Mumbai, April 4 -- The Indian stock markets are showing resilience as compared to Asian peers. However, it opened in negative on Friday, the second day following the announcement of new tariffs by U.S. President Donald Trump.

The other Asian indices faced a sharp downturn amid concerns over a global trade war and heightened recession fears.

The benchmark Nifty 50 index opened at 23,190.40, registering a dip of 59.70 points or 0.26 percent. Similarly, the BSE Sensex opened at 76,160.09, declining by 135.27 points or 0.18 percent. The initial downturn reflected global uncertainty.

Market expert Ajay Bagga highlighted the severe impact of what is being referred to as the "U.S. Liberation Day" tariffs.

He told ANI, "The US Liberation Day ...