Sensex, Nifty slip as US-China tensions weigh; all eyes on RBI

Sensex, Nifty slip as US-China tensions weigh; all eyes on RBI

Indian shares tracked world markets lower on Friday, led by metals and mining stocks, as new U.S.-China tensions raised doubts a few trade deal between the world’s two largest economies.

In India, investors will specialise in a press briefing by the governor of the Federal Reserve Bank of India (RBI) scheduled for 1000 civil time (0430 GMT), his third such address to the media during the Covid-19 pandemic.

The financial institution governor could announce an extension of a three-month moratorium for borrowers from banks and finance companies, and more liquidity measures, consistent with local media reports.

The NSE Nifty 50 index was down 0.25% at 9,084.05 by 0400 GMT, while the S&P BSE Sensex was down 0.13% at 30,890.30.