<h1>US tariff hike fears and geopolitical tensions drive profit-booking, foreign investor outflows, and early equity index declines; no policy announced.</h1> Renewed concerns about potential US tariff hikes, alongside heightened geopolitical tensions, were reported as weighing on market sentiment and triggering profit-booking; no tariff measure, statutory amendment, or binding trade restriction was announced or brought into force in the text, and therefore no operative legal change is described. The report notes continued foreign institutional investor equity outflows and mixed institutional flows, which are presented as market drivers rather than legal prescriptions, with the immediate consequence reflected in early-session declines in benchmark Indian equity indices and expectations of range-bound trading driven by stock- and sector-specific moves.