India, April 1 -- After recovering from an early sell-off to end Monday's session mixed, stocks are likely to move back to the downside in early trading on Tuesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.5 percent.

Ongoing concerns about President Donald Trump's trade policies may lead to renewed weakness on Wall Street ahead of the announcement of reciprocal tariffs on Wednesday.

"On Wednesday, it will be Liberation Day in America, as President Trump has so proudly dubbed it," White House press secretary Karoline Leavitt said.

"The President will be announcing a tariff plan that will roll back the unfair trade practices that have been ripping off our country for...