Mumbai, April 1 -- A day before the US is expected to unveil sweeping new 'reciprocal' tariffs, the Indian markets were left scalded by investor anxiety about a fresh wave of trade turbulence, even as other Asian markets that were bloodied on Monday over similar fears, staged a recovery.

On Tuesday-the worst day for the Indian markets since 28 March-benchmark indices tumbled more than 1.5%, reflecting jitters around the upcoming announcement and leaving investors poorer by more than Rs.3.4 trillion.

The S&P BSE Sensex dropped 1.8% to settle at 76,024.51, while peer Nifty 50 closed 1.5% lower at 23,165.70. After a sharp 14% correction, the markets are now down about 10% from their peak on 26 September last year.

Some experts are of the ...