New Delhi, Feb. 28 -- Indian stock indices witnessed a bloodbath on Friday, with both Sensex and Nifty tumbling close to 2 per cent each, at the time of filing this report.

At 1.57 pm, Sensex was trading at 73,242.90 points, down 1,369.53 points or 1.84 per cent, while nifty at 22,137.15 points, down 407.90 points, down 1.81 per cent.

The stock indices are tumbling amid heavy selling due to escalating concerns about a global trade war with US increasingly slapping tariffs.

On Thursday, President Donald Trump said that the 25 per cent duties on imports from Canada and Mexico would come into effect on March 4 and not April 2 as he had suggested the day prior.

Additionally, Trump also proposed an additional 10 per cent tariffs on imports...