Domestic markets continued their downward trend, falling by nearly 1.3% as the corrective phase persisted. In today’s session, shares of companies such as HAL, Ashok Leyland, Vodafone Idea, IRCTC, and TVS Motor are likely to be in focus,

The trends on Gift Nifty also indicate a mildly positive start for the Indian benchmark index. The Gift Nifty was trading around 23,187 level, a premium of nearly 35 points from the Nifty futures’ previous close.

Gift Nifty predicts a gap up opening for Nifty, but analysts foresee a continued downtrend due to global tariff concerns.

The Nifty 50 was down 339 points as of 1.30 pm, while the BSE Sensex shed 1047 points. All 13 major sectors declined, while the broader smallcaps and midcaps lost 2.5% and 2%, respectively.

Sensex closed at 76,293.60 points, down 1,018.20 points or 1.32 per cent, while Nifty closed at 23,071.80 points, down 309.80 points or 1.32 per cent.

Domestic stock markets saw a bloodbath on Tuesday over Trump tariff concerns and continued outflow of foreign portfolio from India. US President Donald Trump's announcement of a 25 per cent tariff on steel and aluminium imports to the US rattled global investor sentiment,