Indian shares tracked world markets lower on Friday, led by metals and mining stocks, as new US-China tensions raised doubts about a trade deal between the world’s two largest economies.
(Representational Image)
Indian shares tracked world markets lower on Friday, led by metals and mining stocks, as new U.S.-China tensions raised doubts about a trade deal between the world’s two largest economies.
In India, investors will focus on a press briefing by the governor of the Reserve Bank of India (RBI) scheduled for 1000 local time (0430 GMT), his third such address to the media during the Covid-19 pandemic.
The central bank governor could announce an extension of a three-month moratorium for borrowers from banks and finance companies, and more liquidity measures, according to 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.
Also Read | All public sectors to be open for private companies: Nirmala Sitharaman
Also Watch | FM Nirmala Sitharaman announces 5th tranche of economic package
