New Delhi, Feb. 11 -- Nifty50 on February

Indian benchmark index Nifty50 closed 178 points lower at 23,381.60 on Monday, following heightened tensions triggered by US President Donald Trump's announcement to impose import duties on all steel and aluminum imports, along with additional reciprocal tariffs.

In response to global market developments, the index opened the session on a subdued note at 23,543.80 and continued to decline throughout the day, testing support near the 21-day moving average (DMA). It extended its losses for the fourth consecutive session and formed another bearish candle in a row. All major sectoral indices closed in the red, with market breadth significantly skewed toward decliners, recording an advance-decline ra...