After recording sharp losses of more than 1% each in the previous session, the benchmark indices : the Sensex and the Nifty 50 staged a strong recovery on Friday, February 20, posting solid gains. The 30-share Sensex rose 317 points, or 0.38%, to close at 82,814.71, while the Nifty 50 advanced 117 points, or 0.46%, to settle at 25,571.25. The benchmark indices ended the week on a positive note, gaining around 0.25%, although sectoral performance remained selective. “Banking, Infrastructure, Capital Goods, and Oil & Gas sectors outperformed, delivering gains of approximately 1–3%, while several other sectors witnessed profit booking amid rising geopolitical tensions surrounding the Iran–US situation. Global developments added another layer of complexity after the Supreme Court of the United States struck down former President Donald Trump’s reciprocal tariffs, declaring them illegal. This ruling effectively means that nearly 55% of India’s exports to the US may avoid the previously proposed 18% reciprocal tariffs. However, shortly after the decision, Donald Trump approved a 10% global tariff applicable to all countries. As a result, India’s effective tariff exposure may stabilize below 18%, though some uncertainty could persist as the India–US trade deal is expected to be finalized in the coming week,”

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