Analysts are forecasting that the implementation of reciprocal tariffs on April 2 could have a significant impact on equity markets in India. The market will not only be influenced by domestic factors but also by overseas market trends and Foreign Institutional Investor (FII) activity. Investors will be closely monitoring global developments, Purchasing Managers’ Index (PMI) data, rupee-dollar exchange rates, and Brent crude oil prices. The recent modest FII buying activity and upcoming quarterly earnings reports are already affecting market sentiments. The potential tariffs are expected to be a crucial factor determining the direction of market movements in the coming days.