The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 22,121 level, a discount of nearly 70 points from the Nifty futures’ previous close.

The benchmark index slipped 37 points to close at 22,083, while the Sensex shed 96 points, settling at 72,990. Despite the overall weakness, broader markets showed resilience, with the midcap index managing to end with minor gains.

Nifty 50 faced losses for the 10th straight session on March 4, driven by fears of a global trade war due to new tariffs imposed by US President Trump on Canada, Mexico, and a 20% tax on Chinese goods.

1. Asian Markets Slide: Asian stocks were under pressure on Tuesday, mirroring Wall Street’s sharp losses. Japan’s Nikkei 225 fell over 1%, South Korea’s Kospi slipped 0.41%, and Australia’s ASX 200 dropped 1.11%, as investors reacted to growing trade concerns.

The 30-share BSE Sensex opened below the 73,000 mark at 72,817.34, down 268.6 points from the previous session’s closing. The broader Nifty 50 index opened at 21,974.45

The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,093 level, a discount of nearly 167 points from the Nifty futures’ previous close.

Indian stock markets ended flat on Monday, with the Nifty extending its losing streak to the ninth day amid the uncertain global situation. At the end of the trading, the Sensex stood at 73,085.94, down 112.