The Dow fell 1.3%, or around 600 points, with Home Depot HD and Nvidia NVDA big losers. The S&P 500 dragged with a 1.2% loss. The tech-heavy Nasdaq composite felt the most pain, with a 1.7% fall. All three major indexes closed below their 50-day moving averages on Monday.

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The Nifty enters midweek trading stuck in a very narrow range. 25,750 - 25,800 zone is acting as a support for the index, while the 26,000 mark continues to remain a barrier, despite the index closing above it on Monday.

KWIL.The share entitlement ratio is 1:1 which means one fully paid-up equity share of face value of Rs 1 in KWIL will be given for every one held in HUL.More details here. Big players such as Tata Consultancy Services Ltd.

Valentin Marinov, head of G10 FX strategy at Credit Agricole CIB, said that any changes in Starmer and Chancellor Rachel Reeves’s political fortunes could shake the “hard-won investors confidence” in the UK’s commitment to fiscal stability, and undermine sterling-denominated assets.

Fears of a global recession have erupted following the plummet of stocks and shares in the US and Asia. Stocks have plunged globablly with Asian shares of bitcoin falling of a cliff following Federal Reserve Board of Governors member Christopher Waller's stark warning of redundancies at an "eye-popping" scale across major US firms.