Key Indian stock indices turned in negative dynamics on Tuesday, February 25 amid persisting concerns over the escalating coronavirus outbreak in China and across the globe. Meanwhile, traders were focused on Donald Trump’s two-day state visit to India, the outcome of which was disappointing. Notably, Trump said on Monday that the two countries would sign a USD 3 bn military equipment supply contract, while negotiations for a potential trade deal were still at an early stage. The external backdrop was unfavorable as Asian equities ended to the downside, while European benchmarks were trading in the red. Recapping the benchmarks, the Nifty 50 retreated 0.27% to 11,797.90, and the BSE Sensex slipped 0.20% to 4,0281.20. By 10:35 GMT, the USD/INR currency pair edged down 0.02% to 71.903, while EUR/INR eased 0.20% to 77.8890. The 10-year Indian government bond yield narrowed 0.19% to 6.355%. As regards individual stocks, agricultural solutions provider UPL underperformed the broader market, shedding 1.2%. Motorcycle maker TVS Motor closed 0.5% lower as it guided for a 10% y-o-y decrease in production volumes in February, citing the impact of the coronavirus. On the daily chart, the BSE Sensex continues to head south after having formed a large bearish candlestick pattern. Given where the Slow Stochastic Oscillator and the RSI are pointing, the benchmark holds further downside potential in the short term.