The sell-off underscored investors uncertainty over the economic impact of the tariffs, while the absence of follow-up foreign buying after the gush of flows last week poured cold water on expectations that the worst may be over for the market.

Gold is currently trading at ₹90,966 per 10 gm in the physical market, up by ₹1,802 per 10 gm from Friday, when India s bullion market was last open. The market was closed on Monday due to Eid.

This surge in draft filings signals a strong pipeline of upcoming IPOs, even amid prevailing market uncertainties. So far, 52 companies have secured Sebi approval for their public issues, while a total of 65 firms have submitted draft IPO papers to the market regulator.

The regulator said MXCCL had filed a suo moto application with it proposing to settle a legal action that could be initiated against it for violation of risk management norms.

Treasury heads have urged RBI to lower CRR to 4%. Doing so will inject durable liquidity in the system through an infusion of at least ₹1.30 lakh crore.

The stock surged 20.15% to close at ₹8.17. Citi reaffirmed its buy rating on the stock with a price target of ₹12, while CLSA upgraded its rating to outperform and raised its price target to ₹10 from ₹6.

The Reserve bank of India has announced an open market operation (OMO) purchase for an aggregate amount of ₹80,000 crore in four tranches of ₹20,000 crore on April 3, April 8, April, April 22 and April 29 each, the central bank said late on Tuesday.

The Nifty Realty index was trading 2.12 per cent down at 833.25.

Indian markets closed lower for the second straight day, with Sensex losing 1,400 points and Nifty falling below 23,200. Sectorally, telecom and oil & gas stocks gained, while banks, IT, and realty stocks saw selling pressure.

Markets regulator Sebi is looking to extend the expected loss-based rating scale for the rating of municipal bonds. This would be in addition to the standardised rating scale.