear discussions, which could ease supply concerns.
The US dollar weakened slightly after the Supreme Court decision, reflecting expectations of improved global trade conditions.
US Treasury yields showed marginal increases, with the benchmark 10-year yield near 4.08%.
Export Sector Impact on India
Indian exporters in sectors such as textiles, pharmaceuticals, gems, and machinery may face short-term uncertainty if the 15% tariff structure persists.
Analysts believe the tariff level is relatively less aggressive than earlier proposals and could allow room for further negotiations.
Market Strategy Focus
Traders will monitor global liquidity trends, geopolitical developments, and macroeconomic releases.
The near-term market direction is expected to depend on foreign fund participation and the ability of benchmark indices to sustain momentum above resistance zones.
(Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Market investments are subject to risk, and readers should consult certified financial advisors before making investment decisions.)
Published: 23 Feb 2026, 07:34 am IST
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