Indian markets declined as the US hiked import tariffs; auto stocks dragged, mid and small caps underperformed amid weak market breadth.

• Sensex fell 453 pts, Nifty below 24,420 as Trump’s tariff shock hit investor confidence; broader markets slipped further.
• Auto index dropped 1.07% led by Bharat Forge, Tata Motors; Hero MotoCorp, TVS Motor bucked the trend with modest gains.
• Highway Infra IPO saw 121x demand, while All Time Plastics and JSW Cement IPOs lagged with poor subscription figures.