India, Jan. 27 -- Indian shares fell sharply on Monday, pressured by concerns over weak corporate earnings, uncertainty surrounding U.S. trade and tariff policies, and persistent foreign fund outflows.

Tariff concerns resurfaced as the U.S. and Colombia pulled back from the brink of a trade war.

The Trump administration said on Sunday night it was pausing punitive tariffs against Colombia after its leader agreed to grant entry to U.S. military flights carrying deported migrants.

Earlier, Trump had threatened tariffs and sanctions on the country to punish it for refusing to accept military flights as part of his sweeping immigration crackdown.

Investors also reacted to weak China data and looked ahead to a raft of central bank policy mee...