<p>India's benchmark indexes are poised to open sharply lower on Monday, as concerns over a global trade war and growing recession fears in the <a href="https://www.deccanherald.com/tags/united-states">US</a> triggered a stock market rout.</p>.<p>The GIFT <a href="https://www.deccanherald.com/tags/nifty">Nifty </a>futures were trading at 21,128.5, as of 7:21 a.m. IST, indicating that the blue-chip Nifty 50 will open 3.4 per cent lower than Friday's close of 22,904.45.</p>.<p>Other Asian markets slumped, with the MSCI Asia ex-Japan index losing 6.5 per cent. Japan's Nikkei 225 dropped 6.3 per cent in early trade.</p>.Markets' volatility to persist as tariff concerns far from over.<p>Wall Street's Nasdaq confirmed it entered a bear market on Friday, as oil prices and other commodities plunged amid a massive global market decline following US President Donald Trump's announcement of sweeping tariffs on Wednesday.</p>.<p>"We see the recent lows around 21,800 get retested on Nifty50 given this week's price action," said Abhishek Goenka, founder chief executive officer of India Forex Asset Management.</p>.<p>"We remain cautious in the near term given the tariff-related uncertainty."</p>
<p>India's benchmark indexes are poised to open sharply lower on Monday, as concerns over a global trade war and growing recession fears in the <a href="https://www.deccanherald.com/tags/united-states">US</a> triggered a stock market rout.</p>.<p>The GIFT <a href="https://www.deccanherald.com/tags/nifty">Nifty </a>futures were trading at 21,128.5, as of 7:21 a.m. IST, indicating that the blue-chip Nifty 50 will open 3.4 per cent lower than Friday's close of 22,904.45.</p>.<p>Other Asian markets slumped, with the MSCI Asia ex-Japan index losing 6.5 per cent. Japan's Nikkei 225 dropped 6.3 per cent in early trade.</p>.Markets' volatility to persist as tariff concerns far from over.<p>Wall Street's Nasdaq confirmed it entered a bear market on Friday, as oil prices and other commodities plunged amid a massive global market decline following US President Donald Trump's announcement of sweeping tariffs on Wednesday.</p>.<p>"We see the recent lows around 21,800 get retested on Nifty50 given this week's price action," said Abhishek Goenka, founder chief executive officer of India Forex Asset Management.</p>.<p>"We remain cautious in the near term given the tariff-related uncertainty."</p>