Indian equity benchmarks ended higher on Monday after the U.S. Supreme Court's ruling to strike down President Trump's sweeping reciprocal tariffs. Markets made optimistic start and remained higher throughout the session, amid strong buying across most of the sectors. Though, trade remained range-bound as some cautiousness crept in after Trump levied a 10% tariff on countries, including India, for 150 days following the court ruling, and further it raised it to 15% on Saturday. 

Some of the important factors in trade:

India working to expand preferential trade agreement with Mercosur: Some support came as Commerce and Industry Minister Piyush Goyal said that India is working to expand the preferential trade agreement with South-American nation bloc Mercosur to further promote trade and investment between the two regions.

India, Brazil sign MoU to support MSMEs, green finance: Traders took support as India and Brazil entered into Memorandum of Understanding (MoU) to explore areas of mutual collaboration for the benefit of Micro, Small, and Medium Enterprises (MSMEs) and facilitate their access to green finance.

India’s GDP growth likely to ease to 7.2% in Q3FY26: Traders took note of rating agency ICRA’s report in which it has estimated that India’s gross domestic product (GDP) growth likely to ease to 7.2% in third quarter of current fiscal year (Q3FY26) as compared to 8.2% in Q2FY26.

On the global front: European equity markets were trading mostly in red, as traders remained cautious amid geopolitical tensions between US and Iran. Asian markets ended mostly in green, after the U.S. Supreme Court's ruling to strike down President Trump's sweeping reciprocal tariffs.

The BSE Sensex ended at 83294.66, up by 479.95 points or 0.58% after trading in a range of 82906.83 and 83486.15. There were 19 stocks advancing against 12 stocks declining on the index. (Provisional)

The top gaining sectoral indices on the BSE were Healthcare up by 0.76%, Power up by 0.72%, Auto up by 0.71%, FMCG up by 0.54% and Utilities up by 0.52%, while IT down by 1.37%, TECK down by 0.67%, Metal down by 0.20%, Bankex down by 0.19% and Realty down by 0.13% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Adani Ports and Special Economic Zone up by 2.82%, Kotak Mahindra Bank up by 2.23%, Ultratech Cement up by 1.55%, Axis Bank up by 1.49% and Hindustan Unilever up by 1.43%. On the flip side, Kwality Walls (India) down by 2.42%, Infosys down by 1.83%, Tech Mahindra down by 1.25%, Trent down by 0.83%, and HCL Technologies down by 0.74% were the top losers. (Provisional)

Meanwhile, the Ministry of Commerce & Industry in its latest data has showed that the output of eight key infrastructure sectors slowed down to 4 per cent in January 2026 as compared to 5.1 per cent in the same month last year. The performance of these eight core industries was 4.7 per cent in the preceding month. During the April-January period of this fiscal, the output of these sectors grew by 2.8 per cent against 4.5 per cent recorded in the same period last fiscal. Steel production having 17.92 per cent weight increased by 9.9 per cent in January, 2026 over January, 2025 and its cumulative index increased by 9.8 per cent during April to January, 2025-26 over corresponding period of the previous year. Cement production having 5.37 per cent weight increased by 10.7 per cent in January, 2026 over January, 2025 and its cumulative index increased by 9.1 per cent during April to January, 2025-26 over corresponding period of the previous year. Fertilizer production having 2.63 per cent weight increased by 3.7 per cent in January, 2026 over January, 2025 and its cumulative index increased by 1.9 per cent during April to January, 2025-26 over corresponding period of the previous year. 

Electricity generation having 19.85 per cent weight increased by 3.8 per cent in January, 2026 over January, 2025 and its cumulative index increased by 0.8 per cent during April to January, 2025-26 over corresponding period of the previous year. Coal production having 10.33 per cent weight increased by 3.1 per cent in January, 2026 over January, 2025, while its cumulative index declined by 0.3 per cent during April to January, 2025-26 over corresponding period of the previous year.

Petroleum Refinery production having 28.04 per cent weight has remained unchanged at 147.2 (provisional) in January, 2026 as compared to the index in January, 2025, while its cumulative index increased by 0.1 per cent during April to January, 2025-26 over corresponding period of the previous year.  Natural Gas production having 6.88 per cent weight declined by 5.0 per cent in January, 2026 over January, 2025 and its cumulative index declined by 3.4 per cent during April to January, 2025-26 over corresponding period of the previous year. Crude Oil production having 8.98 per cent weight declined by 5.8 per cent in January, 2026 over January, 2025 and its cumulative index declined by 2.1 per cent during April to January, 2025-26 over corresponding period of the previous year.

The CNX Nifty ended at 25713.00, up by 141.75 points or 0.55% after trading in a range of 25609.35 and 25771.45. There were 35 stocks advancing against 16 stocks declining on the index. (Provisional)

The top gainers on Nifty were Adani Ports and Special Economic Zone up by 2.93%, Kotak Mahindra Bank up by 2.22%, Dr. Reddy's Lab up by 2.11%, HDFC Life Insurance up by 1.89% and Nestle up by 1.65%. On the flip side, Kwality Wall's (India) down by 2.81%, Hindalco down by 2.08%, Wipro down by 1.87%, Infosys down by 1.86%, and Tech Mahindra down by 1.35% were the top losers. (Provisional)

European markets were trading mostly in red; UK’s FTSE 100 decreased 6.44 points or 0.06% to 10,680.45 and Germany’s DAX lost 94.49 points or 0.38% to 25,166.20, while France’s CAC rose 6.11 points or 0.07% to 8,521.60.

Asian markets settled higher on Monday, tracking Wall Streets’ gains last Friday. Hong Kong shares rallied amid expectations that China will face lower tariffs after the US Supreme Court struck down Trump’s sweeping tariff measures. The sentiments were also boosted further by news that Hong Kong will spend 4 billion Hong Kong Dollar in public funds to buy back the ownership rights of the seven fire-damaged buildings at Wang Fuk Court. The benchmark Kospi extended last week’s gains to reach a new record high, buoyed by strong performances in the chip and auto sectors. Further, Kospi got support by strong trade data that showed South Korea’s exports rising 23.5% year-on-year to $43.5 billion in the first 20 days of February 2026. The Japanese stock market was closed for Emperor's Birthday and Chinese market remained closed for the Lunar New Year holiday.