Stock market returns under presidential administrations are more correlation than causation, regardless of what political pundits say.

Market uncertainty is back in full force, and this time, it’s driven by tariffs. U.S. president Donald Trump has once again proposed sweeping tariffs on imports from Canada, Mexico, and China, sending shockwaves through financial markets. Investors are understandably nervous, with markets already showing signs of weakness.

Indian benchmark indices The Sensex and Nifty surged in the second half of Tuesday, closing nearly 2 per cent higher after the US paused its planned tariffs on Canada and Mexico, providing temporary relief from escalating trade tensions.

IST, the benchmark BSE Sensex was down by 680.06 points or 0.88%, reaching 76,825.90. The broader NSE Nifty opened 224.45 points down or 0.96% in the red, reaching 23,2

BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in trade on Monday morning. While BSE Sensex went below 77,000, Nifty50 was near 23,250. At 9:20 AM, BSE Sensex was trading at 76,843.