Nifty 50 faced losses for the 10th straight session on March 4, driven by fears of a global trade war due to new tariffs imposed by US President Trump on Canada, Mexico, and a 20% tax on Chinese goods.

The Nifty 50 is set to record a 10-day losing streak, which will mark the longest daily losing-run in the last 29 years.

The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 22,370 level, a premium of nearly 90 points from the Nifty futures’ previous close.

The 30-share BSE Sensex opened below the 73,000 mark at 72,817.34, down 268.6 points from the previous session’s closing. The broader Nifty 50 index opened at 21,974.45

The Indian stock market ended the first trading session of March in the negative territory. The BSE Sensex settled just over 73K at 73,085.94, tanking more than 100 points, while the NSE Nifty50 ended trading at 22,

The Nifty IT index closed on a positive note on Monday. Shares of LTIMindtree Ltd.(up 3.61 per cent), Wipro Ltd.(up 2.13 per cent), Infosys Ltd.(up 1.24 per cent), MphasiS Ltd.(up 0.81 per cent) and L&T Technology Services Ltd.

The Sensex ended 112 points, or 0.15 per cent, lower at 73,085.94, while the Nifty 50 settled at 22,119.30, down 5 points, or 0.02 per cent.

The stock market went into the red despite early trade showing positive signs. Mid and small cap IT, telecom, and financial services stocks, along with media stocks fell the most. At 10:50 am IST, the benchmark BSE Sensex fell by 208.