Nifty sinks below 22,000, Sensex falls over 350 points, tracking global peers ahead of Trump's tariffs

Indian benchmark indices, Sensex and Nifty, fell on Tuesday, impacted by losses in Reliance Industries and IT stocks, following declines in Asian markets. This downturn was driven by Trump's reiterated commitment to impose 25% tariffs on Canada and Mexico and 10% on China, effective from 10:31 a.m. IST, leading to a cumulative 20% tariff on Chinese goods.