Benchmark Indian indices slipped into the red on Wednesday morning after a brief positive start, as global risk-off sentiment continued to pressure domestic equities. At 9:22 am, the Sensex was down 183.61 points at 81,996.86, while the Nifty fell 32.20 points to 25,200.30. The early weakness followed Tuesday’s sharp sell-off, when the Sensex tumbled over 1,000 points and the Nifty also saw significant losses.

Markets were rattled by renewed tariff threats from US President Donald Trump against eight European countries and rising tensions over Greenland, prompting investors to seek safer assets such as gold. Asian markets traded lower amid heightened global uncertainty.

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said global sentiment has soured, noting that escalating trade and geopolitical tensions could trigger a full-blown trade war, further impacting stock markets. While Europe could retaliate with countermeasures such as selling US treasuries, any de-escalation could lead to a market rebound.

On the technical front, Anand James, Chief Market Strategist at Geojit, said the Nifty may extend its decline toward 24,715–24,580, though intermittent rebounds to 25,300–25,380 are possible near the 200-day SMA. Investors are advised to remain cautious, focusing on fairly valued large-cap stocks, particularly in the banking sector, while monitoring global developments closely.