Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 22,119.30, while Sensex ended at 73,085.94. Overnight, Wall Street indices crashed post Trump tariffs.

The stock market opened into the red as the trading session began on Tuesday, March 4, 2025, with IT, telecom, and real estate stocks falling the most. The Sensex, Nifty drop follows global stocks that fell after US President Donald Trump said his proposed tariffs would go into effect as planned.

India’s market capitalisation-to-GDP ratio has been volatile, plummeting to 57 per cent (of FY20 GDP) in March 2020 from 80 per cent in FY19 and then sharply reviving to 132 per cent in FY24.