Overview
Sensex rose 377.06 points to 83,191.77 and Nifty gained 97.20 points to 25,668.45 after the US Supreme Court struck down former US President Donald Trump’s broad tariffs.
IDFC First Bank shares crashed hit the 10% lower circuit at Rs. 75.21 after the bank disclosed fraudulent transactions worth Rs. 590 crore at its Chandigarh branch.
Gold and silver prices surged sharply. MCX gold rose 1.90% to Rs. 1,59,855 per 10 grams. At the same time, MCX silver jumped 5.52% to Rs. 2,66,915 per kilogram.
The stock market today showed bullishness. BSE Sensex was up 377.06 points or 0.46% to 83,191.77. Nifty 50 surged 97.20 points or 0.38% to 25,668.45 at press time. The rally came after the US Supreme Court struck down President Donald Trump’s reciprocal tariffs recently. The news sparked a relief rally on Dalal Street.
Bank Nifty rose to 61,165.40 while Nifty Midcap 100 and Nifty Smallcap 100 both traded in the green zone. Among other sectors, Nifty Auto rose 0.65%. Nifty IT, on the other hand, fell 1.19%, dragged by declines in Infosys and Wipro shares. Here’s everything you need to know about the Indian stock market today, based on live updates.
IDFC First Bank Hits Fraud
The biggest shock in today’s share market news came from IDFC First Bank. It suffered a at a Chandigarh branch. The suspected employees have been placed under suspension. The bank has also brought in KPMG for an independent forensic audit. IDFC First Bank shares hit a 10% lower circuit at Rs. 75.21 on the news. Technical analyst Drumil Vithlani of Bonanza placed immediate support near Rs. 66–67, with resistance at Rs. 77.
Top Gainers and Losers on Nifty 50
Adani Ports led the gainers at Rs. 1,551.30. It was followed by Kotak Mahindra Bank at Rs. 430.75 and HDFC Life at Rs. 743.65. On the other hand, Wipro shares fell to Rs. 205.32, ONGC traded at Rs. 272.70, and Hindalco was at Rs. 916.
Here is a table showing the, losers and most active stocks on Nifty 50 based on .
Share Market News: UPL Falls 13%, DEE Development and Pine Labs Jump on Order Wins
declined 13.48% to Rs. 650.40. The dip came after the company announced plans to merge its Indian and overseas crop protection businesses. This prompted the famous brokerage firm, Nuvama, to downgrade the stock.
DEE Development 14.9% to Rs. 266. Its subsidiary won a Rs. 173 crore contract from BHEL for critical piping solutions.
Pine Labs rose 2.10% to Rs. 206.30 after securing multi-year contracts from BPCL, HPCL, and IOCL.
Trump Tariffs: What the Supreme Court Ruling Means for India
The US Supreme Court struck down Trump’s broad tariffs as unconstitutional on February 20. Trump then imposed a new 15% global tariff for 150 days under Section 122 of the Trade Act of 1974.
For India, this is a meaningful shift. Madhavi Arora of Emkay Global said around 55% of India’s exports to the US will now face only 15% tariffs. Meanwhile, roughly 40% exports, including electronics, pharma, and petroleum products, stay exempt.
India’s effective tariff rate is now likely to be 11-13%, which is much better than China’s rate of above 15%. The Modi-led government is also expected to renegotiate its trade deal with the US from a stronger position.
Gold, Silver, Rupee Surge
Gold and silver were some of the biggest gainers on the stock market today. MCX gold for April futures traded at Rs. 1,59,855 per 10 grams, up Rs. 2,979 or 1.90%. MCX silver jumped 5.52% to Rs. 2,66,915 per kilogram and pushed further to Rs. 2,68,875 at the time of writing.
In international markets, spot gold rose 1.2% to $5,163.60 per ounce, and US gold futures climbed 2% to $5,184.90. Spot silver gained 3.1% to $87.10 per ounce.
Indian rupee firmed up 18 paise to Rs. 90.74 against the US dollar compared to February 20’s close of Rs. 90.94.
Global Cues: Asian Markets Rise, Oil Slips, Bitcoin Falls
South Korea’s Kospi rallied 1.7% to a fresh record high. On February 20, Wall Street closed strong. Dow Jones gained 230.81 points to 49,625.97, S&P 500 rose to 6,909.51, and the Nasdaq closed at 22,886.07. Oil prices fell about 1%, with Brent crude at $71.01 per barrel and US WTI at $65.74, as US-Iran nuclear talks eased supply worries.
Bitcoin price today dropped 4.8% to nearly $64,300, its lowest since February 6. US Q4 GDP grew just 1.4% annualized, below the 3.0% forecast. At the same time, core PCE inflation came in at 3.0% year-on-year, keeping US Fed rate-cut hopes uncertain.
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Market Outlook
Stock market today showed renewed confidence among investors. Although remember, a relief rally is exactly what it sounds like, everyone is happy as conditions have not worsened. For this to turn into a , Nifty needs to break past 25,800 mark and stay there. If it doesn’t clear 26,000 soon, today’s gains might just be a temporary bounce. There is still uncertainty on low US GDP growth and Fed rate cuts. Investors should keep an eye on these global cues to gauge the market’s next direction.
FAQs
1. Why is the stock market up today?
The stock market is up today mainly because the US Supreme Court struck down broad tariffs imposed earlier by Donald Trump. This gave relief to global markets, including India. Investors felt trade tensions may ease, which can support exports and company profits. As a result, Sensex and Nifty moved higher, and most sectors traded in the green during the session.
2. What impact did Trump tariffs have on the Indian stock market?
The removal of broad US tariffs created a positive mood in the Indian stock market. It reduced fears about high export costs for Indian companies. Experts say India’s effective tariff rate could now stay around 11-13%, which is better compared to some other countries. This helped boost confidence and triggered buying in banking and auto stocks.
3. Which are the top gainers and losers in the stock market today?
Among the top gainers on Sensex were Adani Ports, Kotak Mahindra Bank, HDFC Life, Tata Consumer Products, and SBI Life Insurance. On the losing side, Wipro, ONGC, Hindalco, and Infosys declined. IDFC First Bank was the biggest loser overall, falling nearly 20% after reporting a Rs. 590 crore fraud at one of its branches.
4. What is the gold price today?
Gold prices surged sharply in today’s session. MCX gold for April futures traded at Rs. 1,59,855 per 10 grams, up 1.90%. Silver prices also jumped strongly, rising over 5% to Rs. 2,66,915 per kilogram. The rise came as global uncertainty increased and investors moved towards safe-haven assets like gold and silver.
5. What is the IDFC First Bank fraud?
IDFC First Bank disclosed fraudulent transactions worth Rs. 590 crore at its Chandigarh branch. The issue came to light when the Haryana government requested closure of its account and fund transfer, but the actual balance did not match records. The bank has suspended suspected employees and appointed KPMG to conduct an independent forensic audit.
