The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,128 level, a discount of nearly 830 points from the Nifty futures’ previous close.

Domestic equity benchmarks plunged 4.5 per cent in one of the worst single-day losses since lockdown as investors fretted over the impact of the ongoing tariff war on the global economy and interest rates.

By Bharath Rajeswaran (Reuters) -Indian shares fell sharply on Monday as concerns over a trade war and growing recession fears in the U.S. continued to fuel a global stock market rout. The Nifty 50 and the BSE Sensex trimmed some losses from the pre-open trade,