Udaipur, March 11: Major stock markets across the global business landscape are dealing with the ongoing bearish trend, following US policy shocks on tariffs. Anxiety over the US tariff policy and counter reactions from other countries are creating panic and fear of a potential recession in the world's largest economy.

India

In India, the Nifty opened at 22345.95 and has been unable to cross the 22500 mark till the time of publishing this news. The NIFTY is at 22452 at 1315hrs today. The SENSEX is flat at 74019.72, down by 0.13%. Indus Ind Bank has taken the biggest fall of 26.01%. This led to Mutual Funds took a Rs 6000 Cr hit. The sell off at Wall Street had a cascading effect on Asian markets and the Indian bourses felt the heat, with IT and private bank stocks taking the hit.

US Recession Fears

US President Donald Trump's refusal to predict whether the United States is headed for a recession amidst his governments policy annoucements on tariffs, has exponentially intensified the investor anxieties about global economic stability. This has led to the bearish behaviour of the stock markets across.

IndusInd Full Support

Ashok Hinduja, speaking to ET Now, said that IndusInd International Holdings, the promoter entity of IndusInd Bank, will continue to support IndusInd Bank fully. He added that the bank is adquately capitalized, but if needed the promoters will infuse more funds as the banks is positioned strongly as far as management and financial stability are concerned. He further said that the market has over reacted and that capital adequacy is not an issue for IndusInd Bank.