India, Feb. 28 -- The Indian stock market plunged on Friday amid weak global cues, with the Sensex and Nifty dropping over 1.29% in morning trade after US President Donald Trump's tariff announcement rattled global markets. Trump confirmed that new tariffs on imports from Mexico and Canada will take effect on March 4, while tariffs on Chinese imports will double to 20%.

On Truth Social platform, Trump said "this was a necessary response to reject illegal drugs entering the US from these countries".

In the morning trade at around 9.58 am the Sensex tumbled nearly 1,004 points, or 1.35 per cent, to around 73,607.96, while the Nifty slipped 304 points, or 1.35 per cent, falling below the 22,250 mark.

Nifty Bank was down 302.50 points or 0...