Shanghai-based SSE Composite also ended the day's trade in the green. The index gained 0.22 per cent or 7.28 points of its value and closed at 3,324.21. South Korea's KOSPI also closed in red with small losses of 0.15 per cent or 3.86 points, rising to 2,528.92.

Sensex and Nifty indices dropped following weak global market trends, FII outflows, and U.S. tariff concerns. The BSE Sensex declined, with major stocks like Nestle India lagging, while others like State Bank of India gained.

The broader markets also declined, with the BSE Smallcap slipping 0.8 percent and the BSE Midcap shedding 1.2 percent.

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.

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

(Reuters) -Indian shares opened lower on Tuesday, tracking Asian peers after U.S. President Donald Trump said his proposed tariffs would go into effect as planned. The Nifty 50 fell 0.64% to 21,979.85 by 9:15 a.

Indian stock markets witnessed a continued selling spree on Tuesday as both benchmark indices opened in the red, reacting to global concerns over slowing economic growth in the US and the impact of new tariffs imposed by former US President Donald Trump.

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.