<h1>Stock market indices drop over 100 points amid US inflation concerns and tariff uncertainty</h1> Stock market indices declined in early trade following muted global equity trends amid rising US inflation concerns. The benchmark index dropped 103.16 points while the broader index fell 56.75 points. Tariff-related uncertainty kept investors cautious. Major automotive and steel companies were among the losers, while select technology and banking stocks gained. Asian markets showed mixed performance with most indices trading lower. Market experts noted the indices have been range-bound for two months, requiring positive triggers for a breakout. Foreign institutional investors purchased equities worth significant amounts on the previous trading day.