Tuesday's relatively muted action in markets follows losses on Monday when Trump posted a flurry of letters to social media that announced new tariff rates ranging from 25% to 40% on more than a dozen countries starting August 1.

All three major U.S. indexes ended higher last week, notching three record closing highs despite an abbreviated trading week.

Track Indian market opening as GIFT Nifty signals a weak start amid global cues and Trump’s tariff threats - find out today's key triggers!