The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,093 level, a discount of nearly 167 points from the Nifty futures’ previous close.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 22,119.30, while Sensex ended at 73,085.94. Overnight, Wall Street indices crashed post Trump tariffs.

The Sensex and Nifty erased early losses to trade flat in the second half of the session on March 3, after falling over half a percent around noon. While oil & gas and financial services stocks dragged the Nifty lower, IT stocks provided some support. Volatility ruled the session as global trade concerns kept investor sentiment fragile.