NIFTY50 and SENSEX trim morning losses; Bajaj Finance, IndusInd Bank and Adani Enterprises among top gainers

Selling continued to hit Indian equity markets in the mid-market session, with both Sensex and Nifty trading lower amid continued uncertainty about the Trump administration's trade and economic policies. Although tariff fears subsided a bit last week after the U.S. President decided to hold off hikes until April, there is still uncertainty about his administration's plans regarding fresh levies.

The market breadth remained largely in favour of bears, as 2193 stocks traded in the red against 525 in the green on February 17. Similarly, 696 stocks were locked in the lower circuit and 17 stocks were locked in the upper circuit.

On the global front, Asian markets were trading mostly in green, despite the mixed cues from Wall Street on Friday. Investors assessed the global economic outlook while Donald Trump pushed ahead with his trade war.

The SENSEX traded at 75712.18, down by 227.03 points or 0.30% after trading in a range of 75294.76 and 75895.26. The index had 12 advancing stocks and 18 declining stocks.

The broader indices were trading in red; the BSE mid-cap index fell by 0.76%, while the small-cap index was down by 1.71%.

The NIFTY50 traded at 22856.25, down by 73.00 points or 0.32% after trading in a range of 22725.45 and 22926.65. The index had 20 stocks advancing and 30 stocks declining.

Asian markets were trading mostly in green; Straits Times rose 18.19 points or 0.47% to 3,895.69, Jakarta Composite gained 140.67 points or 2.08% to 6,779.13, KOSPI increased 16.05 points or 0.62% to 2,607.10 and Taiwan Weighted added 352.72 points or 1.5% to 23,505.33. In comparison, Hang Seng declined 163.29 points or 0.72% to 22,457.04, Shanghai Composite weakened 7.2 points or 0.22% to 3,339.52 and Nikkei 225 slipped 5.43 points or 0.01% to 39,144.00.