The Indian stock market is in a downturn, with the Nifty 50 experiencing its longest losing streak in 29 years. As of March 3, it fell over 16% from its peak, leading to significant losses in market capitalization for investors.

Sensex stood at 73,593.26, up 395.16 points or 0.54 per cent. Nifty was trading at 22,243.85, up 119.15 points or 0.54 per cent. In Asia, most markets were trading higher, with the Nikkei at 1.4 per cent climbing the most.

The Sensex and Nifty fell nearly 2 per cent, driven by widespread selling as concerns about a potential global trade war and a slowing US economy unsettled investors. The market saw a total loss of Rs 8.