– The Indian stock market witnessed a sharp decline on Monday, mainly due to weak global cues and concerns over the government's budget proposals. – Sensex closed 319 points lower at 77,187, while Nifty 50 dropped by 121 points to end at 23,361.
– Midcap Stocks: Underperformed, with the Nifty Midcap Index falling 497 points to 52,989. – Nifty Bank: Declined 296 points, closing at 49,211.
– In the US market, President Donald Trump temporarily paused the planned 25% tariffs on Canada and Mexico. – This announcement initially brought relief to the Dow Jones, which recovered nearly 550 points from intraday lows. – Despite this recovery, major Wall Street indices still closed in negative territory.