New Delhi, March 3 -- Market recap: Nifty 50's performance on 28 February

The Nifty 50, India's benchmark index, declined by 420 points after US President Donald Trump announced an additional 10% tariff on China and a 25% duty on Canada and Mexico, triggering global trade war concerns among investors.

After trading within a narrow range of 22,500-22,800 during a holiday-shortened week, the index fell sharply on Friday, closing around 22,125. As a result, a bearish Marubozu candle formed on the daily chart. All major sectoral indices ended in negative territory, with the advance-decline ratio favouring decliners.

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From a technical perspective, the 14-day relative strength index (RSI)...