Stock Market Live Today: Will Nifty slip below 22,000? Rout across Asia on negative US cues

Sensex Nifty Today | Stock Market Live Updates: Indian stock markets are expected to open lower on Tuesday, March 4 on weak cues from Asia and US. The GIFT Nifty trends, with investor sentiment remaining cautious after a volatile session on Monday. The Sensex ended 112 points lower at 73,085, while the Nifty slipped 5 points to close at 22,119, after swinging between gains and losses throughout the day. Market volatility was evident, with the Sensex fluctuating between 72,784 and 73,649, while the Nifty moved within a range of 22,004 to 22,261.

The big factors to watch out for today –

1. Asian Markets Slide: Asian stocks opened weak 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.

2.China hits back: As per the latest Reuters report, the Chinese Commerce Ministry “vowed to retaliate against fresh US import tariffs” set to take effect later in the day, reiterating its stance that the Trump administration was trying to “shift the blame” and “bully” Beijing over fentanyl flows.

The extra 10% duty US President Donald Trump threatened China with last week is expected to enter into force at 0501 GMT on March 4, resulting in a cumulative 20% tariff in response to what the White House considers Chinese inaction over drug flows. The tariff represents an additional hike to preexisting levies on thousands of Chinese goods.

3.US Markets Plunge: Wall Street took a heavy hit on Monday after President Donald Trump announced new tariffs. The Dow Jones tumbled 649 points, the S&P 500 lost 104 points, and the Nasdaq saw a steep decline of 2.64%, closing at 18,350. The S&P 500 posted its biggest loss since December. With the selloff seen last evening, the S&P 500 is back in the red for 2025.

4.Trump’s Tariff Move: The US will impose a 25% tariff on imports from Canada and Mexico starting Tuesday, as Trump declared trade talks had failed. The decision heightens worries over supply chain disruptions and economic fallout from escalating trade tensions. There are also worries on how it might impact inflation in United States as the tariffs are also expected to spike up domestic prices in the United States.

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