Mumbai, April 1 -- The domestic equity benchmarks extended their losing streak for the second consecutive session on Monday, as growing uncertainty over U.S. President Donald Trump's impending tariff implementation on April 2, rattled investor sentiment. The Nifty ended below the 23,200 level. Sectors most vulnerable to trade disruptions-IT and pharma-led the decline, followed by financial stocks. Market participants fear that the new tariffs could fuel inflationary pressures in the U.S., potentially restricting the Federal Reserve's ability to ease interest rates. Adding to the pressure, traders engaged in profit booking after the recent market rally, triggering a pullback in heavyweight stocks amid concerns over high valuations.

The S&...