Dalal Street witnessed a notable downturn due to the increasing trade tensions, impacting investor confidence. The imposition of US tariffs triggered a 34% retaliatory tariff from China, leading to a substantial decline in both sensex and Nifty indices. The market experienced heavy selling pressure, particularly impacting auto, metal, and pharma sectors. This development underscores the vulnerability of the Indian stock market to global trade disputes and highlights the need for investors to closely monitor international developments.