Mumbai (Maharashtra) [India], March 31 (ANI): The Indian stock markets remained closed on Monday in observance of Eid-ul-Fitr celebrations, while other major Asian markets faced heavy selling pressure.

At the time of filing this report Japan's Nikkei 225 plunged by 4 per cent, Taiwan's Weighted Index declined by 2.97 per cent, and South Korea's benchmark index dropped by over 2.5 per cent, reflecting widespread investor concerns.

On Friday, Indian markets ended in the red, with the Nifty closing at 23,519 points after shedding 72 points, while the Sensex declined 0.25 per cent to settle at 77,414. The ongoing market pressure is largely attributed to U.S. President Donald Trump's tariff policy, which, despite being factored into market sentiment, continues to cause uncertainty. Investors are now awaiting further clarity on the impact of these tariffs, which are set to take effect on April 2.

The coming days will be crucial in determining the long-term market reaction to these policy changes.