<h1>High tariffs on exports dampen market sentiment and foreign fund outflows pressure equity benchmarks amid portfolio shifts.</h1> Imposition of a high tariff on Indian goods entering the United States has weakened export competitiveness for labour intensive sectors and is a principal driver of sustained equity market declines amid notable foreign institutional selling, concentrated pressure on mid and small cap segments, and offsetting domestic institutional purchases; corporate strategic moves including an IPO announcement may affect sectoral allocation and liquidity during this tariff driven adjustment.