Dalal Street witnessed a notable downturn as the mounting trade tensions triggered a drop in investor confidence. The imposition of US tariffs prompted China to retaliate with a 34% tariff, leading to a steep decline in both sensex and Nifty indices. The market experienced heavy selling pressure, particularly impacting sectors like auto, metal, and pharma. This shift in market dynamics highlights the vulnerability of Indian stocks to global economic uncertainties. The repercussions of the trade war are being closely monitored by investors and analysts alike as they assess the potential long-term effects on the Indian economy.