Indian shares tumble as trade war shockwaves reach Mumbai
Feb 3 (Reuters) – Indian shares dropped on Monday after U.S. President Donald Trump imposed sweeping tariffs on Canada, Mexico and China, spurring concerns of a broader trade war. The Nifty 50 was down 0.52% at 23,361.05, while the BSE Sensex shed 0.41% to 77,186.74. Asian and European stock markets slumped as Trump’s tariffs triggered fears of a hit to global growth. Ten of the 13 major domestic equity sectors declined on the day, while the domestically focussed smallcaps and midcaps lost 2.1% and 0.9%, respectively. The Indian rupee weakened past 87 per U.S. dollar for the first time as