The U.S. stock markets continued to decline on Tuesday after President Donald Trump announced additional tariffs on steel and aluminum imports from Canada.
Indian stock markets during the day on Tuesday witnessed a high volatile session and ended flat, witnessing a trend of buying at low by the market participants.
The sell-off in the US stocks is not necessarily a signal that US economic risks have escalated significantly, but it has been because of the unwinding of extended positions in momentum and tech stocks, according to a report by UBS.
Indian stock markets declined sharply during the opening session on Tuesday following the strong sell-off in U.S. markets, reacting to the "Trump Uncertainty Discount" that is affecting global supply chains.
MPs in Lok Sabha and Rajya Sabha raise adjournment motions on urgent issues, including internal security in Manipur and Jammu, underfunded railway projects in Tamil Nadu, stock market losses, and concerns over the delimitation exercise affecting southern states.
The investors, from next week, starting Monday, will keenly be watching global developments in the absence of major domestic events, said market experts adding a possibility of volatility in the Indian stock markets.
Foreign investors continue to pull money out of Indian stock markets, with net selling by Foreign Portfolio Investors (FPIs) reaching Rs 24,753 crore in the first week of March, according to data from the National Securities Depository Limited (NSDL).
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