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.

Canada also announced 25 per cent tariff on $107 billion worth US goods, thus kicking off the tariff war. This sent Asian markets from Japan to Hong Kong 2 per cent lower.

Indian stock markets ended flat on Monday, with the Nifty extending its losing streak to the ninth day amid the uncertain global situation. At the end of the trading, the Sensex stood at 73,085.94, down 112.