#dailymarketinsights Indian markets extended losses today after Trump announced to impose tariffs on all steel and aluminium imports in the US, despite BJP winning the Delhi elections. Nifty 50 breached the key level of 23500 and was seen dropping down to 23300 levels. The escalation of the trade war is taking a toll on the markets and Trump’s clarity on the tariffs this Tuesday or Wednesday will further direct the movement of the markets. Nifty Bank too remained subdued and was seen dragging down to 49700. The index has been trading below the key level of 50000 and despite a rate cut from the RBI, lack of liquidity measures failed to impress the markets. Sector-wise, the top loser is Nifty Realty that lost 🔻 (3.2%) in today’s trading session. Top gainer from Nifty 50 was Kotak Mahindra Bank Ltd. 🔼 (1.7%) and the top loser was Trent Ltd. 🔻 (-4.5%) in today’s trading session.