Global markets are subdued today, with Asian markets trading lower amid concerns over rising bond yields and trade tensions, while US markets declined following a court ruling that declared most of President Trump's tariffs illegal.

In India, foreign institutional investors sold shares worth ₹1,171.04 crore, while domestic institutional investors bought shares worth ₹2,433.82 crore on September 2, reflecting cautious investor sentiment.

Indian benchmark indices Sensex and Nifty declined modestly amid weekly F&O expiry, with the rupee hitting a record low of 88.18 against the US dollar.

US investors are awaiting key economic data, including employment figures and the Federal Reserve's Beige Book, while Eurozone and China are releasing PPI and PMI data respectively, influencing global market outlooks.

Attention is on the two-day GST Council meeting to discuss rationalizing India's multiple-rate indirect tax regime, a move announced by Prime Minister Narendra Modi on Independence Day.

Today marks the final day for IPO subscriptions for Amanta Healthcare, with Vikran Engineering and Anlon Healthcare set to list, and Austere Systems' IPO opening for subscription amid ongoing IPO activities.

European stocks fell sharply, with the STOXX 600 dropping 1.5%, and major indices like Germany's DAX and France's CAC 40 declining due to rising bond yields and Eurozone inflation reaching 2.1%.

Asian markets mostly declined this morning, U.S. Treasuries stabilized, and the dollar extended gains for a second session, with gold prices remaining near record highs.

The 10-year US Treasury yield rose to 4.27%, and the 30-year yield approached 5%, driven by concerns over Federal Reserve independence and tariffs, amid market fears over Trump's efforts to fire Fed Governor Lisa Cook.

Market risks remain skewed to the downside due to uncertainties over U.S.-India trade tariffs and rising oil prices, fueled by U.S. sanctions on Iran and geopolitical tensions involving Russia and Ukraine.

Oil prices stayed subdued, with Brent crude at $69.07 and WTI at $65.58 per barrel, reflecting cautious sentiment in commodity markets.

US stock markets started September on a negative note, with major indices like Nasdaq, S&P 500, and Dow falling amid rising bond yields and weak economic data, including a sixth consecutive month of factory contraction.

US President Donald Trump stated he is not considering lowering tariffs on India, citing an imbalanced trade relationship due to high Indian levies.