Share Market Today: Indices Open On Muted Note, Sensex About 200 Points Down, Nifty Tests 23,350

In the broader markets, the Nifty Microcap 250 index continued to dominate in red and plunged 1.94 per cent in the early trading hours. The VIX climbed 1.73 per cent in the session. 

The Indian share market carried forward the muted sentiment from the previous trading session on Tuesday. The benchmark indices, Sensex and Nifty, continued to drag down as tariff threats from the US triggered concerns about trade conflicts across the world. Consisten foreign fund outflows added to the dampened atmosphere in the market.

As of 9:31 AM, the BSE Sensex tanked nearly 180 points and traded under the 77,150 mark at 77,132.33, while the NSE Nifty50 clocked a decline of 72 points to stand slightly above 23,300. 

On the 30-share Sensex platform, Infosys, Adani Ports, Maruti, HCL Tech, and IndusInd Bank emerged among the gainers in the morning hours. Meanwhile, the laggards so far included Zomato, PowerGrid, Kotak Mahindra Bank, Bajaj Finserv, and UltraTech Cement. 

In the broader markets, the Nifty Microcap 250 index continued to dominate in red and plunged 1.94 per cent in the early trading hours. The VIX, volatility index of India, climbed 1.73 per cent in the session. 

Sectorally, Realty and Midsmall Healthcare indices emerged as the biggest laggards and slumped 1.81 per cent and 1.59 per cent respectively. Other sectors dominating in red included Midsmall Financial Services, Healthcare, and Media indices. The Metal index, on the other hand, recovered from yesterday's losses and climbed 0.34 per cent in the session so far.

The foreign institutional investors (FIIs) dumped Indian equities worth Rs 2,463.72 crore on Monday, according to exchange data. In Asian markets, Shanghai and Hong Kong traded lower while Seoul remained in green. The US markets ended in the positive territory on Monday. The global oil benchmark Brent crude climbed 0.26 per cent to touch $76.07 a barrel. 

The Indian rupee made a robust recovery against the American dollar on Tuesday and appreciated 61 paise to touch 86.84 in early trade. This gain comes as increasing trade war fears create economic uncertainty, impacting the currency markets significantly. Forex traders noted that the sharp decline in the domestic unit was driven by the threats of reciprocal tariffs and further protectionist measures adopted that have hampered the global supply chains.