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Below the Quote on Morning Market Views 23rd February 2026 from Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited

"The Trump tariff tale has become murkier after the US Supreme Court declared the tariffs illegal. The SC judgement is, indeed, a landmark decision which will seriously impact Trump’s tariff weaponisation strategy. Even the new 15 % global tariff imposed under section 122 will be challenged in courts and the probability of this decision getting annulled is high since section 122 allows the US president to impose tariffs to tackle serious Bslance of Payments crisis, and the US doesn’t have a Balance of Payments crisis now. 

India has already delayed the visit of its trade negotiating team to the US in the light of the changed scenario. This is welcome move. 

From the market perspective the US SC decision is indeed a positive, but this is not sufficient to trigger a sustained rally in the market. The market will see only a relief rally which is unlikely to sustain. The market will respond only to the fundamentals, which are fortunately improving."

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