The Nifty 50 index experienced a sharp decline today due to a combination of global and domestic factors:

1. Global Trade Tensions: The announcement of new tariffs by U.S. President Donald Trump has sparked fears of a global trade war. This has led to a sell-off in global markets, including India.

2. Sector-Specific Weakness: Key sectors such as IT and metals were hit hard. The Nifty IT Index fell significantly, mirroring the trend in global tech stocks, which are under pressure due to recession fears and weak earnings expectations.

3. Investor Sentiment: Rising inflation and concerns about a potential recession in the U.S. have made investors risk-averse. This has led to cautious trading and profit-booking.

4. Domestic Economic Indicators: Upcoming domestic events, such as the Monetary Policy Committee meeting and key economic data releases, have added to market uncertainty.

The combination of these factors resulted in a broad-based sell-off, with major indices like the Sensex and Nifty witnessing their worst trading session in months.

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